JPMorgan Chase & Co. Has $6.62 Million Stock Position in Central Garden & Pet (NASDAQ:CENTA)

JPMorgan Chase & Co. cut its position in Central Garden & Pet (NASDAQ:CENTA) by 12.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,814 shares of the company’s stock after selling 30,056 shares during the period. JPMorgan Chase & Co. owned 0.32% of Central Garden & Pet worth $6,620,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CENTA. Barclays PLC increased its stake in Central Garden & Pet by 161.7% during the 3rd quarter. Barclays PLC now owns 122,530 shares of the company’s stock valued at $3,849,000 after purchasing an additional 75,718 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Central Garden & Pet by 18.3% during the third quarter. Public Employees Retirement System of Ohio now owns 50,425 shares of the company’s stock valued at $1,583,000 after buying an additional 7,810 shares during the last quarter. State Street Corp increased its position in shares of Central Garden & Pet by 3.3% during the third quarter. State Street Corp now owns 2,175,277 shares of the company’s stock worth $68,304,000 after acquiring an additional 68,689 shares in the last quarter. Point72 DIFC Ltd raised its holdings in shares of Central Garden & Pet by 32.0% in the 3rd quarter. Point72 DIFC Ltd now owns 6,154 shares of the company’s stock worth $193,000 after acquiring an additional 1,492 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in Central Garden & Pet by 414.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,439 shares of the company’s stock valued at $296,000 after acquiring an additional 7,606 shares in the last quarter. 50.82% of the stock is owned by institutional investors.

Central Garden & Pet Price Performance

Shares of NASDAQ:CENTA opened at $30.49 on Thursday. The company has a market capitalization of $2.00 billion, a P/E ratio of 18.84 and a beta of 0.76. The company’s 50-day moving average is $33.03 and its 200 day moving average is $32.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.19 and a current ratio of 3.66. Central Garden & Pet has a fifty-two week low of $27.70 and a fifty-two week high of $41.03.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. StockNews.com downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their target price on shares of Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Finally, Argus cut shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.33.

About Central Garden & Pet

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.