Nordea Investment Management AB Boosts Holdings in Central Garden & Pet Company $CENTA

Nordea Investment Management AB raised its position in Central Garden & Pet Company (NASDAQ:CENTA) by 22.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 212,850 shares of the company’s stock after buying an additional 39,339 shares during the quarter. Nordea Investment Management AB’s holdings in Central Garden & Pet were worth $6,230,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Central Garden & Pet by 15.9% during the first quarter. Royal Bank of Canada now owns 18,471 shares of the company’s stock worth $605,000 after acquiring an additional 2,532 shares during the period. AQR Capital Management LLC boosted its holdings in Central Garden & Pet by 56.8% in the 1st quarter. AQR Capital Management LLC now owns 48,438 shares of the company’s stock valued at $1,585,000 after purchasing an additional 17,556 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Central Garden & Pet by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,421 shares of the company’s stock valued at $996,000 after purchasing an additional 743 shares in the last quarter. Millennium Management LLC increased its position in Central Garden & Pet by 179.2% during the 1st quarter. Millennium Management LLC now owns 180,907 shares of the company’s stock worth $5,921,000 after purchasing an additional 116,101 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Central Garden & Pet by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 263,518 shares of the company’s stock worth $8,625,000 after buying an additional 12,749 shares in the last quarter. Institutional investors and hedge funds own 50.82% of the company’s stock.

Central Garden & Pet Stock Down 2.9%

Central Garden & Pet stock opened at $29.28 on Friday. Central Garden & Pet Company has a fifty-two week low of $25.97 and a fifty-two week high of $37.35. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 11.48 and a beta of 0.65. The stock’s fifty day moving average is $29.57 and its two-hundred day moving average is $30.97. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.33 and a current ratio of 3.67.

Central Garden & Pet (NASDAQ:CENTA) last released its quarterly earnings data on Monday, November 24th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.11. The business had revenue of $678.00 million for the quarter, compared to analyst estimates of $657.86 million. Central Garden & Pet had a net margin of 5.20% and a return on equity of 11.17%. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. Analysts predict that Central Garden & Pet Company will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. KeyCorp restated an “overweight” rating on shares of Central Garden & Pet in a research note on Wednesday, December 17th. Weiss Ratings downgraded Central Garden & Pet from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. Wall Street Zen cut shares of Central Garden & Pet from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Canaccord Genuity Group upgraded shares of Central Garden & Pet to a “buy” rating in a report on Friday. Finally, Zacks Research downgraded shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Central Garden & Pet currently has a consensus rating of “Hold” and an average target price of $40.75.

Central Garden & Pet Company Profile

Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.

The company’s Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.