Comerica Bank raised its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) by 24.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 134,716 shares of the industrial products company’s stock after acquiring an additional 26,436 shares during the quarter. Comerica Bank owned about 0.30% of SiteOne Landscape Supply worth $16,780,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SITE. 59 North Capital Management LP bought a new position in SiteOne Landscape Supply in the third quarter valued at approximately $214,417,000. Cartenna Capital LP bought a new position in SiteOne Landscape Supply in the third quarter valued at approximately $63,756,000. Amundi bought a new position in SiteOne Landscape Supply in the third quarter valued at approximately $59,763,000. AQR Capital Management LLC boosted its position in shares of SiteOne Landscape Supply by 743.5% during the second quarter. AQR Capital Management LLC now owns 441,192 shares of the industrial products company’s stock worth $52,440,000 after purchasing an additional 388,890 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of SiteOne Landscape Supply by 791.0% during the third quarter. Balyasny Asset Management L.P. now owns 351,041 shares of the industrial products company’s stock worth $45,214,000 after purchasing an additional 311,641 shares in the last quarter.
Insider Activity at SiteOne Landscape Supply
In related news, EVP Eric J. Elema sold 1,765 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $158.01, for a total transaction of $278,887.65. Following the sale, the executive vice president directly owned 2,911 shares in the company, valued at $459,967.11. This trade represents a 37.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.
SiteOne Landscape Supply Trading Up 0.1%
Shares of NYSE SITE opened at $143.05 on Wednesday. The company’s fifty day moving average is $137.33 and its 200-day moving average is $135.04. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 42.57, a P/E/G ratio of 1.72 and a beta of 1.57. SiteOne Landscape Supply, Inc. has a twelve month low of $108.11 and a twelve month high of $168.56. The company has a quick ratio of 1.20, a current ratio of 2.47 and a debt-to-equity ratio of 0.29.
SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.09. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.28%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the business posted ($0.48) earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. Equities research analysts predict that SiteOne Landscape Supply, Inc. will post 4.43 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on SITE. Robert W. Baird set a $190.00 price target on shares of SiteOne Landscape Supply in a research report on Thursday, February 12th. UBS Group began coverage on shares of SiteOne Landscape Supply in a research report on Friday, April 10th. They set a “neutral” rating and a $140.00 price target on the stock. Truist Financial lifted their price target on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Finally, Barclays lifted their price target on shares of SiteOne Landscape Supply from $134.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus price target of $163.67.
Check Out Our Latest Research Report on SITE
SiteOne Landscape Supply Profile
SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.
In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.
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