SiteOne Landscape Supply Inc (SITE) Shares Sold by Bamco Inc. NY

Bamco Inc. NY reduced its holdings in SiteOne Landscape Supply Inc (NYSE:SITE) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,584,206 shares of the industrial products company’s stock after selling 70,493 shares during the period. Bamco Inc. NY’s holdings in SiteOne Landscape Supply were worth $122,047,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of SiteOne Landscape Supply by 20.5% during the 4th quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 4,580 shares of the industrial products company’s stock worth $349,000 after purchasing an additional 780 shares in the last quarter. FDx Advisors Inc. raised its stake in shares of SiteOne Landscape Supply by 10.0% during the 1st quarter. FDx Advisors Inc. now owns 8,743 shares of the industrial products company’s stock worth $674,000 after purchasing an additional 792 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of SiteOne Landscape Supply by 57.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,305 shares of the industrial products company’s stock worth $177,000 after purchasing an additional 843 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of SiteOne Landscape Supply by 5.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,461 shares of the industrial products company’s stock worth $1,268,000 after purchasing an additional 887 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of SiteOne Landscape Supply by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 313,089 shares of the industrial products company’s stock worth $24,013,000 after purchasing an additional 1,234 shares in the last quarter.

Shares of SiteOne Landscape Supply opened at $80.67 on Friday, MarketBeat reports. The company has a current ratio of 2.48, a quick ratio of 0.99 and a debt-to-equity ratio of 2.89. SiteOne Landscape Supply Inc has a twelve month low of $76.67 and a twelve month high of $77.64. The company has a market capitalization of $3.10 billion, a P/E ratio of 66.67 and a beta of 1.44.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, May 2nd. The industrial products company reported ($0.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.14). SiteOne Landscape Supply had a net margin of 2.53% and a return on equity of 22.27%. The company had revenue of $371.40 million during the quarter, compared to the consensus estimate of $374.41 million. During the same period in the previous year, the business posted ($0.26) earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. research analysts forecast that SiteOne Landscape Supply Inc will post 1.92 EPS for the current year.

In related news, CFO John T. Guthrie sold 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 48,186 shares of the company’s stock, valued at approximately $3,608,649.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Doug Black sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $75.32, for a total value of $903,840.00. Following the completion of the transaction, the chief executive officer now directly owns 403,228 shares in the company, valued at $30,371,132.96. The disclosure for this sale can be found here. Insiders sold a total of 59,581 shares of company stock worth $4,554,176 over the last three months. 4.40% of the stock is owned by company insiders.

A number of research firms have recently weighed in on SITE. Deutsche Bank raised their price target on SiteOne Landscape Supply from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, May 4th. Zacks Investment Research raised SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 1st. Royal Bank of Canada set a $87.00 price target on SiteOne Landscape Supply and gave the stock a “buy” rating in a research note on Monday, March 26th. SunTrust Banks raised their price target on SiteOne Landscape Supply to $89.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, Barclays reaffirmed an “equal weight” rating and set a $67.00 price target (up from $65.00) on shares of SiteOne Landscape Supply in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $78.17.

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.

Want to see what other hedge funds are holding SITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiteOne Landscape Supply Inc (NYSE:SITE).

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

Receive News & Ratings for SiteOne Landscape Supply 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.

Leave a Reply