SG Americas Securities LLC Has $7.76 Million Stock Position in SiteOne Landscape Supply, Inc. $SITE

SG Americas Securities LLC lowered its stake in SiteOne Landscape Supply, Inc. (NYSE:SITEFree Report) by 44.2% during the first quarter, HoldingsChannel reports. The firm owned 58,315 shares of the industrial products company’s stock after selling 46,226 shares during the period. SG Americas Securities LLC’s holdings in SiteOne Landscape Supply were worth $7,762,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Millennium Management LLC boosted its holdings in shares of SiteOne Landscape Supply by 45.9% in the first quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock worth $9,126,000 after buying an additional 23,657 shares during the period. NewEdge Advisors LLC lifted its position in shares of SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 107 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of SiteOne Landscape Supply by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock valued at $25,907,000 after acquiring an additional 11,574 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in SiteOne Landscape Supply by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company’s stock worth $20,679,000 after purchasing an additional 16,378 shares during the period. Finally, Jane Street Group LLC acquired a new position in SiteOne Landscape Supply in the 1st quarter worth approximately $6,797,000.

SiteOne Landscape Supply Price Performance

SITE opened at $116.34 on Friday. The stock has a fifty day moving average price of $117.95 and a 200 day moving average price of $130.79. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. SiteOne Landscape Supply, Inc. has a 1 year low of $100.52 and a 1 year high of $168.56. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 1.56 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITEGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). The firm had revenue of $940.10 million for the quarter, compared to analysts’ expectations of $982.27 million. SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the business earned ($0.61) earnings per share. Analysts forecast that SiteOne Landscape Supply, Inc. will post 4.06 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group reissued a “neutral” rating on shares of SiteOne Landscape Supply in a research note on Thursday. Robert W. Baird set a $160.00 price target on SiteOne Landscape Supply in a report on Thursday, April 30th. Bank of America dropped their price target on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Stifel Nicolaus reduced their price objective on SiteOne Landscape Supply from $157.00 to $153.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Finally, Weiss Ratings lowered SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $159.70.

Read Our Latest Stock Report on SiteOne Landscape Supply

Insider Buying and Selling

In related news, Director Fred M. Diaz sold 563 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $115.13, for a total value of $64,818.19. Following the transaction, the director owned 11,829 shares in the company, valued at approximately $1,361,872.77. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company’s stock.

SiteOne Landscape Supply Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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