Principal Financial Group Inc. lessened its holdings in shares of Central Garden & Pet (NASDAQ:CENTA) by 1.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 841,544 shares of the company’s stock after selling 12,433 shares during the period. Principal Financial Group Inc.’s holdings in Central Garden & Pet were worth $30,574,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Amundi Pioneer Asset Management Inc. acquired a new position in Central Garden & Pet during the first quarter worth approximately $56,000. Veriti Management LLC acquired a new position in Central Garden & Pet during the fourth quarter worth approximately $65,000. Sawgrass Asset Management LLC increased its position in Central Garden & Pet by 29.6% during the fourth quarter. Sawgrass Asset Management LLC now owns 7,610 shares of the company’s stock worth $276,000 after buying an additional 1,740 shares during the period. USA Financial Portformulas Corp acquired a new position in Central Garden & Pet during the fourth quarter worth approximately $277,000. Finally, ProShare Advisors LLC increased its position in Central Garden & Pet by 71.3% during the fourth quarter. ProShare Advisors LLC now owns 9,502 shares of the company’s stock worth $345,000 after buying an additional 3,955 shares during the period. 63.28% of the stock is currently owned by institutional investors and hedge funds.
Central Garden & Pet stock opened at $51.58 on Thursday. The firm has a market capitalization of $2.85 billion, a P/E ratio of 23.23 and a beta of 0.69. The stock has a fifty day moving average price of $46.38 and a 200 day moving average price of $39.64. Central Garden & Pet has a 52 week low of $27.51 and a 52 week high of $55.07. The company has a current ratio of 3.46, a quick ratio of 2.47 and a debt-to-equity ratio of 0.64.
A number of research firms recently weighed in on CENTA. Zacks Investment Research upgraded Central Garden & Pet from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Monday, March 8th. Monness Crespi & Hardt boosted their price target on Central Garden & Pet from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, February 4th. Finally, KeyCorp boosted their price target on Central Garden & Pet from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, February 4th.
About Central Garden & Pet
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, including edible bones, edible and non-edible chews, rawhides, dog and cat food, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as cages and habitats, toys, chews, and related accessories.
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