Bamco Inc. NY lifted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,028,366 shares of the industrial products company’s stock after buying an additional 61,490 shares during the period. SiteOne Landscape Supply comprises 0.7% of Bamco Inc. NY’s investment portfolio, making the stock its 25th biggest holding. Bamco Inc. NY’s holdings in SiteOne Landscape Supply were worth $252,653,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Comerica Bank raised its stake in shares of SiteOne Landscape Supply by 24.4% during the 4th quarter. Comerica Bank now owns 134,716 shares of the industrial products company’s stock worth $16,780,000 after buying an additional 26,436 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of SiteOne Landscape Supply in the 3rd quarter worth approximately $1,932,000. Magnetar Financial LLC grew its holdings in shares of SiteOne Landscape Supply by 41.0% in the 3rd quarter. Magnetar Financial LLC now owns 46,669 shares of the industrial products company’s stock worth $6,011,000 after acquiring an additional 13,572 shares during the period. Interval Partners LP acquired a new stake in shares of SiteOne Landscape Supply in the 3rd quarter worth approximately $12,720,000. Finally, 59 North Capital Management LP acquired a new stake in shares of SiteOne Landscape Supply in the 3rd quarter worth approximately $214,417,000.
Analyst Ratings Changes
A number of research firms recently weighed in on SITE. Robert W. Baird set a $160.00 price target on SiteOne Landscape Supply in a report on Thursday, April 30th. Stifel Nicolaus upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price target on the stock in a report on Monday, May 4th. Weiss Ratings cut SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Thursday, April 30th. Finally, UBS Group began coverage on SiteOne Landscape Supply in a report on Friday, April 10th. They issued a “neutral” rating and a $140.00 price target on the stock. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $160.10.
SiteOne Landscape Supply Price Performance
Shares of NYSE:SITE opened at $105.49 on Thursday. The business’s fifty day moving average price is $121.39 and its two-hundred day moving average price is $131.86. The stock has a market cap of $4.67 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 1.40 and a beta of 1.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33. SiteOne Landscape Supply, Inc. has a one year low of $100.52 and a one year high of $168.56.
SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last announced its earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). The company had revenue of $940.10 million for the quarter, compared to analyst estimates of $982.27 million. SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. SiteOne Landscape Supply’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.61) EPS. On average, analysts forecast that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current fiscal year.
Insider Buying and Selling
In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 562 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $112.52, for a total transaction of $63,236.24. Following the sale, the director owned 11,267 shares in the company, valued at approximately $1,267,762.84. This represents a 4.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.10% of the company’s stock.
About SiteOne Landscape Supply
SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.
In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.
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