UBS Asset Management Americas Inc. bought a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,300 shares of the industrial products company’s stock, valued at approximately $219,000.
Other institutional investors have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky increased its position in shares of SiteOne Landscape Supply by 23.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 23,902 shares of the industrial products company’s stock worth $830,000 after buying an additional 4,514 shares in the last quarter. Ranger Investment Management L.P. boosted its stake in shares of SiteOne Landscape Supply by 41.9% in the fourth quarter. Ranger Investment Management L.P. now owns 452,090 shares of the industrial products company’s stock valued at $15,701,000 after buying an additional 133,495 shares during the last quarter. Tudor Investment Corp Et Al purchased a new stake in shares of SiteOne Landscape Supply during the fourth quarter valued at approximately $925,000. Loomis Sayles & Co. L P boosted its stake in shares of SiteOne Landscape Supply by 40.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 573,763 shares of the industrial products company’s stock valued at $19,927,000 after buying an additional 166,162 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of SiteOne Landscape Supply by 1,349.6% in the fourth quarter. Two Sigma Investments LP now owns 121,459 shares of the industrial products company’s stock valued at $4,218,000 after buying an additional 113,080 shares during the last quarter. Institutional investors own 87.31% of the company’s stock.
Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) traded up 2.13% on Monday, hitting $50.80. The company had a trading volume of 933,220 shares. The company’s market capitalization is $2.02 billion. SiteOne Landscape Supply, Inc. has a 12-month low of $26.60 and a 12-month high of $53.52. The firm has a 50-day moving average price of $50.22 and a 200 day moving average price of $42.58.
SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, May 10th. The industrial products company reported ($0.26) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.01. The company had revenue of $335 million during the quarter, compared to analyst estimates of $335.53 million. SiteOne Landscape Supply had a return on equity of 22.88% and a net margin of 1.55%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.85) earnings per share. Equities analysts expect that SiteOne Landscape Supply, Inc. will post $1.38 EPS for the current year.
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A number of equities research analysts have issued reports on SITE shares. Barclays PLC upped their target price on SiteOne Landscape Supply from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 16th. Zacks Investment Research upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Wednesday, April 19th. Johnson Rice initiated coverage on SiteOne Landscape Supply in a report on Monday, May 8th. They set an “accumulate” rating for the company. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $52.00 price target on shares of SiteOne Landscape Supply in a report on Monday, May 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $43.60.
In other news, CEO Doug Black purchased 6,200 shares of the stock in a transaction on Thursday, May 25th. The shares were acquired at an average price of $50.76 per share, for a total transaction of $314,712.00. Following the completion of the transaction, the chief executive officer now directly owns 400,743 shares of the company’s stock, valued at approximately $20,341,714.68. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder & Co Deere sold 3,998,550 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $46.08, for a total value of $184,253,184.00. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.
About SiteOne Landscape Supply
SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.
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