Synovus Financial Corp boosted its holdings in shares of SiteOne Landscape Supply Inc (NYSE:SITE) by 155.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,687 shares of the industrial products company’s stock after purchasing an additional 1,027 shares during the period. Synovus Financial Corp’s holdings in SiteOne Landscape Supply were worth $128,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in SITE. Public Employees Retirement Association of Colorado acquired a new stake in SiteOne Landscape Supply during the 3rd quarter valued at $302,000. SG Americas Securities LLC increased its holdings in SiteOne Landscape Supply by 87.6% during the 2nd quarter. SG Americas Securities LLC now owns 4,104 shares of the industrial products company’s stock valued at $345,000 after purchasing an additional 1,916 shares in the last quarter. Strs Ohio increased its holdings in SiteOne Landscape Supply by 246.2% during the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 3,200 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in SiteOne Landscape Supply by 62.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,735 shares of the industrial products company’s stock valued at $397,000 after purchasing an additional 1,813 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in SiteOne Landscape Supply by 78.8% during the 2nd quarter. Sei Investments Co. now owns 4,993 shares of the industrial products company’s stock valued at $419,000 after purchasing an additional 2,201 shares in the last quarter.
NYSE SITE opened at $62.91 on Friday. The firm has a market capitalization of $2.72 billion, a PE ratio of 51.99 and a beta of 1.52. SiteOne Landscape Supply Inc has a 52 week low of $58.70 and a 52 week high of $95.49. The company has a quick ratio of 1.29, a current ratio of 2.72 and a debt-to-equity ratio of 1.90.
SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, October 31st. The industrial products company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). The firm had revenue of $578.50 million during the quarter, compared to analyst estimates of $590.23 million. SiteOne Landscape Supply had a net margin of 3.90% and a return on equity of 31.11%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share. As a group, equities research analysts expect that SiteOne Landscape Supply Inc will post 1.97 EPS for the current year.
In related news, CEO Doug Black sold 12,000 shares of SiteOne Landscape Supply stock in a transaction on Wednesday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $864,000.00. Following the completion of the sale, the chief executive officer now directly owns 398,228 shares of the company’s stock, valued at $28,672,416. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP L Briley Brisendine, Jr. sold 1,600 shares of SiteOne Landscape Supply stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $89.05, for a total value of $142,480.00. Following the sale, the executive vice president now directly owns 28,348 shares of the company’s stock, valued at $2,524,389.40. The disclosure for this sale can be found here. Insiders sold a total of 88,700 shares of company stock valued at $7,310,225 over the last three months. Insiders own 4.40% of the company’s stock.
A number of research firms recently weighed in on SITE. Zacks Investment Research raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a report on Wednesday, July 18th. Barclays lifted their target price on SiteOne Landscape Supply from $67.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Royal Bank of Canada set a $105.00 target price on SiteOne Landscape Supply and gave the company a “buy” rating in a research note on Thursday, August 2nd. SunTrust Banks lowered their target price on SiteOne Landscape Supply to $79.00 and set a “buy” rating for the company in a research note on Monday, November 5th. Finally, TheStreet raised SiteOne Landscape Supply from a “c” rating to a “b-” rating in a research note on Thursday, August 9th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. SiteOne Landscape Supply has an average rating of “Buy” and a consensus price target of $80.33.
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SiteOne Landscape Supply Profile
SiteOne Landscape Supply, Inc, through its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation supplies; fertilizer and control products, such as herbicides; landscape accessories; nursery goods outdoor lighting; and ice melt products, as well as hardscapes, including pavers, natural stones, and blocks; turf protection products; grass seed; and turf care equipment and golf course maintenance supplies, as well as value-added consultative services to its customers.
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