Envestnet Asset Management Inc. increased its holdings in Central Garden & Pet Co (NASDAQ:CENT) by 104.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,273 shares of the company’s stock after acquiring an additional 2,185 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Central Garden & Pet were worth $166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CENT. Texas Permanent School Fund increased its stake in shares of Central Garden & Pet by 1.5% in the 2nd quarter. Texas Permanent School Fund now owns 7,458 shares of the company’s stock worth $237,000 after acquiring an additional 108 shares in the last quarter. Sei Investments Co. increased its stake in Central Garden & Pet by 8.9% during the 2nd quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock valued at $148,000 after purchasing an additional 380 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Central Garden & Pet by 14.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 44,976 shares of the company’s stock valued at $1,430,000 after purchasing an additional 5,682 shares in the last quarter. Rhumbline Advisers increased its stake in Central Garden & Pet by 5.2% during the 2nd quarter. Rhumbline Advisers now owns 20,354 shares of the company’s stock valued at $647,000 after purchasing an additional 1,005 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Central Garden & Pet by 7.0% during the 2nd quarter. Legal & General Group Plc now owns 17,881 shares of the company’s stock valued at $569,000 after purchasing an additional 1,172 shares in the last quarter. Institutional investors own 20.02% of the company’s stock.

Shares of Central Garden & Pet Co (CENT) opened at $39.13 on Thursday. The firm has a market cap of $1,950.00, a PE ratio of 25.74, a price-to-earnings-growth ratio of 2.34 and a beta of 0.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 3.10. Central Garden & Pet Co has a 12 month low of $29.08 and a 12 month high of $42.29.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings results on Tuesday, November 28th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $490.46 million for the quarter, compared to analysts’ expectations of $439.07 million. Central Garden & Pet had a net margin of 3.84% and a return on equity of 12.81%. The business’s revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. equities research analysts predict that Central Garden & Pet Co will post 1.66 earnings per share for the current year.

A number of research firms have weighed in on CENT. Zacks Investment Research lowered shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. KeyCorp restated a “hold” rating on shares of Central Garden & Pet in a research note on Wednesday, September 6th. Oppenheimer restated a “hold” rating on shares of Central Garden & Pet in a research note on Wednesday, November 29th. BidaskClub lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Sidoti lowered shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Central Garden & Pet presently has an average rating of “Hold” and a consensus price target of $44.00.

In other news, CFO Nicholas Lahanas sold 7,119 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $38.78, for a total transaction of $276,074.82. Following the sale, the chief financial officer now owns 27,959 shares of the company’s stock, valued at approximately $1,084,250.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Ranelli sold 46,991 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $37.87, for a total transaction of $1,779,549.17. Following the sale, the director now directly owns 61,317 shares in the company, valued at approximately $2,322,074.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,299 shares of company stock worth $2,673,558. Insiders own 11.60% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Envestnet Asset Management Inc. Raises Position in Central Garden & Pet Co (CENT)” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://theolympiareport.com/2017/12/28/envestnet-asset-management-inc-raises-position-in-central-garden-pet-co-cent.html.

Central Garden & Pet Profile

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

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

Receive News & Ratings for Central Garden & Pet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Garden & Pet and related companies with Analyst Ratings Network's FREE daily email newsletter.