Dimensional Fund Advisors LP Sells 34,612 Shares of Central Garden & Pet Co (CENT)

Dimensional Fund Advisors LP trimmed its holdings in shares of Central Garden & Pet Co (NASDAQ:CENT) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 981,533 shares of the company’s stock after selling 34,612 shares during the period. Dimensional Fund Advisors LP’s holdings in Central Garden & Pet were worth $38,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of CENT. Schwab Charles Investment Management Inc. grew its holdings 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 worth $1,430,000 after acquiring an additional 5,682 shares in the last quarter. Rhumbline Advisers grew its holdings in Central Garden & Pet by 5.2% during the 2nd quarter. Rhumbline Advisers now owns 20,354 shares of the company’s stock worth $647,000 after acquiring an additional 1,005 shares in the last quarter. Legal & General Group Plc grew its holdings 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 worth $569,000 after acquiring an additional 1,172 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Central Garden & Pet by 20.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock worth $100,000 after acquiring an additional 537 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Central Garden & Pet by 4.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 60,778 shares of the company’s stock worth $1,932,000 after acquiring an additional 2,462 shares in the last quarter. Institutional investors own 20.02% of the company’s stock.

Several research analysts have issued reports on the stock. KeyCorp reiterated a “hold” rating on shares of Central Garden & Pet in a report on Monday, October 16th. Sidoti lowered shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a research report on Monday, October 16th. Oppenheimer reissued a “hold” rating on shares of Central Garden & Pet in a research report on Wednesday, November 29th. CL King started coverage on shares of Central Garden & Pet in a research report on Thursday, December 7th. They set a “buy” rating and a $47.00 price target for the company. Finally, BidaskClub lowered shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Central Garden & Pet currently has a consensus rating of “Hold” and an average price target of $44.00.

Shares of Central Garden & Pet Co (CENT) opened at $36.95 on Friday. The company has a market cap of $1,860.00, a PE ratio of 24.31, a price-to-earnings-growth ratio of 2.22 and a beta of 0.03. Central Garden & Pet Co has a 1 year low of $29.08 and a 1 year high of $42.29. The company has a current ratio of 3.10, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62.

Central Garden & Pet (NASDAQ:CENT) last released its quarterly earnings results on Tuesday, November 28th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The firm 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 quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 earnings per share. equities research analysts predict that Central Garden & Pet Co will post 1.66 EPS for the current year.

In other Central Garden & Pet news, Director John Ranelli sold 46,991 shares of the 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 completion of the sale, the director now directly owns 61,317 shares of the company’s stock, valued at $2,322,074.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Nicholas Lahanas sold 7,119 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $38.78, for a total transaction of $276,074.82. Following the completion of the transaction, the chief financial officer now directly owns 27,959 shares of the company’s stock, valued at $1,084,250.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,299 shares of company stock valued at $2,673,558. Insiders own 12.60% of the company’s stock.

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About Central Garden & Pet

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.

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

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