Chartwell Investment Partners LLC increased its stake in shares of SiteOne Landscape Supply, Inc. (NYSE: SITE – Get Rating ) by 4.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,473 shares of the industrial products company’s stock after acquiring an additional 438 shares during the period. Chartwell Investment Partners LLC’s holdings in SiteOne Landscape Supply were worth $1,693,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC boosted its position in SiteOne Landscape Supply by 0.8% in the first quarter. Conestoga Capital Advisors LLC now owns 1,057,696 shares of the industrial products company’s stock valued at $171,019,000 after purchasing an additional 8,560 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in SiteOne Landscape Supply during the fourth quarter valued at $192,495,000. State Street Corp boosted its position in SiteOne Landscape Supply by 1.7% during the fourth quarter. State Street Corp now owns 633,997 shares of the industrial products company’s stock valued at $153,605,000 after purchasing an additional 10,470 shares in the last quarter. Goldman Sachs Group Inc. increased its position in SiteOne Landscape Supply by 82.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 589,599 shares of the industrial products company’s stock valued at $142,848,000 after buying an additional 265,954 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in SiteOne Landscape Supply by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 541,591 shares of the industrial products company’s stock valued at $131,216,000 after purchasing an additional 14,313 shares during the last quarter.
In other SiteOne Landscape Supply news, CEO Doug Black sold 17,431 shares of SiteOne Landscape Supply stock in a transaction dated Wednesday, April 13th. The shares were sold at an average price of $149.12, for a total value of $2,599,310.72. Following the completion of the sale, the chief executive officer now owns 468,918 shares in the company, valued at approximately $69,925,052.16. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC’s website. 2.70% of shares are owned by insiders.
Shares of SITE stock opened at $124.22 on Monday. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 21.64 and a beta of 1.33. The company has a debt-to-equity ratio of 0.41, a quick earnings ratio of 0.89 and a current ratio of 2.32. The company has a 50-day simple moving average of $126.05 and a 200-day simple moving average of $159.79. SiteOne Landscape Supply, Inc. it has a 52-week low of $108.77 and a 52-week high of $260.00.
SiteOne Landscape Supply (NYSE:SITE – Get Rating ) last announced its earnings results on Wednesday, May 4th. The industrial products company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.16 by $0.54. The business had revenue of $805.30 million during the quarter, compared to the consensus estimate of $742.01 million. SiteOne Landscape Supply had a net margin of 7.25% and a return on equity of 25.59%. SiteOne Landscape Supply’s revenue was up 23.9% compared to the same quarter last year. In the same quarter last year, the firm reported $0.16 EPS. sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 5.72 EPS for the current year.
A number of brokerages recently commented on SITE. Barclays decreased their price objective on shares of SiteOne Landscape Supply from $200.00 to $191.00 in a research report on Thursday, March 31st. UBS Group raised shares of SiteOne Landscape Supply from a “sell” rating to a “neutral” rating and cut their target price for the company from $170.00 to $165.00 in a research report on Monday, March 28th. They noted that the move was a call for evaluation. TheStreet downgraded shares of SiteOne Landscape Supply from a “b-” rating to a “c+” rating in a research report on Wednesday, May 18th. Robert W. Baird reduced their price objective on shares of SiteOne Landscape Supply from $232.00 to $171.00 in a research report on Thursday, May 5th. Finally, Royal Bank of Canada raised shares of SiteOne Landscape Supply from an “underperform” rating to a “sector perform” rating and cut their target price for the company from $128.00 to $118.00 in a research report on Wednesday, June 22nd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $173.86.
SiteOne Landscape Supply Company Profile (Get Rating)
SiteOne Landscape Supply, Inc is engaged in the wholesale distribution of landscape supplies in the United States and Canada. The company offers a selection of approximately 135,000 inventory items, including irrigation supplies that include controllers, valves, sprinkler heads and irrigation tubing; fertilizers, grass seeds and ice melting products; control products, such as herbicides, fungicides, rodenticides and other pesticides; landscape accessories, which include mulching, soil amendments, drainage pipes, tools and sod; Nursery merchandise consisting of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field and container grown nursery stock, roses, perennials, annuals, bulbs and plant species; hardscapes, such as pavers, natural stones, blocks and other durable materials; and outdoor lighting products, which include lighting fixtures, LED lamps, wires, transformers and accessories.
Get SiteOne Landscape Supply news and ratings daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for SiteOne Landscape Supply and related companies with MarketBeat.com ‘s FREE daily email newsletter.