Picton Mahoney Asset Management increased its stake in shares of SiteOne Landscape Supply Inc (NYSE:SITE) by 6.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 19,300 shares of the industrial products company’s stock after purchasing an additional 1,200 shares during the period. Picton Mahoney Asset Management’s holdings in SiteOne Landscape Supply were worth $1,454,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Synovus Financial Corp boosted its position in SiteOne Landscape Supply by 155.6% in the 3rd quarter. Synovus Financial Corp now owns 1,687 shares of the industrial products company’s stock valued at $128,000 after buying an additional 1,027 shares during the period. Public Employees Retirement Association of Colorado purchased a new position in SiteOne Landscape Supply in the 3rd quarter valued at approximately $302,000. SG Americas Securities LLC boosted its position in SiteOne Landscape Supply by 87.6% in the 2nd quarter. SG Americas Securities LLC now owns 4,104 shares of the industrial products company’s stock valued at $345,000 after buying an additional 1,916 shares during the period. Strs Ohio boosted its position in SiteOne Landscape Supply by 246.2% in the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $377,000 after buying an additional 3,200 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in SiteOne Landscape Supply by 62.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,735 shares of the industrial products company’s stock valued at $397,000 after buying an additional 1,813 shares during the period.
In related news, CEO Doug Black sold 12,000 shares of SiteOne Landscape Supply stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $90.01, for a total transaction of $1,080,120.00. Following the sale, the chief executive officer now directly owns 398,228 shares in the company, valued at approximately $35,844,502.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John T. Guthrie sold 10,000 shares of SiteOne Landscape Supply stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $89.90, for a total transaction of $899,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,700 shares of company stock valued at $7,310,225. Corporate insiders own 4.40% of the company’s stock.
SiteOne Landscape Supply stock opened at $62.91 on Friday. The firm has a market cap of $2.72 billion, a PE ratio of 37.85 and a beta of 1.52. SiteOne Landscape Supply Inc has a 12-month low of $58.70 and a 12-month high of $95.49. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.72 and a quick ratio of 1.29.
SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, October 31st. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). The firm had revenue of $578.50 million for the quarter, compared to analysts’ expectations of $590.23 million. SiteOne Landscape Supply had a return on equity of 31.11% and a net margin of 3.90%. SiteOne Landscape Supply’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. As a group, sell-side analysts forecast that SiteOne Landscape Supply Inc will post 1.97 earnings per share for the current year.
Several equities analysts have commented on SITE shares. Goldman Sachs Group started coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, October 2nd. They issued a “buy” rating and a $111.00 price target for the company. ValuEngine cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Jefferies Financial Group started coverage on shares of SiteOne Landscape Supply in a research report on Friday, October 12th. They issued a “buy” rating and a $80.00 price target for the company. Barclays raised their price target on shares of SiteOne Landscape Supply from $67.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Finally, Zacks Investment Research cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. SiteOne Landscape Supply currently has a consensus rating of “Buy” and an average price target of $80.33.
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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.
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