PNC Financial Services Group Inc. Has $302000 Stake in Central Garden & Pet Company (NASDAQ:CENTA) – Dispatch Tribunal


PNC Financial Services Group Inc. cut its stake in shares of Central Garden & Pet Company (NASDAQ:CENTA) by 21.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,038 shares of the company’s stock after selling 2,762 shares during the period. PNC Financial Services Group Inc.’s holdings in Central Garden & Pet were worth $302,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Trexquant Investment LP purchased a new stake in Central Garden & Pet during the 2nd quarter worth $210,000. AJO LP acquired a new position in Central Garden & Pet in the 2nd quarter worth $222,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Central Garden & Pet in the 2nd quarter worth $371,000. Convergence Investment Partners LLC acquired a new position in Central Garden & Pet in the 2nd quarter worth $415,000. Finally, Virginia Retirement Systems ET AL lifted its holdings in Central Garden & Pet by 121.5% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 14,400 shares of the company’s stock worth $432,000 after buying an additional 7,900 shares in the last quarter. 62.26% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on the stock. Sidoti lowered shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. Monness Crespi & Hardt started coverage on shares of Central Garden & Pet in a research report on Friday, October 20th. They issued a “buy” rating and a $44.00 target price for the company. Finally, CL King started coverage on shares of Central Garden & Pet in a research report on Friday, July 7th. They issued a “buy” rating and a $38.00 target price for the company.

Central Garden & Pet Company (NASDAQ CENTA) opened at 37.33 on Monday. Central Garden & Pet Company has a 12-month low of $21.70 and a 12-month high of $38.81. The stock has a 50 day moving average of $36.29 and a 200 day moving average of $33.14. The company has a market capitalization of $1.93 billion, a PE ratio of 28.15 and a beta of 0.33.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.11. The firm had revenue of $574.59 million during the quarter. Central Garden & Pet had a net margin of 3.49% and a return on equity of 13.66%. On average, equities research analysts predict that Central Garden & Pet Company will post $1.47 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/10/30/pnc-financial-services-group-inc-trims-stake-in-central-garden-pet-company-centa.html.

About Central Garden & Pet

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

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




Receive News & Ratings for Central Garden & Pet Company Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Central Garden & Pet Company and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *