Martingale Asset Management L P Lowers Position in Central Garden & Pet (NASDAQ:CENTA)

Martingale Asset Management L P trimmed its holdings in shares of Central Garden & Pet (NASDAQ:CENTA) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,616 shares of the company’s stock after selling 2,700 shares during the quarter. Martingale Asset Management L P owned about 0.09% of Central Garden & Pet worth $1,935,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Central Garden & Pet by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,653,753 shares of the company’s stock valued at $120,682,000 after buying an additional 29,780 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Central Garden & Pet by 31.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 76,262 shares of the company’s stock valued at $2,817,000 after purchasing an additional 18,047 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Central Garden & Pet by 215.8% during the second quarter. Hsbc Holdings PLC now owns 24,539 shares of the company’s stock worth $803,000 after purchasing an additional 16,768 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Central Garden & Pet by 25.4% in the 1st quarter. California State Teachers Retirement System now owns 53,918 shares of the company’s stock worth $1,991,000 after purchasing an additional 10,910 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Central Garden & Pet by 1.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,100,751 shares of the company’s stock valued at $65,964,000 after purchasing an additional 38,077 shares during the last quarter. 50.82% of the stock is currently owned by institutional investors.

Central Garden & Pet Price Performance

Shares of Central Garden & Pet stock opened at $33.79 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.66 and a quick ratio of 2.16. Central Garden & Pet has a one year low of $27.70 and a one year high of $41.03. The business’s 50 day simple moving average is $30.88 and its two-hundred day simple moving average is $33.19. The stock has a market capitalization of $2.28 billion, a P/E ratio of 20.86 and a beta of 0.73.

Analyst Ratings Changes

A number of research firms recently weighed in on CENTA. StockNews.com downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lowered their price objective on shares of Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Central Garden & Pet has a consensus rating of “Buy” and a consensus price target of $41.33.

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.