Central Garden & Pet (NASDAQ:CENT) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its stake in Central Garden & Pet (NASDAQ:CENT - Free Report) by 82.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,550 shares of the company's stock after selling 7,510 shares during the quarter. BNP Paribas Financial Markets' holdings in Central Garden & Pet were worth $60,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new position in shares of Central Garden & Pet in the 4th quarter valued at about $58,000. Tower Research Capital LLC TRC boosted its stake in shares of Central Garden & Pet by 201.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company's stock worth $148,000 after acquiring an additional 2,550 shares during the last quarter. Amundi grew its stake in Central Garden & Pet by 193.8% during the 4th quarter. Amundi now owns 4,201 shares of the company's stock valued at $151,000 after acquiring an additional 2,771 shares in the last quarter. Wells Fargo & Company MN lifted its position in Central Garden & Pet by 22.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,002 shares of the company's stock worth $310,000 after buying an additional 1,488 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Central Garden & Pet during the 4th quarter worth $396,000. 16.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Truist Financial cut Central Garden & Pet from a "buy" rating to a "hold" rating and set a $35.00 price objective on the stock. in a report on Wednesday, April 30th.

Insiders Place Their Bets

In related news, Chairman William E. Brown sold 7,800 shares of Central Garden & Pet stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $32.04, for a total value of $249,912.00. Following the completion of the transaction, the chairman now owns 377,383 shares in the company, valued at $12,091,351.32. The trade was a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 107,800 shares of company stock worth $3,490,112 in the last ninety days. 8.19% of the stock is owned by corporate insiders.

Central Garden & Pet Trading Down 0.4%

Shares of CENT traded down $0.13 during trading on Thursday, reaching $35.34. 55,546 shares of the company traded hands, compared to its average volume of 171,693. The stock has a 50-day simple moving average of $35.43 and a 200-day simple moving average of $36.93. The stock has a market cap of $2.31 billion, a PE ratio of 19.40 and a beta of 0.72. Central Garden & Pet has a twelve month low of $31.97 and a twelve month high of $43.88. The company has a quick ratio of 1.97, a current ratio of 3.47 and a debt-to-equity ratio of 0.78.

Central Garden & Pet (NASDAQ:CENT - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.10. The firm had revenue of $833.54 million for the quarter, compared to analyst estimates of $876.36 million. Central Garden & Pet had a return on equity of 10.08% and a net margin of 3.77%. Central Garden & Pet's revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. On average, analysts anticipate that Central Garden & Pet will post 2.38 earnings per share for the current year.

Central Garden & Pet Company Profile

Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on 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, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish, and small animals, as well as outdoor cushions.