Central Garden & Pet Stock Update: GW&K Investment Management LLC Reduces Stake by 6.8%

GW&K Investment Management LLC recently reduced its stake in Central Garden & Pet by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned over 1 million shares of the company’s stock, valued at $46 million. This move comes as several other hedge funds and institutional investors have also made changes to their positions in Central Garden & Pet.

In related news, insider buying and selling activity has been reported at Central Garden & Pet. Insider John D. Walker III sold over 4,000 shares of the stock, while CAO Howard Machek sold 10,000 shares. These transactions have caught the attention of investors and analysts alike.

Central Garden & Pet’s stock has been trading up, with shares hitting $40.00 on Tuesday. The company has a market capitalization of $2.69 billion and a P/E ratio of 18.03. Analysts have recently issued ratings on CENTA stock, with a “Moderate Buy” rating and an average target price of $41.75.

Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. The company operates through two segments: Pet and Garden. With ongoing developments and changes in ownership, Central Garden & Pet continues to be a key player in the industry.

For more information on Central Garden & Pet and to stay updated on the latest news and developments, investors can sign up for alerts and access the company’s latest stock report.