Principal Financial Group Inc. cut its holdings in Central Garden & Pet Company (NASDAQ:CENT) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,958 shares of the company’s stock after selling 3,580 shares during the quarter. Principal Financial Group Inc. owned 0.16% of Central Garden & Pet worth $2,637,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BNP Paribas Arbitrage SA increased its holdings in shares of Central Garden & Pet by 20.7% during the second quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock valued at $100,000 after acquiring an additional 537 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Central Garden & Pet by 65.7% during the first quarter. PNC Financial Services Group Inc. now owns 4,140 shares of the company’s stock valued at $153,000 after acquiring an additional 1,641 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Central Garden & Pet by 39.4% during the first quarter. Sei Investments Co. now owns 4,253 shares of the company’s stock valued at $158,000 after acquiring an additional 1,201 shares in the last quarter. Thrivent Financial For Lutherans bought a new stake in shares of Central Garden & Pet during the first quarter valued at approximately $212,000. Finally, Alliancebernstein L.P. bought a new stake in shares of Central Garden & Pet during the first quarter valued at approximately $222,000. 20.19% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Brooks Pennington III sold 2,226 shares of Central Garden & Pet stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $33.58, for a total value of $74,749.08. Following the completion of the sale, the director now owns 48,365 shares of the company’s stock, valued at $1,624,096.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael A. Reed sold 15,016 shares of Central Garden & Pet stock in a transaction on Monday, August 7th. The stock was sold at an average price of $34.31, for a total value of $515,198.96. Following the completion of the sale, the insider now directly owns 135,008 shares of the company’s stock, valued at approximately $4,632,124.48. The disclosure for this sale can be found here. Insiders sold 76,890 shares of company stock valued at $2,612,545 in the last ninety days. 11.60% of the stock is currently owned by corporate insiders.

Several brokerages recently issued reports on CENT. Zacks Investment Research upgraded Central Garden & Pet from a “sell” rating to a “hold” rating and set a $41.00 price target for the company in a report on Friday, August 4th. KeyCorp reiterated a “hold” rating on shares of Central Garden & Pet in a report on Wednesday, September 6th. BidaskClub upgraded Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Monday, July 24th. CL King began coverage on Central Garden & Pet in a report on Friday, July 7th. They set a “buy” rating and a $38.00 price target for the company. Finally, Sidoti upgraded Central Garden & Pet from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $39.00.

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Central Garden & Pet Company (NASDAQ CENT) opened at 38.67 on Friday. The company has a market cap of $2.00 billion, a P/E ratio of 29.16 and a beta of 0.11. Central Garden & Pet Company has a 52 week low of $22.97 and a 52 week high of $39.83. The firm has a 50-day moving average price of $36.47 and a 200-day moving average price of $34.48.

Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.11. Central Garden & Pet had a return on equity of 13.66% and a net margin of 3.49%. The company had revenue of $574.59 million during the quarter, compared to analyst estimates of $544.26 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. Central Garden & Pet’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that Central Garden & Pet Company will post $1.52 EPS for the current fiscal year.

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.

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

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