Citigroup Inc. lifted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 112.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,725 shares of the industrial products company’s stock after buying an additional 3,036 shares during the period. Citigroup Inc.’s holdings in SiteOne Landscape Supply were worth $298,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Great West Life Assurance Co. Can increased its stake in SiteOne Landscape Supply by 191.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,789 shares of the industrial products company’s stock valued at $197,000 after purchasing an additional 2,489 shares in the last quarter. Amalgamated Bank purchased a new position in SiteOne Landscape Supply in the 2nd quarter valued at approximately $201,000. BNP Paribas Arbitrage SA grew its holdings in SiteOne Landscape Supply by 1,167.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,283 shares of the industrial products company’s stock valued at $223,000 after buying an additional 3,945 shares during the last quarter. Atria Investments LLC acquired a new stake in SiteOne Landscape Supply during the 2nd quarter valued at $260,000. Finally, UBS Group AG grew its holdings in SiteOne Landscape Supply by 456.8% during the 1st quarter. UBS Group AG now owns 6,125 shares of the industrial products company’s stock valued at $297,000 after buying an additional 5,025 shares during the last quarter.
A number of equities research analysts have commented on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 target price on shares of SiteOne Landscape Supply in a report on Monday, September 18th. BidaskClub upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Zacks Investment Research cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Deutsche Bank AG restated a “buy” rating and set a $60.00 price objective (up previously from $55.00) on shares of SiteOne Landscape Supply in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.33.
SiteOne Landscape Supply, Inc. (NYSE:SITE) opened at 62.86 on Friday. SiteOne Landscape Supply, Inc. has a one year low of $26.60 and a one year high of $63.90. The firm has a market cap of $2.50 billion, a PE ratio of 58.75 and a beta of 2.26. The company has a 50-day moving average price of $58.19 and a 200-day moving average price of $52.59.
SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.04). SiteOne Landscape Supply had a net margin of 2.46% and a return on equity of 27.37%. The company had revenue of $608.60 million for the quarter, compared to analysts’ expectations of $607.94 million. During the same quarter in the prior year, the firm earned ($3.18) earnings per share. The company’s revenue was up 18.5% on a year-over-year basis. Equities analysts predict that SiteOne Landscape Supply, Inc. will post $1.31 earnings per share for the current fiscal year.
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SiteOne Landscape Supply Profile
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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