Legal & General Group Plc lessened its holdings in SiteOne Landscape Supply Inc (NYSE:SITE) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,471 shares of the industrial products company’s stock after selling 667 shares during the quarter. Legal & General Group Plc’s holdings in SiteOne Landscape Supply were worth $960,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of SITE. Oppenheimer Asset Management Inc. acquired a new stake in SiteOne Landscape Supply in the 1st quarter valued at $225,000. Sphera Funds Management LTD. acquired a new stake in SiteOne Landscape Supply in the 1st quarter valued at $231,000. Xact Kapitalforvaltning AB acquired a new stake in SiteOne Landscape Supply in the 4th quarter valued at $294,000. Barclays PLC grew its stake in SiteOne Landscape Supply by 30.1% in the 1st quarter. Barclays PLC now owns 8,107 shares of the industrial products company’s stock valued at $624,000 after acquiring an additional 1,874 shares during the period. Finally, FDx Advisors Inc. grew its stake in SiteOne Landscape Supply by 10.0% in the 1st quarter. FDx Advisors Inc. now owns 8,743 shares of the industrial products company’s stock valued at $674,000 after acquiring an additional 792 shares during the period.
A number of research firms recently issued reports on SITE. TheStreet raised shares of SiteOne Landscape Supply from a “c” rating to a “b-” rating in a research note on Thursday. Zacks Investment Research lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Royal Bank of Canada raised their price objective on SiteOne Landscape Supply to $110.00 and gave the company a “positive” rating in a report on Wednesday, June 27th. Robert W. Baird lowered SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a report on Tuesday, July 3rd. Finally, Barclays raised their price objective on SiteOne Landscape Supply from $67.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. SiteOne Landscape Supply presently has a consensus rating of “Buy” and a consensus target price of $79.29.
SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.07). The company had revenue of $687.80 million during the quarter, compared to analysts’ expectations of $689.21 million. SiteOne Landscape Supply had a net margin of 3.39% and a return on equity of 28.71%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. sell-side analysts expect that SiteOne Landscape Supply Inc will post 2.03 EPS for the current year.
In other SiteOne Landscape Supply news, CEO Doug Black sold 12,000 shares of SiteOne Landscape Supply stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $78.02, for a total value of $936,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Joseph Ketter sold 3,000 shares of SiteOne Landscape Supply stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $93.67, for a total value of $281,010.00. Following the completion of the transaction, the vice president now directly owns 8,396 shares of the company’s stock, valued at $786,453.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 208,575 shares of company stock valued at $18,366,776. 4.40% of the stock is currently owned by corporate insiders.
SiteOne Landscape Supply Profile
SiteOne Landscape Supply, Inc, through its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation supplies; fertilizer and control products, such as herbicides; landscape accessories; nursery goods outdoor lighting; and ice melt products, as well as hardscapes, including pavers, natural stones, and blocks; turf protection products; grass seed; and turf care equipment and golf course maintenance supplies, as well as value-added consultative services to its customers.
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