Ellevest Inc. Buys 374 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)
Ellevest Inc. grew its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) by 122.2{6d6906d986cb38e604952ede6d65f3d49470e23f1a526661621333fa74363c48} in the first quarter, HoldingsChannel reports. The fund owned 680 shares of the industrial products company’s stock after acquiring an additional 374 shares during the period. Ellevest Inc.’s holdings in SiteOne Landscape Supply were worth $110,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in SITE. LPL Financial LLC raised its stake in shares of SiteOne Landscape Supply by 21.1{6d6906d986cb38e604952ede6d65f3d49470e23f1a526661621333fa74363c48} during the third quarter. LPL Financial LLC now owns 14,470 shares of the industrial products company’s stock worth $2,886,000 after buying an additional 2,522 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of SiteOne Landscape Supply by 38.8{6d6906d986cb38e604952ede6d65f3d49470e23f1a526661621333fa74363c48} during the third quarter. Janus Henderson Group PLC now owns 11,459 shares of the industrial products company’s stock worth $2,286,000 after buying an additional 3,205 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of SiteOne Landscape Supply by 3.9{6d6906d986cb38e604952ede6d65f3d49470e23f1a526661621333fa74363c48} during the third quarter. Bank of New York Mellon Corp now owns 364,003 shares of the industrial products company’s stock worth $72,607,000 after buying an additional 13,760 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of SiteOne Landscape Supply by 32.4{6d6906d986cb38e604952ede6d65f3d49470e23f1a526661621333fa74363c48} during the third quarter. UBS Asset Management Americas Inc. now owns 73,514 shares of the industrial products company’s stock worth $14,664,000 after buying an additional 17,978 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of SiteOne Landscape Supply during the fourth quarter worth approximately $499,000.
In related news, CEO Doug Black sold 17,431 shares of the stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $149.12, for a total transaction of $2,599,310.72. Following the completion of the transaction, the chief executive officer now owns 468,918 shares in the company, valued at $69,925,052.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.70{6d6906d986cb38e604952ede6d65f3d49470e23f1a526661621333fa74363c48} of the company’s stock.
A number of research analysts recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of SiteOne Landscape Supply from $232.00 to $171.00 in a report on Thursday, May 5th. TheStreet cut shares of SiteOne Landscape Supply from a “b-” rating to a “c+” rating in a report on Wednesday, May 18th. Loop Capital decreased their price objective on shares of SiteOne Landscape Supply from $190.00 to $170.00 and set a “hold” rating for the company in a report on Thursday, April 7th. StockNews.com assumed coverage on shares of SiteOne Landscape Supply in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, William Blair restated an “outperform” rating on shares of SiteOne Landscape Supply in a report on Friday, March 11th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $178.86.
SiteOne Landscape Supply stock opened at $120.19 on Friday. The stock has a market capitalization of $5.40 billion, a PE ratio of 20.94 and a beta of 1.32. SiteOne Landscape Supply, Inc. has a twelve month low of $108.77 and a twelve month high of $260.00. The company has a quick ratio of 0.89, a current ratio of 2.32 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $128.18 and a 200-day moving average of $163.75.
SiteOne Landscape Supply (NYSE:SITE – Get Rating) last announced 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. SiteOne Landscape Supply had a net margin of 7.25{6d6906d986cb38e604952ede6d65f3d49470e23f1a526661621333fa74363c48} and a return on equity of 25.59{6d6906d986cb38e604952ede6d65f3d49470e23f1a526661621333fa74363c48}. The business had revenue of $805.30 million during the quarter, compared to analysts’ expectations of $742.01 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The firm’s revenue was up 23.9{6d6906d986cb38e604952ede6d65f3d49470e23f1a526661621333fa74363c48} on a year-over-year basis. Equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 5.72 EPS for the current fiscal year.
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.
Featured Stories
Want to see what other hedge funds are holding SITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating).
Receive News & Ratings for SiteOne Landscape Supply Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for SiteOne Landscape Supply and related companies with MarketBeat.com’s FREE daily email newsletter.