SiteOne Landscape Supply, Inc. (NYSE:SITE) Stake Boosted by MAI Capital Management

MAI Capital Management grew its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITEGet Rating) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,327 shares of the industrial products company’s stock after purchasing an additional 134 shares during the quarter. MAI Capital Management’s holdings in SiteOne Landscape Supply were worth $564,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Arizona State Retirement System boosted its position in shares of SiteOne Landscape Supply by 0.5% during the third quarter. Arizona State Retirement System now owns 12,102 shares of the industrial products company’s stock worth $2,414,000 after buying an additional 66 shares during the period. Catalyst Capital Advisors LLC boosted its position in shares of SiteOne Landscape Supply by 111.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 148 shares of the industrial products company’s stock worth $36,000 after buying an additional 78 shares during the period. Argent Trust Co lifted its position in SiteOne Landscape Supply by 6.7% in the fourth quarter. Argent Trust Co now owns 1,525 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 96 shares during the period. Voya Financial Advisors Inc. lifted its position in SiteOne Landscape Supply by 5.7% in the third quarter. Voya Financial Advisors Inc. now owns 1,861 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 100 shares during the period. Finally, Sigma Planning Corp lifted its position in SiteOne Landscape Supply by 8.2% in the fourth quarter. Sigma Planning Corp now owns 1,325 shares of the industrial products company’s stock worth $321,000 after purchasing an additional 100 shares during the period.

In other SiteOne Landscape Supply news, CEO Doug Black sold 17,365 shares of the company’s stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $175.78, for a total transaction of $3,052,419.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 52,193 shares of company stock valued at $8,426,900 over the last 90 days. Corporate insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply stock opened at $125.63 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.32 and a quick ratio of 0.89. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 21.89 and a beta of 1.32. SiteOne Landscape Supply, Inc. has a one year low of $117.82 and a one year high of $260.00. The company’s fifty day moving average price is $150.69 and its two-hundred day moving average price is $188.85.

SiteOne Landscape Supply (NYSE:SITEGet Rating) last posted its earnings results on Wednesday, May 4th. The industrial products company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.16 by $0.54. The firm had revenue of $805.30 million for the quarter, compared to the consensus estimate of $742.01 million. SiteOne Landscape Supply had a net margin of 7.25% and a return on equity of 25.59%. The business’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. As a group, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 5.71 earnings per share for the current year.

A number of equities research analysts have weighed in on the company. Truist Financial cut their target price on SiteOne Landscape Supply from $275.00 to $200.00 and set a “hold” rating for the company in a research report on Thursday, February 17th. Robert W. Baird cut their target price on SiteOne Landscape Supply from $232.00 to $171.00 in a research report on Thursday, May 5th. StockNews.com assumed coverage on SiteOne Landscape Supply in a research report on Thursday, March 31st. They set a “hold” rating for the company. UBS Group upgraded SiteOne Landscape Supply from a “sell” rating to a “neutral” rating and cut their price objective for the company from $170.00 to $165.00 in a research report on Monday, March 28th. They noted that the move was a valuation call. Finally, TheStreet downgraded SiteOne Landscape Supply from a “b-” rating to a “c+” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $184.88.

SiteOne Landscape Supply Company Profile (Get Rating)

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 135,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.

Further Reading

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

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