Central Garden & Pet Co (CENT) Shares Bought by Bank of New York Mellon Corp

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Bank of New York Mellon Corp lifted its holdings in shares of Central Garden & Pet Co (NASDAQ:CENT) by 3.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 137,132 shares of the company’s stock after purchasing an additional 4,260 shares during the quarter. Bank of New York Mellon Corp’s holdings in Central Garden & Pet were worth $4,943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of Central Garden & Pet by 19.7% during the 3rd quarter. Wells Fargo & Company MN now owns 1,100,725 shares of the company’s stock worth $39,671,000 after acquiring an additional 180,781 shares during the period. GW&K Investment Management LLC boosted its stake in shares of Central Garden & Pet by 1.2% during the 3rd quarter. GW&K Investment Management LLC now owns 452,195 shares of the company’s stock worth $16,297,000 after acquiring an additional 5,350 shares during the period. Bank of America Corp DE boosted its stake in shares of Central Garden & Pet by 219.1% during the 2nd quarter. Bank of America Corp DE now owns 185,774 shares of the company’s stock worth $8,077,000 after acquiring an additional 127,564 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Central Garden & Pet by 23.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 140,452 shares of the company’s stock worth $5,063,000 after acquiring an additional 26,676 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Central Garden & Pet by 3.9% during the 2nd quarter. Northern Trust Corp now owns 128,222 shares of the company’s stock worth $5,575,000 after acquiring an additional 4,838 shares during the period. Institutional investors own 24.36% of the company’s stock.

CENT has been the subject of several research analyst reports. Zacks Investment Research upgraded Central Garden & Pet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 22nd. BidaskClub downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Finally, ValuEngine downgraded Central Garden & Pet from a “hold” rating to a “sell” rating in a research note on Friday, February 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Central Garden & Pet has an average rating of “Hold” and a consensus target price of $44.17.

NASDAQ:CENT opened at $30.38 on Thursday. The company has a market cap of $1.62 billion, a P/E ratio of 15.91 and a beta of 0.14. The company has a quick ratio of 3.12, a current ratio of 5.10 and a debt-to-equity ratio of 0.72. Central Garden & Pet Co has a 1-year low of $29.56 and a 1-year high of $45.02.

Central Garden & Pet (NASDAQ:CENT) last released its quarterly earnings results on Wednesday, February 6th. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.06). The firm had revenue of $462.00 million for the quarter, compared to analyst estimates of $487.52 million. Central Garden & Pet had a return on equity of 11.19% and a net margin of 4.44%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 earnings per share. As a group, equities research analysts forecast that Central Garden & Pet Co will post 1.8 earnings per share for the current year.

In related news, Director Brooks Pennington III sold 1,944 shares of Central Garden & Pet stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $34.70, for a total transaction of $67,456.80. Following the completion of the sale, the director now directly owns 41,305 shares of the company’s stock, valued at approximately $1,433,283.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael Edwards purchased 2,930 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were purchased at an average cost of $34.07 per share, with a total value of $99,825.10. Following the completion of the acquisition, the director now owns 2,930 shares in the company, valued at approximately $99,825.10. The disclosure for this purchase can be found here. Company insiders own 10.35% of the company’s stock.

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Central Garden & Pet Company Profile

Central Garden & Pet Company, together with its subsidiaries, produces and distributes 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 supplies products for dogs and cats, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.

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

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