SiteOne Landscape Supply Inc (SITE) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC cut its holdings in shares of SiteOne Landscape Supply Inc (NYSE:SITE) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,734 shares of the industrial products company’s stock after selling 6,882 shares during the period. TIAA CREF Investment Management LLC owned 0.21% of SiteOne Landscape Supply worth $6,346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Koch Industries Inc. purchased a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at approximately $595,000. Neuberger Berman Group LLC purchased a new position in shares of SiteOne Landscape Supply during the third quarter valued at approximately $24,028,000. Dimensional Fund Advisors LP purchased a new position in shares of SiteOne Landscape Supply during the third quarter valued at approximately $4,291,000. AGF Investments Inc. purchased a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at approximately $3,835,000. Finally, Thrivent Financial For Lutherans purchased a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at approximately $45,412,000.

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Several research firms have recently issued reports on SITE. Zacks Investment Research raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Barclays reissued an “equal weight” rating and set a $67.00 target price (up from $65.00) on shares of SiteOne Landscape Supply in a research note on Wednesday, February 21st. SunTrust Banks boosted their target price on SiteOne Landscape Supply to $89.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. UBS set a $71.00 target price on SiteOne Landscape Supply and gave the company a “sell” rating in a research note on Wednesday, February 21st. Finally, Royal Bank of Canada set a $85.00 target price on SiteOne Landscape Supply and gave the company a “buy” rating in a research note on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. SiteOne Landscape Supply has an average rating of “Buy” and an average price target of $74.67.

In related news, CEO Doug Black sold 12,000 shares of the company’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $75.32, for a total value of $903,840.00. Following the sale, the chief executive officer now directly owns 403,228 shares of the company’s stock, valued at $30,371,132.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO John T. Guthrie sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $74.89, for a total value of $748,900.00. Following the completion of the sale, the chief financial officer now directly owns 48,186 shares in the company, valued at $3,608,649.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,840 shares of company stock worth $3,115,300. 4.40% of the stock is owned by insiders.

Shares of SITE stock opened at $77.28 on Monday. The firm has a market capitalization of $3,072.72, a P/E ratio of 63.87 and a beta of 1.32. SiteOne Landscape Supply Inc has a twelve month low of $46.00 and a twelve month high of $80.56. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.28 and a current ratio of 2.92.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The company had revenue of $415.70 million for the quarter, compared to analysts’ expectations of $410.38 million. SiteOne Landscape Supply had a return on equity of 27.59% and a net margin of 2.93%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.14) earnings per share. equities analysts anticipate that SiteOne Landscape Supply Inc will post 1.9 earnings per share for the current fiscal year.

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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.

Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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