Amalgamated Bank Has $484,000 Position in Central Garden & Pet (NASDAQ:CENTA)

Amalgamated Bank lowered its position in shares of Central Garden & Pet (NASDAQ:CENTA) by 6.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,421 shares of the company’s stock after selling 1,044 shares during the quarter. Amalgamated Bank’s holdings in Central Garden & Pet were worth $484,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Central Garden & Pet by 30.2% in the first quarter. Vanguard Group Inc. now owns 5,636,319 shares of the company’s stock valued at $208,093,000 after buying an additional 1,306,309 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Central Garden & Pet by 0.8% in the second 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 during the period. Champlain Investment Partners LLC boosted its holdings in shares of Central Garden & Pet by 24.8% in the first quarter. Champlain Investment Partners LLC now owns 2,303,369 shares of the company’s stock valued at $85,040,000 after buying an additional 457,699 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Central Garden & Pet by 1.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,100,751 shares of the company’s stock valued at $65,964,000 after buying an additional 38,077 shares during the period. Finally, Silvercrest Asset Management Group LLC boosted its holdings in shares of Central Garden & Pet by 7.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,112,400 shares of the company’s stock valued at $41,070,000 after buying an additional 74,256 shares during the period. Institutional investors and hedge funds own 50.82% of the company’s stock.

Wall Street Analysts Forecast Growth

CENTA has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price target 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. StockNews.com lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $41.33.

Insiders Place Their Bets

In other Central Garden & Pet news, Director John Ranelli sold 2,500 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $34.28, for a total transaction of $85,700.00. Following the sale, the director now directly owns 822 shares of the company’s stock, valued at approximately $28,178.16. This represents a 75.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman William E. Brown sold 60,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $33.54, for a total transaction of $2,012,400.00. Following the sale, the chairman now directly owns 1,125,773 shares in the company, valued at $37,758,426.42. This trade represents a 5.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 20.28% of the company’s stock.

Central Garden & Pet Stock Performance

Shares of CENTA stock opened at $31.63 on Friday. The company has a quick ratio of 2.16, a current ratio of 3.66 and a debt-to-equity ratio of 0.75. The company’s fifty day simple moving average is $30.81 and its 200-day simple moving average is $33.47. Central Garden & Pet has a 12 month low of $27.70 and a 12 month high of $41.03. The firm has a market cap of $2.13 billion, a PE ratio of 14.58 and a beta of 0.73.

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.