Bamco Inc. NY lowered its position in shares of SiteOne Landscape Supply Inc (NYSE:SITE) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,584,206 shares of the industrial products company’s stock after selling 70,493 shares during the quarter. Bamco Inc. NY owned 3.94% of SiteOne Landscape Supply worth $122,047,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in SITE. We Are One Seven LLC bought a new position in SiteOne Landscape Supply during the fourth quarter valued at about $156,000. Catalyst Capital Advisors LLC bought a new position in SiteOne Landscape Supply during the fourth quarter valued at about $161,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in SiteOne Landscape Supply by 57.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,305 shares of the industrial products company’s stock valued at $177,000 after buying an additional 843 shares in the last quarter. First Allied Advisory Services Inc. bought a new position in SiteOne Landscape Supply during the fourth quarter valued at about $204,000. Finally, Xact Kapitalforvaltning AB bought a new position in SiteOne Landscape Supply during the fourth quarter valued at about $294,000.
Several research analysts recently weighed in on the company. Deutsche Bank raised their target price on SiteOne Landscape Supply from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, May 4th. Zacks Investment Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Royal Bank of Canada set a $85.00 price target on SiteOne Landscape Supply and gave the company a “buy” rating in a research report on Wednesday, February 14th. UBS set a $71.00 price target on SiteOne Landscape Supply and gave the company a “sell” rating in a research report on Wednesday, February 21st. Finally, Barclays reiterated an “equal weight” rating and issued a $67.00 price target (up previously from $65.00) on shares of SiteOne Landscape Supply in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $78.17.
SiteOne Landscape Supply opened at $80.67 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 2.89, a current ratio of 2.48 and a quick ratio of 0.99. SiteOne Landscape Supply Inc has a 1-year low of $76.67 and a 1-year high of $77.64. The firm has a market capitalization of $3.10 billion, a P/E ratio of 66.67 and a beta of 1.44.
SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, May 2nd. The industrial products company reported ($0.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.14). SiteOne Landscape Supply had a net margin of 2.53% and a return on equity of 22.27%. The company had revenue of $371.40 million during the quarter, compared to analyst estimates of $374.41 million. During the same quarter last year, the business earned ($0.26) EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. research analysts expect that SiteOne Landscape Supply Inc will post 1.92 EPS for the current fiscal year.
In related news, CEO Doug Black sold 12,000 shares of the stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $75.32, for a total value of $903,840.00. Following the completion of the sale, the chief executive officer now directly owns 403,228 shares of the company’s stock, valued at approximately $30,371,132.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ross Anker sold 1,821 shares of the stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $73.33, for a total value of $133,533.93. The disclosure for this sale can be found here. Insiders sold a total of 59,581 shares of company stock valued at $4,554,176 in the last quarter. 4.40% of the stock is currently owned by corporate insiders.
SiteOne Landscape Supply Company Profile
SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.
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