Credit Suisse AG reduced its position in SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) by 11.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,615 shares of the industrial products company’s stock after selling 13,967 shares during the period. Credit Suisse AG owned about 0.24% of SiteOne Landscape Supply worth $14,729,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. First Republic Investment Management Inc. increased its position in shares of SiteOne Landscape Supply by 0.8% during the first quarter. First Republic Investment Management Inc. now owns 10,557 shares of the industrial products company’s stock valued at $1,707,000 after purchasing an additional 88 shares during the period. Eagle Bay Advisors LLC grew its stake in shares of SiteOne Landscape Supply by 23.5% in the 1st quarter. Eagle Bay Advisors LLC now owns 609 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 116 shares during the period. Captrust Financial Advisors raised its holdings in shares of SiteOne Landscape Supply by 3.3% in the 4th quarter. Captrust Financial Advisors now owns 3,589 shares of the industrial products company’s stock worth $421,000 after buying an additional 116 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of SiteOne Landscape Supply by 0.7% during the 1st quarter. Treasurer of the State of North Carolina now owns 19,448 shares of the industrial products company’s stock worth $2,662,000 after buying an additional 140 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in SiteOne Landscape Supply by 12.7% in the 1st quarter. Guggenheim Capital LLC now owns 1,245 shares of the industrial products company’s stock valued at $201,000 after buying an additional 140 shares in the last quarter.
Analyst Ratings Changes
Several research analysts have issued reports on SITE shares. Deutsche Bank Aktiengesellschaft dropped their price objective on SiteOne Landscape Supply from $163.00 to $153.00 in a research note on Friday, May 5th. Truist Financial lifted their price target on shares of SiteOne Landscape Supply from $177.00 to $187.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. StockNews.com initiated coverage on shares of SiteOne Landscape Supply in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Loop Capital lifted their target price on shares of SiteOne Landscape Supply from $155.00 to $175.00 in a research note on Thursday, May 4th. Finally, Robert W. Baird boosted their target price on SiteOne Landscape Supply from $163.00 to $170.00 in a report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $164.00.
Insider Activity
In related news, CEO Doug Black sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $156.79, for a total transaction of $1,254,320.00. Following the completion of the sale, the chief executive officer now directly owns 564,886 shares of the company’s stock, valued at $88,568,475.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Doug Black sold 8,000 shares of SiteOne Landscape Supply stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $156.79, for a total transaction of $1,254,320.00. Following the completion of the sale, the chief executive officer now directly owns 564,886 shares of the company’s stock, valued at $88,568,475.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John T. Guthrie sold 1,028 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $164.47, for a total value of $169,075.16. Following the completion of the transaction, the chief financial officer now directly owns 15,050 shares in the company, valued at approximately $2,475,273.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,928 shares of company stock valued at $3,226,035. 2.70% of the stock is currently owned by insiders.
SiteOne Landscape Supply Stock Up 0.4 %
NYSE:SITE opened at $157.43 on Friday. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 37.57, a P/E/G ratio of 8.08 and a beta of 1.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.06 and a current ratio of 2.32. The stock’s fifty day moving average price is $163.84 and its two-hundred day moving average price is $150.89. SiteOne Landscape Supply, Inc. has a 52-week low of $97.36 and a 52-week high of $176.16.
SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. SiteOne Landscape Supply had a return on equity of 14.31% and a net margin of 4.59%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.07 earnings per share. On average, analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.98 EPS for the current year.
SiteOne Landscape Supply 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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