Dynamic Technology Lab Private Ltd Invests $1.01 Million in Central Garden & Pet (NASDAQ:CENTA)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Central Garden & Pet (NASDAQ:CENTA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,241 shares of the company’s stock, valued at approximately $1,012,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Central Garden & Pet by 30.2% in the first quarter. Vanguard Group Inc. now owns 5,636,319 shares of the company’s stock worth $208,093,000 after purchasing an additional 1,306,309 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Central Garden & Pet by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,653,753 shares of the company’s stock worth $120,682,000 after buying an additional 29,780 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Central Garden & Pet by 1.2% during the third quarter. Victory Capital Management Inc. now owns 2,942,422 shares of the company’s stock valued at $92,392,000 after acquiring an additional 36,251 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Central Garden & Pet by 1.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,100,751 shares of the company’s stock valued at $65,964,000 after acquiring an additional 38,077 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Central Garden & Pet by 43.0% in the second quarter. American Century Companies Inc. now owns 941,509 shares of the company’s stock valued at $31,098,000 after acquiring an additional 283,045 shares in the last quarter. Institutional investors own 50.82% of the company’s stock.

Central Garden & Pet Trading Up 1.1 %

Shares of Central Garden & Pet stock opened at $34.13 on Thursday. Central Garden & Pet has a twelve month low of $27.70 and a twelve month high of $41.03. The company has a quick ratio of 2.16, a current ratio of 3.66 and a debt-to-equity ratio of 0.75. The business has a 50-day moving average price of $30.82 and a 200-day moving average price of $33.23. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 21.41 and a beta of 0.73.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CENTA shares. StockNews.com cut Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. cut their price objective on shares of Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $41.33.

Insider Buying and Selling at Central Garden & Pet

In other Central Garden & Pet news, Chairman William E. Brown sold 60,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $33.54, for a total transaction of $2,012,400.00. Following the completion of the transaction, the chairman now owns 1,125,773 shares in the company, valued at $37,758,426.42. This trade represents a 5.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 20.28% of the stock is currently owned by company insiders.

About Central Garden & Pet

Central Garden & Pet Company produces and distributes various 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 provides 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, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.