United Services Automobile Association Acquires 53,435 Shares of Central Garden & Pet Co (CENTA)

United Services Automobile Association boosted its position in Central Garden & Pet Co (NASDAQ:CENTA) by 63.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,500 shares of the company’s stock after purchasing an additional 53,435 shares during the period. United Services Automobile Association owned about 0.26% of Central Garden & Pet worth $5,565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CENTA. BlackRock Inc. lifted its position in Central Garden & Pet by 7.5% in the second quarter. BlackRock Inc. now owns 4,948,232 shares of the company’s stock valued at $200,254,000 after purchasing an additional 346,209 shares during the period. Royal Bank of Canada lifted its position in Central Garden & Pet by 37.9% in the first quarter. Royal Bank of Canada now owns 562,128 shares of the company’s stock valued at $22,267,000 after purchasing an additional 154,550 shares during the period. Acadian Asset Management LLC acquired a new stake in Central Garden & Pet in the second quarter valued at about $5,914,000. Natixis acquired a new stake in Central Garden & Pet in the first quarter valued at about $5,594,000. Finally, State of Wisconsin Investment Board lifted its position in shares of Central Garden & Pet by 25.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 574,405 shares of the company’s stock valued at $23,246,000 after acquiring an additional 117,778 shares during the period. Hedge funds and other institutional investors own 63.49% of the company’s stock.

CENTA stock opened at $29.81 on Friday. Central Garden & Pet Co has a 12-month low of $29.71 and a 12-month high of $41.97. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.42 and a quick ratio of 2.57. The company has a market cap of $1.73 billion, a PE ratio of 19.87, a P/E/G ratio of 1.45 and a beta of 0.08.

Central Garden & Pet (NASDAQ:CENTA) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.79 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.79. Central Garden & Pet had a net margin of 5.32% and a return on equity of 14.69%. The company had revenue of $657.94 million during the quarter. On average, analysts forecast that Central Garden & Pet Co will post 1.89 earnings per share for the current year.

CENTA has been the subject of a number of research reports. KeyCorp initiated coverage on shares of Central Garden & Pet in a research report on Thursday. They set an “overweight” rating and a $39.00 price target for the company. ValuEngine downgraded shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Bank of America initiated coverage on shares of Central Garden & Pet in a research report on Monday, September 10th. They set a “buy” rating and a $44.00 price target for the company. Finally, BMO Capital Markets initiated coverage on shares of Central Garden & Pet in a research report on Monday, August 13th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Central Garden & Pet currently has an average rating of “Buy” and an average target price of $43.50.

Central Garden & Pet Company Profile

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 comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.

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Institutional Ownership by Quarter for Central Garden & Pet (NASDAQ:CENTA)

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