Bank of New York Mellon Corp Has $4.94 Million Holdings in Central Garden & Pet Co (CENT)

Bank of New York Mellon Corp raised its stake in Central Garden & Pet Co (NASDAQ:CENT) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,132 shares of the company’s stock after buying an additional 4,260 shares during the quarter. Bank of New York Mellon Corp owned 0.26% of Central Garden & Pet worth $4,943,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. GW&K Investment Management LLC lifted its stake in Central Garden & Pet by 1.2% in the third quarter. GW&K Investment Management LLC now owns 452,195 shares of the company’s stock valued at $16,297,000 after buying an additional 5,350 shares during the period. Wells Fargo & Company MN raised its position in shares of Central Garden & Pet by 19.7% during the third quarter. Wells Fargo & Company MN now owns 1,100,725 shares of the company’s stock worth $39,671,000 after purchasing an additional 180,781 shares during the period. Russell Investments Group Ltd. raised its position in shares of Central Garden & Pet by 23.4% during the third quarter. Russell Investments Group Ltd. now owns 140,452 shares of the company’s stock worth $5,063,000 after purchasing an additional 26,676 shares during the period. Simplex Trading LLC raised its position in shares of Central Garden & Pet by 739.0% during the third quarter. Simplex Trading LLC now owns 9,648 shares of the company’s stock worth $347,000 after purchasing an additional 8,498 shares during the period. Finally, First Hawaiian Bank acquired a new stake in shares of Central Garden & Pet during the third quarter worth about $427,000. 24.36% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ CENT opened at $30.38 on Thursday. The stock has a market cap of $1.62 billion, a PE ratio of 15.91 and a beta of 0.14. The company has a current ratio of 5.10, a quick ratio of 3.12 and a debt-to-equity ratio of 0.72. Central Garden & Pet Co has a one year low of $29.56 and a one year high of $45.02.

Central Garden & Pet (NASDAQ:CENT) last released its quarterly earnings results on Wednesday, February 6th. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.06). The business had revenue of $462.00 million for the quarter, compared to analyst estimates of $487.52 million. Central Garden & Pet had a return on equity of 11.19% and a net margin of 4.44%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 EPS. Research analysts anticipate that Central Garden & Pet Co will post 1.8 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on CENT shares. ValuEngine raised Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Tuesday, January 22nd. BidaskClub raised Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. Finally, Zacks Investment Research raised Central Garden & Pet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $44.17.

In related news, General Counsel George A. Yuhas sold 16,251 shares of the stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $30.50, for a total transaction of $495,655.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Edwards acquired 2,930 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were purchased at an average price of $34.07 per share, with a total value of $99,825.10. Following the completion of the acquisition, the director now owns 2,930 shares of the company’s stock, valued at approximately $99,825.10. The disclosure for this purchase can be found here. 10.35% of the stock is currently owned by company insiders.

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Central Garden & Pet 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, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.

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

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