Truist Financial Corp trimmed its stake in Central Garden & Pet (NASDAQ:CENTA – Free Report) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,024 shares of the company’s stock after selling 463 shares during the period. Truist Financial Corp’s holdings in Central Garden & Pet were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. CQS US LLC lifted its stake in shares of Central Garden & Pet by 370.9% in the third quarter. CQS US LLC now owns 163,546 shares of the company’s stock valued at $6,557,000 after buying an additional 128,818 shares during the period. Assenagon Asset Management S.A. raised its holdings in Central Garden & Pet by 99.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 235,008 shares of the company’s stock valued at $9,421,000 after acquiring an additional 117,037 shares in the last quarter. Algert Global LLC bought a new stake in shares of Central Garden & Pet in the 3rd quarter worth approximately $3,490,000. Tudor Investment Corp Et Al grew its holdings in shares of Central Garden & Pet by 1,092.6% during the 3rd quarter. Tudor Investment Corp Et Al now owns 71,666 shares of the company’s stock worth $2,873,000 after purchasing an additional 65,657 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of Central Garden & Pet by 5,772.5% during the third quarter. Qube Research & Technologies Ltd now owns 50,445 shares of the company’s stock valued at $2,022,000 after purchasing an additional 49,586 shares during the period. Institutional investors own 50.82% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently commented on CENTA shares. StockNews.com raised Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Monness Crespi & Hardt raised their price objective on shares of Central Garden & Pet from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Truist Financial upped their target price on shares of Central Garden & Pet from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, JPMorgan Chase & Co. raised their price target on shares of Central Garden & Pet from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Central Garden & Pet presently has an average rating of “Moderate Buy” and an average target price of $41.75.
View Our Latest Stock Analysis on CENTA
Central Garden & Pet Trading Up 0.3 %
Shares of Central Garden & Pet stock opened at $39.73 on Friday. Central Garden & Pet has a 12-month low of $27.02 and a 12-month high of $41.03. The stock has a market capitalization of $2.67 billion, a P/E ratio of 17.85 and a beta of 0.70. The company has a 50-day simple moving average of $36.35 and a 200 day simple moving average of $32.48. The company has a quick ratio of 1.68, a current ratio of 3.33 and a debt-to-equity ratio of 0.79.
Insider Activity
In other Central Garden & Pet news, CAO Howard Machek sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $40.05, for a total value of $400,500.00. Following the transaction, the chief accounting officer now owns 51,474 shares of the company’s stock, valued at $2,061,533.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 20.28% of the stock is currently owned by corporate insiders.
Central Garden & Pet Company Profile
Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments: Pet and Garden. The Pet segment provides 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, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.
Further Reading
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Source: defenseworld.net
