AMP Capital Investors Ltd bought a new position in Central Garden & Pet Co (NASDAQ:CENTA) during the 2nd quarter, Holdings Channel reports. The fund bought 5,494 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC increased its position in Central Garden & Pet by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,350,400 shares of the company’s stock valued at $54,651,000 after purchasing an additional 47,600 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Central Garden & Pet during the 2nd quarter valued at $168,000. United Services Automobile Association increased its position in Central Garden & Pet by 63.6% during the 2nd quarter. United Services Automobile Association now owns 137,500 shares of the company’s stock valued at $5,565,000 after purchasing an additional 53,435 shares during the period. NumerixS Investment Technologies Inc increased its position in Central Garden & Pet by 214.3% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,400 shares of the company’s stock valued at $176,000 after purchasing an additional 3,000 shares during the period. Finally, Legal & General Group Plc increased its position in Central Garden & Pet by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 77,629 shares of the company’s stock valued at $3,129,000 after purchasing an additional 3,846 shares during the period. 63.49% of the stock is currently owned by institutional investors.

A number of research analysts have issued reports on CENTA shares. Bank of America started coverage on shares of Central Garden & Pet in a research report on Monday, September 10th. They set a “buy” rating and a $44.00 price objective on the stock. BMO Capital Markets started coverage on shares of Central Garden & Pet in a research report on Monday, August 13th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $45.00.

NASDAQ:CENTA opened at $34.16 on Wednesday. The stock has a market capitalization of $1.88 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.58 and a beta of 0.10. The company has a current ratio of 4.42, a quick ratio of 2.57 and a debt-to-equity ratio of 0.93. Central Garden & Pet Co has a 1-year low of $32.57 and a 1-year high of $41.97.

Central Garden & Pet (NASDAQ:CENTA) last released its earnings results on Wednesday, August 1st. The company reported $0.79 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.79. The firm had revenue of $657.94 million for the quarter. Central Garden & Pet had a net margin of 5.32% and a return on equity of 14.69%. analysts forecast that Central Garden & Pet Co will post 1.88 EPS for the current fiscal year.

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 comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.

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

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