Allspring Global Investments Holdings LLC Lowers Position in Central Garden & Pet Company $CENTA

Allspring Global Investments Holdings LLC lowered its holdings in Central Garden & Pet Company (NASDAQ:CENTA) by 8.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,770,073 shares of the company’s stock after selling 154,281 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Central Garden & Pet were worth $56,837,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Illinois Municipal Retirement Fund lifted its position in Central Garden & Pet by 1.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 33,050 shares of the company’s stock worth $1,071,000 after buying an additional 443 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in Central Garden & Pet by 8.1% during the first quarter. Hillsdale Investment Management Inc. now owns 228,500 shares of the company’s stock valued at $7,408,000 after acquiring an additional 17,100 shares during the last quarter. ABC Arbitrage SA bought a new position in Central Garden & Pet during the first quarter valued at approximately $259,000. Fifth Third Bancorp raised its stake in shares of Central Garden & Pet by 5,366.1% during the first quarter. Fifth Third Bancorp now owns 11,916 shares of the company’s stock worth $386,000 after acquiring an additional 11,698 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Central Garden & Pet by 12.2% during the first quarter. Hsbc Holdings PLC now owns 48,176 shares of the company’s stock worth $1,567,000 after acquiring an additional 5,231 shares in the last quarter. Institutional investors own 50.82% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on CENTA shares. Wall Street Zen raised shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Central Garden & Pet in a research note on Tuesday, July 7th. Zacks Research downgraded Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. boosted their target price on Central Garden & Pet from $32.00 to $37.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Canaccord Genuity Group dropped their target price on Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.67.

Central Garden & Pet Stock Down 1.8%

Shares of NASDAQ CENTA opened at $38.29 on Friday. The firm has a fifty day simple moving average of $36.46 and a two-hundred day simple moving average of $33.71. Central Garden & Pet Company has a 12 month low of $25.97 and a 12 month high of $39.99. The company has a current ratio of 3.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $2.40 billion, a PE ratio of 13.92 and a beta of 0.57.

Central Garden & Pet (NASDAQ:CENTA) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.21. Central Garden & Pet had a return on equity of 11.55% and a net margin of 5.42%.The business had revenue of $906.15 million for the quarter, compared to analysts’ expectations of $846.58 million. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. Equities analysts expect that Central Garden & Pet Company will post 2.89 earnings per share for the current year.

Central Garden & Pet Profile

Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.

The company’s Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.