Natixis Advisors LLC Sells 11,836 Shares of SiteOne Landscape Supply, Inc. $SITE

Natixis Advisors LLC lessened its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 125,553 shares of the industrial products company’s stock after selling 11,836 shares during the quarter. Natixis Advisors LLC’s holdings in SiteOne Landscape Supply were worth $15,639,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in SiteOne Landscape Supply by 541.9% during the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 168 shares during the period. Rothschild Investment LLC raised its stake in SiteOne Landscape Supply by 1,521.4% during the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 213 shares during the period. IFP Advisors Inc raised its stake in SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 158 shares during the period. NewEdge Advisors LLC raised its stake in SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 107 shares during the period. Finally, Danske Bank A S bought a new stake in SiteOne Landscape Supply in the 3rd quarter valued at $52,000.

Analysts Set New Price Targets

A number of analysts have issued reports on SITE shares. Royal Bank Of Canada lifted their price target on shares of SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Bank of America reduced their price target on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Truist Financial lifted their price target on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Robert W. Baird set a $160.00 price target on shares of SiteOne Landscape Supply in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $160.10.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 562 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $112.52, for a total value of $63,236.24. Following the sale, the director directly owned 11,267 shares in the company, valued at $1,267,762.84. The trade was a 4.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock opened at $105.24 on Friday. The company’s 50-day moving average price is $125.23 and its 200-day moving average price is $133.23. SiteOne Landscape Supply, Inc. has a twelve month low of $100.52 and a twelve month high of $168.56. The company has a quick ratio of 0.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.39. The company has a market cap of $4.66 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.37 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The business had revenue of $940.10 million during the quarter, compared to the consensus estimate of $982.27 million. During the same quarter last year, the firm earned ($0.61) earnings per share. The business’s quarterly revenue was up .1% on a year-over-year basis. On average, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current fiscal year.

SiteOne Landscape Supply Company 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.