Natixis Advisors LLC Purchases 2,162 Shares of Central Garden & Pet (NASDAQ:CENTA)

Natixis Advisors LLC increased its stake in shares of Central Garden & Pet (NASDAQ:CENTA) by 13.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,989 shares of the company’s stock after buying an additional 2,162 shares during the quarter. Natixis Advisors LLC’s holdings in Central Garden & Pet were worth $565,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Quarry LP boosted its holdings in shares of Central Garden & Pet by 503.2% in the 2nd quarter. Quarry LP now owns 754 shares of the company’s stock valued at $25,000 after purchasing an additional 629 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of Central Garden & Pet in the 2nd quarter valued at $26,000. CWM LLC boosted its holdings in shares of Central Garden & Pet by 3,558.1% in the 2nd quarter. CWM LLC now owns 1,134 shares of the company’s stock valued at $37,000 after purchasing an additional 1,103 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Central Garden & Pet in the 2nd quarter valued at $37,000. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Central Garden & Pet by 37.4% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,650 shares of the company’s stock valued at $61,000 after purchasing an additional 449 shares in the last quarter. Institutional investors and hedge funds own 50.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CENTA. JPMorgan Chase & Co. dropped their price target on Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. StockNews.com lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Central Garden & Pet currently has a consensus rating of “Buy” and a consensus price target of $41.33.

Central Garden & Pet Stock Performance

Shares of CENTA opened at $34.13 on Friday. The company has a market cap of $2.30 billion, a PE ratio of 21.09 and a beta of 0.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.66 and a quick ratio of 2.16. Central Garden & Pet has a one year low of $27.70 and a one year high of $41.03. The stock has a 50-day moving average of $30.84 and a 200-day moving average of $33.23.

About Central Garden & Pet

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.