Central Garden & Pet Sees Increase in Stake by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP has increased its stake in Central Garden & Pet by 0.9% in the fourth quarter, according to recent filings with the Securities and Exchange Commission. The firm now owns over 2.7 million shares of the company’s stock, valued at over $120 million. This move indicates confidence in Central Garden & Pet’s future performance.

Other hedge funds have also made changes to their positions in the company, with notable increases in stake by William Blair Investment Management LLC, The Manufacturers Life Insurance Company, Charles Schwab Investment Management Inc., Assenagon Asset Management S.A., and CQS US LLC. These investments show a positive outlook on Central Garden & Pet’s growth potential.

Central Garden & Pet’s stock performance has been strong, with shares trading at $39.90 on Monday. Analysts have also been optimistic about the company, with upgrades and price target increases from JPMorgan Chase & Co., Monness Crespi & Hardt, StockNews.com, and Truist Financial. This positive sentiment is reflected in the consensus rating of “Moderate Buy” for Central Garden & Pet.

In terms of insider transactions, CAO Howard Machek recently sold shares of Central Garden & Pet stock, while insider John D. Walker III also sold shares. These transactions indicate confidence in the company’s future performance.

Central Garden & Pet is a leading producer and distributor of products for the lawn and garden, and pet supplies markets in the United States. With a strong market presence and positive investor sentiment, the company is poised for continued growth and success in the future.