Public Sector Pension Investment Board Sells 8,900 Shares of Central Garden & Pet (NASDAQ:CENTA)

Public Sector Pension Investment Board reduced its position in Central Garden & Pet (NASDAQ:CENTA) by 7.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,298 shares of the company’s stock after selling 8,900 shares during the period. Public Sector Pension Investment Board’s holdings in Central Garden & Pet were worth $3,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Quantbot Technologies LP grew its position in Central Garden & Pet by 253.7% during the third quarter. Quantbot Technologies LP now owns 3,891 shares of the company’s stock valued at $122,000 after buying an additional 2,791 shares during the period. FMR LLC grew its position in shares of Central Garden & Pet by 33.8% during the 3rd quarter. FMR LLC now owns 76,388 shares of the company’s stock valued at $2,399,000 after acquiring an additional 19,306 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Central Garden & Pet by 9.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 691,092 shares of the company’s stock worth $21,700,000 after purchasing an additional 59,368 shares in the last quarter. Mirabella Financial Services LLP raised its holdings in Central Garden & Pet by 4.5% in the 3rd quarter. Mirabella Financial Services LLP now owns 630,051 shares of the company’s stock worth $19,784,000 after purchasing an additional 27,249 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Central Garden & Pet during the third quarter valued at $1,012,000. Institutional investors own 50.82% of the company’s stock.

Central Garden & Pet Stock Performance

NASDAQ:CENTA opened at $34.28 on Wednesday. The stock has a 50-day moving average price of $30.92 and a 200 day moving average price of $33.06. The stock has a market capitalization of $2.31 billion, a P/E ratio of 21.19 and a beta of 0.78. Central Garden & Pet has a 12-month low of $27.70 and a 12-month high of $41.03. The company has a current ratio of 3.66, a quick ratio of 2.19 and a debt-to-equity ratio of 0.76.

Analyst Upgrades and Downgrades

CENTA has been the subject of a number of analyst reports. StockNews.com downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lowered their price target on shares of Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock 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.