Zurcher Kantonalbank Zurich Cantonalbank raised its position in SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) by 11.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,197 shares of the industrial products company’s stock after acquiring an additional 731 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SiteOne Landscape Supply were worth $985,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new stake in shares of SiteOne Landscape Supply during the 2nd quarter valued at about $29,000. Bessemer Group Inc. boosted its stake in shares of SiteOne Landscape Supply by 383.3% during the 4th quarter. Bessemer Group Inc. now owns 261 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 207 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in shares of SiteOne Landscape Supply by 910.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 303 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 273 shares in the last quarter. Covestor Ltd boosted its stake in shares of SiteOne Landscape Supply by 113.5% during the 1st quarter. Covestor Ltd now owns 331 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 176 shares in the last quarter. Finally, Key Financial Inc bought a new stake in shares of SiteOne Landscape Supply during the 1st quarter valued at about $62,000.
Insider Activity
In other news, EVP L Briley Brisendine, Jr. sold 2,900 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $464,000.00. Following the completion of the transaction, the executive vice president now directly owns 8,322 shares of the company’s stock, valued at $1,331,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 1,028 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $164.47, for a total transaction of $169,075.16. Following the completion of the sale, the chief financial officer now directly owns 15,050 shares of the company’s stock, valued at $2,475,273.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP L Briley Brisendine, Jr. sold 2,900 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $464,000.00. Following the sale, the executive vice president now directly owns 8,322 shares of the company’s stock, valued at $1,331,520. The disclosure for this sale can be found here. Insiders sold 11,928 shares of company stock valued at $1,971,715 over the last three months. Insiders own 2.70% of the company’s stock.
Analyst Upgrades and Downgrades
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SiteOne Landscape Supply Trading Down 1.2 %
Shares of NYSE SITE opened at $159.86 on Thursday. The firm’s 50 day moving average price is $163.60 and its 200-day moving average price is $150.83. The company has a market cap of $7.20 billion, a PE ratio of 38.15, a P/E/G ratio of 8.42 and a beta of 1.48. SiteOne Landscape Supply, Inc. has a 52-week low of $97.36 and a 52-week high of $176.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.06 and a current ratio of 2.32.
SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.02. SiteOne Landscape Supply had a net margin of 4.59% and a return on equity of 14.31%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company earned $3.07 earnings per share. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.98 EPS for the current fiscal year.
SiteOne Landscape Supply Company Profile
SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 155,000 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.
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