Amundi Has $151,000 Holdings in Central Garden & Pet (NASDAQ:CENT)

Amundi grew its stake in Central Garden & Pet (NASDAQ:CENT) by 193.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,201 shares of the company’s stock after buying an additional 2,771 shares during the period. Amundi’s holdings in Central Garden & Pet were worth $151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new stake in shares of Central Garden & Pet in the fourth quarter worth about $682,000. Charles Schwab Investment Management Inc. lifted its position in shares of Central Garden & Pet by 23.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 138,273 shares of the company’s stock worth $5,365,000 after buying an additional 25,968 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Central Garden & Pet by 3.0% in the fourth quarter. Bank of New York Mellon Corp now owns 73,883 shares of the company’s stock worth $2,867,000 after buying an additional 2,129 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Central Garden & Pet by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 53,355 shares of the company’s stock worth $2,070,000 after buying an additional 2,141 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Central Garden & Pet by 1.1% in the fourth quarter. Rhumbline Advisers now owns 29,052 shares of the company’s stock worth $1,127,000 after buying an additional 314 shares during the last quarter. Institutional investors and hedge funds own 16.13% of the company’s stock.

Insider Activity at Central Garden & Pet

In related news, insider John D. Walker III sold 10,000 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $32.86, for a total transaction of $328,600.00. Following the transaction, the insider now directly owns 67,111 shares in the company, valued at $2,205,267.46. The trade was a 12.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.19% of the company’s stock.

Central Garden & Pet Trading Down 7.3 %

Central Garden & Pet stock opened at $33.67 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.97 and a current ratio of 3.47. The business’s 50-day simple moving average is $36.75 and its 200-day simple moving average is $37.16. The firm has a market capitalization of $2.21 billion, a PE ratio of 18.50 and a beta of 0.73. Central Garden & Pet has a 52 week low of $32.17 and a 52 week high of $47.48.

Central Garden & Pet (NASDAQ:CENT) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.24. Central Garden & Pet had a return on equity of 10.08% and a net margin of 3.77%. Equities research analysts forecast that Central Garden & Pet will post 2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CENT shares. Argus cut Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Canaccord Genuity Group dropped their price objective on Central Garden & Pet from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. One analyst has 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, the stock currently has an average rating of “Buy” and an average price target of $45.00.

Central Garden & Pet Company Profile

Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on 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, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish and small animals as well as outdoor cushions.