Charles Schwab Investment Management Inc. increased its position in Central Garden & Pet (NASDAQ:CENT - Free Report) by 23.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,273 shares of the company's stock after acquiring an additional 25,968 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.21% of Central Garden & Pet worth $5,365,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in shares of Central Garden & Pet in the fourth quarter valued at approximately $682,000. Bank of New York Mellon Corp boosted its stake in Central Garden & Pet by 3.0% during the 4th quarter. Bank of New York Mellon Corp now owns 73,883 shares of the company's stock valued at $2,867,000 after purchasing an additional 2,129 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Central Garden & Pet by 4.2% in the 4th quarter. Principal Financial Group Inc. now owns 53,355 shares of the company's stock worth $2,070,000 after buying an additional 2,141 shares in the last quarter. Rhumbline Advisers boosted its stake in Central Garden & Pet by 1.1% during the fourth quarter. Rhumbline Advisers now owns 29,052 shares of the company's stock valued at $1,127,000 after buying an additional 314 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in Central Garden & Pet by 5.0% during the fourth quarter. Empowered Funds LLC now owns 48,392 shares of the company's stock worth $1,878,000 after acquiring an additional 2,297 shares during the period. 16.13% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Argus cut shares of Central Garden & Pet from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Central Garden & Pet currently has an average rating of "Buy" and an average target price of $45.00.
Check Out Our Latest Stock Analysis on CENT
Insider Activity
In other Central Garden & Pet news, insider John D. Walker III sold 10,000 shares of Central Garden & Pet stock in a transaction on Monday, February 10th. The shares were sold at an average price of $32.86, for a total transaction of $328,600.00. Following the completion of the sale, the insider now owns 67,111 shares of the company's stock, valued at $2,205,267.46. This trade represents a 12.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 8.19% of the stock is currently owned by corporate insiders.
Central Garden & Pet Price Performance
Shares of NASDAQ CENT traded down $0.25 during mid-day trading on Friday, reaching $35.63. The company had a trading volume of 25,719 shares, compared to its average volume of 137,160. Central Garden & Pet has a 1-year low of $32.17 and a 1-year high of $47.48. The stock has a market cap of $2.33 billion, a PE ratio of 19.59 and a beta of 0.73. The company has a current ratio of 3.47, a quick ratio of 1.97 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $36.69 and a two-hundred day moving average price of $37.06.
Central Garden & Pet (NASDAQ:CENT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.24. Central Garden & Pet had a net margin of 3.77% and a return on equity of 10.08%. On average, equities analysts anticipate that Central Garden & Pet will post 2.38 earnings per share for the current year.
About Central Garden & Pet
(
Free Report)
Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on dog and cat supplies such as dog treats and chews, toys, pet beds and containment, grooming products, waste management and training pads, supplies for aquatics, small animals, reptiles and pet birds including toys, cages and habitats, bedding, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish and small animals as well as outdoor cushions.
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