Congress Asset Management Co. MA Grows Holdings in Central Garden & Pet (NASDAQ:CENTA)

Congress Asset Management Co. MA increased its position in shares of Central Garden & Pet (NASDAQ:CENTAFree Report) by 22.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,737 shares of the company’s stock after purchasing an additional 33,983 shares during the quarter. Congress Asset Management Co. MA’s holdings in Central Garden & Pet were worth $6,784,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of Central Garden & Pet during the fourth quarter valued at $35,000. Brighton Jones LLC acquired a new position in Central Garden & Pet during the fourth quarter worth about $215,000. Virtu Financial LLC acquired a new position in Central Garden & Pet during the fourth quarter worth about $281,000. Hsbc Holdings PLC acquired a new position in shares of Central Garden & Pet in the 3rd quarter valued at $331,000. Finally, Lazard Asset Management LLC boosted its position in shares of Central Garden & Pet by 200.5% in the 3rd quarter. Lazard Asset Management LLC now owns 8,310 shares of the company’s stock valued at $333,000 after purchasing an additional 5,545 shares during the period. 50.82% of the stock is currently owned by institutional investors.

Central Garden & Pet Stock Up 1.9 %

NASDAQ CENTA traded up $0.62 during trading on Friday, reaching $33.64. 827,457 shares of the company’s stock were exchanged, compared to its average volume of 251,866. Central Garden & Pet has a fifty-two week low of $27.88 and a fifty-two week high of $41.03. The firm has a market capitalization of $2.27 billion, a PE ratio of 15.11 and a beta of 0.74. The company has a current ratio of 3.33, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The company’s fifty day simple moving average is $36.45 and its 200-day simple moving average is $34.54.

Central Garden & Pet (NASDAQ:CENTAGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.16. Central Garden & Pet had a return on equity of 11.30% and a net margin of 4.49%. The firm had revenue of $900.09 million during the quarter, compared to analyst estimates of $895.68 million. Sell-side analysts predict that Central Garden & Pet will post 2.28 EPS for the current year.

Insiders Place Their Bets

In other news, insider John D. Walker III sold 4,218 shares of Central Garden & Pet stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $40.31, for a total transaction of $170,027.58. Following the completion of the sale, the insider now directly owns 85,063 shares in the company, valued at approximately $3,428,889.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Howard Machek sold 10,000 shares of Central Garden & Pet stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $40.05, for a total transaction of $400,500.00. Following the completion of the sale, the chief accounting officer now directly owns 51,474 shares in the company, valued at approximately $2,061,533.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John D. Walker III sold 4,218 shares of Central Garden & Pet stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $40.31, for a total value of $170,027.58. Following the sale, the insider now owns 85,063 shares of the company’s stock, valued at $3,428,889.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 714,218 shares of company stock worth $25,945,528. 20.28% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CENTA has been the subject of a number of recent analyst reports. Monness Crespi & Hardt increased their price target on Central Garden & Pet from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Truist Financial increased their price target on Central Garden & Pet from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, May 13th. StockNews.com upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Friday, May 31st. Finally, Argus upgraded Central Garden & Pet to a “strong-buy” rating in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $41.75.

View Our Latest Stock Report on Central Garden & Pet

Central Garden & Pet Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Central Garden & Pet (NASDAQ:CENTA)

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