Amalgamated Bank Sells 917 Shares of Central Garden & Pet (NASDAQ:CENTA)

Amalgamated Bank cut its position in Central Garden & Pet (NASDAQ:CENTA) by 5.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,931 shares of the company’s stock after selling 917 shares during the period. Amalgamated Bank’s holdings in Central Garden & Pet were worth $658,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors L.P. bought a new stake in Central Garden & Pet during the fourth quarter worth $494,000. Brighton Jones LLC acquired a new stake in Central Garden & Pet in the fourth quarter valued at about $215,000. State of New Jersey Common Pension Fund D grew its position in Central Garden & Pet by 15.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 68,978 shares of the company’s stock valued at $3,038,000 after acquiring an additional 8,978 shares during the last quarter. GAMMA Investing LLC acquired a new position in Central Garden & Pet during the fourth quarter worth about $35,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Central Garden & Pet in the fourth quarter worth about $903,000. 50.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CENTA shares. StockNews.com raised Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Friday, May 10th. JPMorgan Chase & Co. upped their price objective on Central Garden & Pet from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Truist Financial boosted their target price on shares of Central Garden & Pet from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, Monness Crespi & Hardt raised their price target on shares of Central Garden & Pet from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.75.

Insider Activity

In other news, CAO Howard Machek sold 10,000 shares of Central Garden & Pet stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $40.05, for a total value of $400,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,474 shares of the company’s stock, valued at approximately $2,061,533.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 20.28% of the company’s stock.

Central Garden & Pet Stock Performance

Shares of CENTA stock opened at $39.73 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.33 and a quick ratio of 1.68. Central Garden & Pet has a one year low of $27.02 and a one year high of $41.03. The business’s 50 day simple moving average is $36.35 and its 200 day simple moving average is $32.48. The stock has a market capitalization of $2.67 billion, a PE ratio of 17.85 and a beta of 0.70.

Central Garden & Pet Company Profile

Central Garden & Pet Company produces and distributes various 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 provides 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, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.