Natixis Advisors LLC Sells 25,786 Shares of SiteOne Landscape Supply, Inc. $SITE

Natixis Advisors LLC lessened its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 15.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,389 shares of the industrial products company’s stock after selling 25,786 shares during the period. Natixis Advisors LLC owned about 0.31% of SiteOne Landscape Supply worth $17,696,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SITE. Allworth Financial LP lifted its holdings in shares of SiteOne Landscape Supply by 61.2% in the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. NewEdge Advisors LLC grew its holdings in SiteOne Landscape Supply by 36.6% during the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after buying an additional 107 shares in the last quarter. HM Payson & Co. grew its holdings in SiteOne Landscape Supply by 32.2% during the third quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock worth $51,000 after buying an additional 97 shares in the last quarter. Tower Research Capital LLC TRC raised its position in SiteOne Landscape Supply by 145.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock valued at $55,000 after buying an additional 270 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in SiteOne Landscape Supply by 276.5% in the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the industrial products company’s stock valued at $58,000 after buying an additional 329 shares during the last quarter.

SiteOne Landscape Supply Trading Up 0.1%

Shares of SiteOne Landscape Supply stock opened at $135.29 on Thursday. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $168.56. The firm has a market cap of $6.01 billion, a PE ratio of 40.26, a P/E/G ratio of 1.75 and a beta of 1.59. The stock has a fifty day moving average price of $144.11 and a 200-day moving average price of $135.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.47 and a quick ratio of 1.20.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.09. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.28%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.48) EPS. Equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Eric J. Elema sold 1,765 shares of the business’s stock in a transaction dated 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 directly owned 2,911 shares in the company, valued at $459,967.11. The trade was a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

SITE has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of SiteOne Landscape Supply from $134.00 to $150.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Stifel Nicolaus set a $144.00 target price on shares of SiteOne Landscape Supply in a report on Monday, February 9th. Truist Financial raised their price target on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Bank of America started coverage on shares of SiteOne Landscape Supply in a report on Thursday, December 18th. They set a “buy” rating and a $147.00 price target on the stock. Finally, Zacks Research upgraded shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, SiteOne Landscape Supply currently has an average rating of “Hold” and an average price target of $159.44.

SiteOne Landscape Supply Profile

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.