Champlain Investment Partners LLC Increases Holdings in Central Garden & Pet (NASDAQ:CENTA)

Champlain Investment Partners LLC increased its stake in shares of Central Garden & Pet (NASDAQ:CENTAGet Rating) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,771,670 shares of the company’s stock after buying an additional 124,430 shares during the quarter. Champlain Investment Partners LLC owned about 3.21% of Central Garden & Pet worth $84,774,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. purchased a new stake in Central Garden & Pet in the first quarter valued at $56,000. SG Americas Securities LLC raised its position in Central Garden & Pet by 194.9% in the third quarter. SG Americas Securities LLC now owns 6,320 shares of the company’s stock valued at $272,000 after purchasing an additional 4,177 shares during the period. Victory Capital Management Inc. raised its position in Central Garden & Pet by 6.6% in the third quarter. Victory Capital Management Inc. now owns 24,091 shares of the company’s stock valued at $1,036,000 after purchasing an additional 1,500 shares during the period. PNC Financial Services Group Inc. raised its position in Central Garden & Pet by 7.6% in the third quarter. PNC Financial Services Group Inc. now owns 9,025 shares of the company’s stock valued at $387,000 after purchasing an additional 634 shares during the period. Finally, Swiss National Bank raised its position in Central Garden & Pet by 1.4% in the third quarter. Swiss National Bank now owns 89,600 shares of the company’s stock valued at $3,853,000 after purchasing an additional 1,200 shares during the period. Hedge funds and other institutional investors own 68.74% of the company’s stock.

Shares of Central Garden & Pet stock traded up $1.66 on Thursday, hitting $41.71. The stock had a trading volume of 222,348 shares, compared to its average volume of 182,353. The company’s 50 day moving average price is $41.79 and its 200 day moving average price is $44.13. The company has a current ratio of 2.85, a quick ratio of 1.34 and a debt-to-equity ratio of 0.92. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 14.99 and a beta of 0.56. Central Garden & Pet has a 52-week low of $39.30 and a 52-week high of $53.96.

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Central Garden & Pet from $47.00 to $49.00 in a research note on Thursday, April 14th. Zacks Investment Research raised Central Garden & Pet from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Monday. Finally, StockNews.com started coverage on Central Garden & Pet in a research note on Thursday, March 31st. They set a “hold” rating for the company.

About Central Garden & Pet (Get Rating)

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 grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.

Further Reading

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

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