Central Garden & Pet Company (CENTA) Holdings Reduced by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in Central Garden & Pet Company (NASDAQ:CENTA) by 10.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,146,546 shares of the company’s stock after selling 134,443 shares during the period. JPMorgan Chase & Co. owned about 2.21% of Central Garden & Pet worth $42,273,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in Central Garden & Pet by 141.6% during the 3rd quarter. Principal Financial Group Inc. now owns 666,520 shares of the company’s stock worth $24,788,000 after acquiring an additional 390,600 shares during the period. FMR LLC raised its stake in Central Garden & Pet by 27.7% during the 2nd quarter. FMR LLC now owns 1,598,246 shares of the company’s stock worth $47,979,000 after acquiring an additional 346,336 shares during the period. Vanguard Group Inc. raised its stake in Central Garden & Pet by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,319,441 shares of the company’s stock worth $99,650,000 after acquiring an additional 143,550 shares during the period. Eaton Vance Management raised its stake in Central Garden & Pet by 94.7% during the 2nd quarter. Eaton Vance Management now owns 158,065 shares of the company’s stock worth $4,745,000 after acquiring an additional 76,865 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its stake in Central Garden & Pet by 23.3% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 370,700 shares of the company’s stock worth $13,786,000 after acquiring an additional 70,100 shares during the period. Hedge funds and other institutional investors own 62.79% of the company’s stock.

Central Garden & Pet Company (NASDAQ:CENTA) traded down $0.28 during mid-day trading on Tuesday, hitting $37.43. 288,379 shares of the company were exchanged, compared to its average volume of 196,900. Central Garden & Pet Company has a 1 year low of $28.12 and a 1 year high of $41.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 3.10. The stock has a market capitalization of $1,940.00, a price-to-earnings ratio of 24.63 and a beta of 0.28.

Central Garden & Pet (NASDAQ:CENTA) last posted its earnings results on Tuesday, November 28th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Central Garden & Pet had a net margin of 3.84% and a return on equity of 12.81%. The firm had revenue of $490.46 million during the quarter. During the same period last year, the business posted $0.13 earnings per share. research analysts anticipate that Central Garden & Pet Company will post 1.62 EPS for the current fiscal year.

CENTA has been the topic of several recent analyst reports. CL King reiterated a “buy” rating and set a $47.00 price objective on shares of Central Garden & Pet in a research report on Friday, December 8th. Monness Crespi & Hardt initiated coverage on shares of Central Garden & Pet in a research report on Friday, October 20th. They set a “buy” rating and a $44.00 price objective on the stock. Finally, Sidoti cut shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a research report on Monday, October 16th.

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About Central Garden & Pet

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

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

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