State of Wisconsin Investment Board Buys 97,500 Shares of SiteOne Landscape Supply Inc (NYSE:SITE)

State of Wisconsin Investment Board increased its stake in SiteOne Landscape Supply Inc (NYSE:SITE) by 59.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 261,500 shares of the industrial products company’s stock after purchasing an additional 97,500 shares during the period. State of Wisconsin Investment Board’s holdings in SiteOne Landscape Supply were worth $14,945,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can raised its holdings in shares of SiteOne Landscape Supply by 108.0% during the 4th quarter. Bank of Montreal Can now owns 570 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 296 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of SiteOne Landscape Supply by 44.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 9,125 shares of the industrial products company’s stock worth $504,000 after acquiring an additional 2,810 shares during the period. Xact Kapitalforvaltning AB raised its holdings in shares of SiteOne Landscape Supply by 33.1% during the 4th quarter. Xact Kapitalforvaltning AB now owns 8,437 shares of the industrial products company’s stock worth $466,000 after acquiring an additional 2,100 shares during the period. Rhumbline Advisers raised its holdings in shares of SiteOne Landscape Supply by 47.1% during the 4th quarter. Rhumbline Advisers now owns 52,921 shares of the industrial products company’s stock worth $2,925,000 after acquiring an additional 16,938 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of SiteOne Landscape Supply during the 4th quarter worth $1,832,000.

In other SiteOne Landscape Supply news, EVP Ross Anker sold 60,346 shares of SiteOne Landscape Supply stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $66.64, for a total value of $4,021,457.44. Following the completion of the transaction, the executive vice president now directly owns 55,602 shares of the company’s stock, valued at approximately $3,705,317.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Pascal Convers sold 9,750 shares of SiteOne Landscape Supply stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $63.74, for a total value of $621,465.00. Following the completion of the transaction, the executive vice president now directly owns 9,750 shares of the company’s stock, valued at $621,465. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,691 shares of company stock valued at $6,297,126. 4.10% of the stock is currently owned by corporate insiders.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Friday, May 24th. UBS Group set a $58.00 price target on SiteOne Landscape Supply and gave the stock a “hold” rating in a report on Friday, May 3rd. Berenberg Bank set a $76.00 price target on SiteOne Landscape Supply and gave the stock a “buy” rating in a report on Friday, May 3rd. Royal Bank of Canada set a $61.00 price target on SiteOne Landscape Supply and gave the stock a “hold” rating in a report on Thursday, May 2nd. Finally, TheStreet upgraded SiteOne Landscape Supply from a “d+” rating to a “c-” rating in a report on Monday, April 29th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $74.10.

Shares of NYSE:SITE traded down $0.76 during midday trading on Wednesday, reaching $65.34. 6,183 shares of the company’s stock were exchanged, compared to its average volume of 443,470. The company has a current ratio of 2.38, a quick ratio of 0.94 and a debt-to-equity ratio of 2.87. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 38.08 and a beta of 1.10. SiteOne Landscape Supply Inc has a fifty-two week low of $45.32 and a fifty-two week high of $95.49.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.11). The business had revenue of $417.30 million for the quarter, compared to analyst estimates of $425.91 million. SiteOne Landscape Supply had a return on equity of 23.17% and a net margin of 3.10%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.43) earnings per share. As a group, equities research analysts predict that SiteOne Landscape Supply Inc will post 1.81 earnings per share for the current fiscal year.

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SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 120,000 stock keeping units, including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, outdoor lightings, and ice melt products, as well as hardscapes, such as pavers, natural stones, and blocks.

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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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