GSA Capital Partners LLP bought a new position in shares of SiteOne Landscape Supply Inc (NYSE:SITE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,138 shares of the industrial products company’s stock, valued at approximately $1,228,000. GSA Capital Partners LLP owned approximately 0.05% of SiteOne Landscape Supply as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of SITE. Janus Henderson Group PLC acquired a new stake in SiteOne Landscape Supply in the second quarter valued at approximately $11,758,000. Schwab Charles Investment Management Inc. grew its position in SiteOne Landscape Supply by 69.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 147,751 shares of the industrial products company’s stock valued at $7,692,000 after acquiring an additional 60,473 shares in the last quarter. Northern Trust Corp grew its position in SiteOne Landscape Supply by 114.4% in the second quarter. Northern Trust Corp now owns 433,782 shares of the industrial products company’s stock valued at $22,583,000 after acquiring an additional 231,495 shares in the last quarter. FMR LLC grew its position in SiteOne Landscape Supply by 288.4% in the second quarter. FMR LLC now owns 2,017,984 shares of the industrial products company’s stock valued at $105,056,000 after acquiring an additional 1,498,436 shares in the last quarter. Finally, Legal & General Group Plc grew its position in SiteOne Landscape Supply by 199.7% in the second quarter. Legal & General Group Plc now owns 8,172 shares of the industrial products company’s stock valued at $423,000 after acquiring an additional 5,445 shares in the last quarter.
In other SiteOne Landscape Supply news, EVP Pascal Convers sold 9,750 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $74.25, for a total value of $723,937.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Joseph Ketter sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $71.67, for a total value of $179,175.00. Following the completion of the sale, the vice president now owns 7,716 shares in the company, valued at $553,005.72. The disclosure for this sale can be found here. Insiders sold 94,887 shares of company stock worth $6,704,265 over the last quarter. 4.00% of the stock is currently owned by company insiders.
Shares of SiteOne Landscape Supply Inc (NYSE:SITE) traded up $0.08 on Friday, reaching $71.48. The company had a trading volume of 179,786 shares, compared to its average volume of 296,732. SiteOne Landscape Supply Inc has a 52-week low of $35.68 and a 52-week high of $77.40. The company has a market capitalization of $2,840.00 and a PE ratio of 66.80. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.69 and a quick ratio of 1.21.
SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.14). SiteOne Landscape Supply had a return on equity of 26.42% and a net margin of 2.49%. The firm had revenue of $502.40 million for the quarter, compared to the consensus estimate of $506.28 million. During the same quarter last year, the business earned $0.36 earnings per share. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. sell-side analysts predict that SiteOne Landscape Supply Inc will post 1.23 EPS for the current year.
Several analysts have issued reports on the stock. UBS Group increased their price objective on shares of SiteOne Landscape Supply from $54.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $63.00 price objective on shares of SiteOne Landscape Supply in a research report on Monday, September 18th. Robert W. Baird raised their price target on shares of SiteOne Landscape Supply from $58.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Barclays raised their price target on shares of SiteOne Landscape Supply from $48.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. Finally, BidaskClub raised shares of SiteOne Landscape Supply from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 21st. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $67.50.
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SiteOne Landscape Supply Company 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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