Intech Investment Management LLC Trims Position in Central Garden & Pet Company $CENTA

Intech Investment Management LLC trimmed its stake in Central Garden & Pet Company (NASDAQ:CENTA) by 8.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,167 shares of the company’s stock after selling 4,380 shares during the period. Intech Investment Management LLC’s holdings in Central Garden & Pet were worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Central Garden & Pet by 4.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,680 shares of the company’s stock valued at $397,000 after acquiring an additional 589 shares in the last quarter. Geode Capital Management LLC increased its holdings in Central Garden & Pet by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 941,185 shares of the company’s stock worth $29,454,000 after purchasing an additional 30,763 shares during the period. Fox Run Management L.L.C. bought a new stake in Central Garden & Pet during the 2nd quarter valued at $696,000. Bank of New York Mellon Corp lifted its holdings in shares of Central Garden & Pet by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 405,275 shares of the company’s stock worth $12,681,000 after buying an additional 3,998 shares during the period. Finally, GHP Investment Advisors Inc. grew its position in shares of Central Garden & Pet by 3.9% during the 2nd quarter. GHP Investment Advisors Inc. now owns 95,946 shares of the company’s stock worth $3,002,000 after buying an additional 3,599 shares in the last quarter. 50.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Canaccord Genuity Group lifted their price objective on Central Garden & Pet from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. cut their target price on shares of Central Garden & Pet from $35.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, October 23rd. Zacks Research lowered shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Friday, October 24th. Wall Street Zen downgraded shares of Central Garden & Pet from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Central Garden & Pet in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.33.

Central Garden & Pet Stock Performance

CENTA stock opened at $29.24 on Monday. Central Garden & Pet Company has a one year low of $25.97 and a one year high of $37.35. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 13.29 and a beta of 0.63. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.28 and a current ratio of 3.56. The firm has a 50-day simple moving average of $28.80 and a two-hundred day simple moving average of $31.39.

About Central Garden & Pet

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.