Northern Trust Corp Has $8.04 Million Stock Holdings in Central Garden & Pet (NASDAQ:CENT)

Northern Trust Corp grew its position in shares of Central Garden & Pet (NASDAQ:CENT) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 207,076 shares of the company’s stock after purchasing an additional 3,655 shares during the period. Northern Trust Corp’s holdings in Central Garden & Pet were worth $8,035,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CENT. JPMorgan Chase & Co. boosted its stake in shares of Central Garden & Pet by 73.8% during the third quarter. JPMorgan Chase & Co. now owns 35,228 shares of the company’s stock valued at $1,285,000 after purchasing an additional 14,964 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Central Garden & Pet by 5.0% in the fourth quarter. Empowered Funds LLC now owns 48,392 shares of the company’s stock worth $1,878,000 after acquiring an additional 2,297 shares during the period. Rhumbline Advisers lifted its stake in shares of Central Garden & Pet by 1.1% in the fourth quarter. Rhumbline Advisers now owns 29,052 shares of the company’s stock worth $1,127,000 after acquiring an additional 314 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Central Garden & Pet by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 53,355 shares of the company’s stock worth $2,070,000 after acquiring an additional 2,141 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Central Garden & Pet by 3.0% in the fourth quarter. Bank of New York Mellon Corp now owns 73,883 shares of the company’s stock worth $2,867,000 after acquiring an additional 2,129 shares during the period. 16.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Truist Financial lowered Central Garden & Pet from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a research note on Wednesday, April 30th.

Central Garden & Pet Price Performance

Central Garden & Pet stock opened at $36.30 on Monday. The firm has a market cap of $2.38 billion, a P/E ratio of 19.95 and a beta of 0.73. The stock’s 50 day moving average is $35.37 and its 200 day moving average is $36.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.47 and a quick ratio of 1.97. Central Garden & Pet has a one year low of $31.97 and a one year high of $46.98.

Central Garden & Pet (NASDAQ:CENT) last issued its earnings results on Wednesday, May 7th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.10. The business had revenue of $833.54 million during the quarter, compared to the consensus estimate of $876.36 million. Central Garden & Pet had a return on equity of 10.08% and a net margin of 3.77%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. As a group, research analysts expect that Central Garden & Pet will post 2.38 EPS 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.