Envestnet Asset Management Inc. Has $309,000 Stock Position in Central Garden & Pet (NASDAQ:CENTA)

Envestnet Asset Management Inc. decreased its stake in Central Garden & Pet (NASDAQ:CENTA) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,356 shares of the company’s stock after selling 757 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Central Garden & Pet were worth $309,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CENTA. Wells Fargo & Company MN increased its holdings in shares of Central Garden & Pet by 25.0% during the fourth quarter. Wells Fargo & Company MN now owns 36,362 shares of the company’s stock worth $1,202,000 after buying an additional 7,264 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in Central Garden & Pet during the 4th quarter worth approximately $3,538,000. Highbridge Capital Management LLC increased its holdings in Central Garden & Pet by 89.8% during the 4th quarter. Highbridge Capital Management LLC now owns 685,847 shares of the company’s stock valued at $22,667,000 after purchasing an additional 324,493 shares in the last quarter. Pictet Asset Management Holding SA raised its position in Central Garden & Pet by 32.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,412 shares of the company’s stock valued at $245,000 after purchasing an additional 1,813 shares during the last quarter. Finally, Norges Bank acquired a new position in Central Garden & Pet in the fourth quarter worth $8,245,000. Institutional investors and hedge funds own 50.82% of the company’s stock.

Insider Activity at Central Garden & Pet

In other news, insider John D. Walker III sold 10,000 shares of Central Garden & Pet stock in a transaction on Monday, February 10th. The shares were sold at an average price of $32.86, for a total transaction of $328,600.00. Following the transaction, the insider now directly owns 67,111 shares of the company’s stock, valued at $2,205,267.46. This trade represents a 12.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 20.28% of the stock is currently owned by corporate insiders.

Central Garden & Pet Stock Down 2.2 %

Shares of NASDAQ CENTA opened at $30.33 on Wednesday. The company has a current ratio of 3.47, a quick ratio of 1.97 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $1.99 billion, a PE ratio of 16.66 and a beta of 0.68. The firm’s 50-day moving average is $31.41 and its 200-day moving average is $31.91. Central Garden & Pet has a 1 year low of $27.70 and a 1 year high of $41.03.

Central Garden & Pet (NASDAQ:CENTA) last issued its earnings results on Wednesday, February 5th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.24. Central Garden & Pet had a net margin of 3.77% and a return on equity of 10.08%. Equities analysts expect that Central Garden & Pet will post 2.38 EPS for the current year.

Analyst Upgrades and Downgrades

CENTA has been the subject of a number of research analyst reports. Argus cut Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Truist Financial reaffirmed a “hold” rating and issued a $35.00 target price (down from $40.00) on shares of Central Garden & Pet in a research note on Wednesday, April 30th. StockNews.com raised shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Central Garden & Pet from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.00.

Central Garden & Pet Profile

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.