Tokio Marine Asset Management Co. Ltd. Sells 800 Shares of Central Garden & Pet (NASDAQ:CENT)

Tokio Marine Asset Management Co. Ltd. cut its stake in Central Garden & Pet (NASDAQ:CENT) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,300 shares of the company’s stock after selling 800 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Central Garden & Pet were worth $558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of CENT. DekaBank Deutsche Girozentrale purchased a new position in Central Garden & Pet during the second quarter worth about $51,000. SG Americas Securities LLC purchased a new position in shares of Central Garden & Pet in the 3rd quarter worth approximately $111,000. Point72 Asset Management L.P. bought a new position in shares of Central Garden & Pet in the second quarter valued at approximately $113,000. EntryPoint Capital LLC increased its position in shares of Central Garden & Pet by 909.2% during the first quarter. EntryPoint Capital LLC now owns 4,269 shares of the company’s stock valued at $183,000 after acquiring an additional 3,846 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Central Garden & Pet during the second quarter valued at approximately $187,000. Institutional investors own 16.13% of the company’s stock.

Insider Activity at Central Garden & Pet

In related news, Director John Ranelli sold 2,500 shares of Central Garden & Pet stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $34.28, for a total value of $85,700.00. Following the completion of the transaction, the director now directly owns 822 shares in the company, valued at approximately $28,178.16. The trade was a 75.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman William E. Brown sold 60,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $33.54, for a total transaction of $2,012,400.00. Following the sale, the chairman now directly owns 1,125,773 shares in the company, valued at $37,758,426.42. The trade was a 5.06 % decrease in their position. The disclosure for this sale can be found here. 9.53% of the stock is currently owned by company insiders.

Central Garden & Pet Stock Performance

NASDAQ:CENT opened at $36.92 on Friday. The company has a market capitalization of $2.49 billion, a P/E ratio of 17.01 and a beta of 0.75. The business has a fifty day simple moving average of $35.78 and a two-hundred day simple moving average of $38.86. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.66 and a quick ratio of 2.16. Central Garden & Pet has a 1 year low of $30.75 and a 1 year high of $47.48.

Wall Street Analysts Forecast Growth

CENT has been the topic of several research analyst reports. Truist Financial cut their price objective on Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Canaccord Genuity Group reissued a “buy” rating and issued a $48.00 price target on shares of Central Garden & Pet in a report on Monday, September 30th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $47.50.

Central Garden & Pet Company Profile

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 containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.