Natixis Advisors LLC Reduces Stock Holdings in SiteOne Landscape Supply, Inc. $SITE

Natixis Advisors LLC trimmed its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 15.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 137,389 shares of the industrial products company’s stock after selling 25,786 shares during the quarter. Natixis Advisors LLC’s holdings in SiteOne Landscape Supply were worth $17,696,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Bamco Inc. NY raised its stake in shares of SiteOne Landscape Supply by 14.2% in the second quarter. Bamco Inc. NY now owns 1,941,817 shares of the industrial products company’s stock valued at $234,843,000 after buying an additional 242,106 shares during the period. State Street Corp grew its stake in shares of SiteOne Landscape Supply by 1.7% during the 2nd quarter. State Street Corp now owns 777,354 shares of the industrial products company’s stock worth $94,013,000 after acquiring an additional 12,766 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of SiteOne Landscape Supply by 4.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 732,391 shares of the industrial products company’s stock worth $94,327,000 after acquiring an additional 31,019 shares during the period. American Century Companies Inc. increased its holdings in SiteOne Landscape Supply by 20.6% in the 2nd quarter. American Century Companies Inc. now owns 629,029 shares of the industrial products company’s stock worth $76,075,000 after acquiring an additional 107,465 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in SiteOne Landscape Supply by 20.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 538,556 shares of the industrial products company’s stock valued at $69,366,000 after acquiring an additional 90,205 shares during the period.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, EVP Eric J. Elema sold 1,765 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $158.01, for a total value of $278,887.65. Following the transaction, the executive vice president owned 2,911 shares of the company’s stock, valued at approximately $459,967.11. This represents a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $135.29 on Thursday. The company has a 50 day moving average of $144.11 and a 200 day moving average of $135.24. The stock has a market cap of $6.01 billion, a P/E ratio of 40.26, a P/E/G ratio of 1.75 and a beta of 1.59. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $168.56. The company has a current ratio of 2.47, a quick ratio of 1.20 and a debt-to-equity ratio of 0.29.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.09. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.28%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company posted ($0.48) EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SITE has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, January 21st. Robert W. Baird set a $190.00 price objective on shares of SiteOne Landscape Supply in a research note on Thursday, February 12th. Royal Bank Of Canada boosted their target price on shares of SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Bank of America began coverage on SiteOne Landscape Supply in a research report on Thursday, December 18th. They set a “buy” rating and a $147.00 target price on the stock. Finally, Barclays lifted their price target on SiteOne Landscape Supply from $134.00 to $150.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $159.44.

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.