American International Group Inc. grew its stake in shares of SiteOne Landscape Supply Inc (NYSE:SITE) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,718 shares of the industrial products company’s stock after buying an additional 215 shares during the quarter. American International Group Inc. owned 0.07% of SiteOne Landscape Supply worth $1,477,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of SiteOne Landscape Supply by 67.9% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,431,340 shares of the industrial products company’s stock valued at $134,380,000 after purchasing an additional 983,117 shares in the last quarter. Capital World Investors purchased a new position in shares of SiteOne Landscape Supply during the third quarter valued at approximately $53,228,000. Brown Advisory Inc. grew its position in SiteOne Landscape Supply by 92.7% during the fourth quarter. Brown Advisory Inc. now owns 793,021 shares of the industrial products company’s stock valued at $43,829,000 after buying an additional 381,468 shares during the period. Victory Capital Management Inc. grew its position in SiteOne Landscape Supply by 25.5% during the fourth quarter. Victory Capital Management Inc. now owns 997,275 shares of the industrial products company’s stock valued at $55,120,000 after buying an additional 202,625 shares during the period. Finally, JPMorgan Chase & Co. grew its position in SiteOne Landscape Supply by 106.3% during the third quarter. JPMorgan Chase & Co. now owns 384,031 shares of the industrial products company’s stock valued at $28,932,000 after buying an additional 197,886 shares during the period.
SITE has been the subject of a number of research reports. ValuEngine upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Zacks Investment Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Wednesday, January 9th. UBS Group set a $58.00 price target on shares of SiteOne Landscape Supply and gave the stock a “hold” rating in a report on Wednesday, February 20th. Berenberg Bank reiterated a “buy” rating and set a $76.00 target price on shares of SiteOne Landscape Supply in a report on Wednesday, March 6th. Finally, TheStreet lowered shares of SiteOne Landscape Supply from a “c” rating to a “d+” rating in a research report on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $73.90.
SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Tuesday, February 19th. The industrial products company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. The business had revenue of $474.60 million during the quarter, compared to analysts’ expectations of $473.18 million. SiteOne Landscape Supply had a return on equity of 27.46% and a net margin of 3.50%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. On average, sell-side analysts predict that SiteOne Landscape Supply Inc will post 1.9 earnings per share for the current fiscal year.
In related news, EVP Pascal Convers sold 9,750 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $54.79, for a total transaction of $534,202.50. Following the sale, the executive vice president now owns 9,750 shares of the company’s stock, valued at $534,202.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 29,250 shares of company stock worth $1,688,993. Corporate insiders own 4.10% of the company’s stock.
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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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