SiteOne Landscape Supply Inc (SITE) Shares Bought by Barclays PLC

Barclays PLC lifted its stake in SiteOne Landscape Supply Inc (NYSE:SITE) by 30.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,107 shares of the industrial products company’s stock after purchasing an additional 1,874 shares during the quarter. Barclays PLC’s holdings in SiteOne Landscape Supply were worth $624,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Blair William & Co. IL raised its position in shares of SiteOne Landscape Supply by 270.4% in the 1st quarter. Blair William & Co. IL now owns 63,308 shares of the industrial products company’s stock valued at $4,877,000 after purchasing an additional 46,215 shares during the last quarter. Diker Management LLC raised its position in SiteOne Landscape Supply by 9.0% during the 1st quarter. Diker Management LLC now owns 84,500 shares of the industrial products company’s stock worth $6,510,000 after buying an additional 7,000 shares during the last quarter. Lisanti Capital Growth LLC purchased a new position in SiteOne Landscape Supply during the 1st quarter worth approximately $1,574,000. Gluskin Sheff & Assoc Inc. raised its position in SiteOne Landscape Supply by 78.6% during the 1st quarter. Gluskin Sheff & Assoc Inc. now owns 91,534 shares of the industrial products company’s stock worth $7,052,000 after buying an additional 40,296 shares during the last quarter. Finally, BB&T Securities LLC raised its position in SiteOne Landscape Supply by 5.2% during the 1st quarter. BB&T Securities LLC now owns 17,951 shares of the industrial products company’s stock worth $1,382,000 after buying an additional 892 shares during the last quarter.

In other news, CEO Doug Black sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $91.99, for a total transaction of $1,103,880.00. Following the sale, the chief executive officer now owns 403,228 shares of the company’s stock, valued at approximately $37,092,943.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP L Briley Brisendine, Jr. sold 1,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $88.32, for a total transaction of $141,312.00. Following the sale, the executive vice president now directly owns 25,708 shares in the company, valued at approximately $2,270,530.56. The disclosure for this sale can be found here. Insiders have sold a total of 95,501 shares of company stock worth $7,865,013 in the last ninety days. Corporate insiders own 4.40% of the company’s stock.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Royal Bank of Canada raised their price target on shares of SiteOne Landscape Supply to $110.00 and gave the stock a “positive” rating in a research report on Wednesday. ValuEngine raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Finally, Deutsche Bank raised their price target on shares of SiteOne Landscape Supply from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. SiteOne Landscape Supply currently has a consensus rating of “Buy” and an average price target of $82.00.

SiteOne Landscape Supply opened at $83.73 on Friday, according to MarketBeat. SiteOne Landscape Supply Inc has a 12-month low of $48.19 and a 12-month high of $95.49. The company has a quick ratio of 0.99, a current ratio of 2.48 and a debt-to-equity ratio of 2.89. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 69.20 and a beta of 1.49.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, May 2nd. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.14). The business had revenue of $371.40 million for the quarter, compared to analysts’ expectations of $374.41 million. SiteOne Landscape Supply had a return on equity of 22.27% and a net margin of 2.53%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.26) earnings per share. analysts expect that SiteOne Landscape Supply Inc will post 1.99 EPS for the current year.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply, Inc, through its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation supplies; fertilizer and control products, such as herbicides; landscape accessories; nursery goods outdoor lighting; and ice melt products, as well as hardscapes, including pavers, natural stones, and blocks; turf protection products; grass seed; and turf care equipment and golf course maintenance supplies, as well as value-added consultative services to its customers.

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

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