State Board of Administration of Florida Retirement System Purchases 2,245 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

State Board of Administration of Florida Retirement System grew its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 13.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,146 shares of the industrial products company’s stock after purchasing an additional 2,245 shares during the period. State Board of Administration of Florida Retirement System’s holdings in SiteOne Landscape Supply were worth $3,241,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of SiteOne Landscape Supply by 2.6% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,460,664 shares of the industrial products company’s stock worth $761,614,000 after buying an additional 112,121 shares during the period. BlackRock Inc. increased its holdings in shares of SiteOne Landscape Supply by 18.0% in the first quarter. BlackRock Inc. now owns 4,161,826 shares of the industrial products company’s stock worth $710,592,000 after buying an additional 635,413 shares during the period. Baillie Gifford & Co. increased its holdings in shares of SiteOne Landscape Supply by 3.2% in the second quarter. Baillie Gifford & Co. now owns 3,747,479 shares of the industrial products company’s stock worth $634,298,000 after buying an additional 114,878 shares during the period. Alliancebernstein L.P. increased its holdings in shares of SiteOne Landscape Supply by 6.1% in the second quarter. Alliancebernstein L.P. now owns 1,538,111 shares of the industrial products company’s stock worth $260,341,000 after buying an additional 87,981 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of SiteOne Landscape Supply by 0.9% in the first quarter. Ameriprise Financial Inc. now owns 1,122,188 shares of the industrial products company’s stock worth $191,635,000 after buying an additional 9,592 shares during the period.

Several research analysts have recently commented on SITE shares. Berenberg Bank reiterated a “buy” rating and issued a $237.00 price objective on shares of SiteOne Landscape Supply in a report on Wednesday, September 15th. Zacks Investment Research upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a report on Saturday, August 7th. Loop Capital began coverage on SiteOne Landscape Supply in a report on Thursday, July 22nd. They set a “hold” rating and a $185.00 price target on the stock. Finally, UBS Group boosted their price target on SiteOne Landscape Supply from $132.00 to $140.00 and gave the company a “sell” rating in a report on Thursday, June 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and a consensus price target of $190.78.

In other news, CFO John T. Guthrie sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, August 6th. The stock was sold at an average price of $189.42, for a total value of $1,420,650.00. Following the sale, the chief financial officer now directly owns 22,762 shares of the company’s stock, valued at approximately $4,311,578.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Doug Black sold 17,375 shares of the company’s stock in a transaction that occurred on Wednesday, July 14th. The shares were sold at an average price of $169.42, for a total value of $2,943,672.50. Following the completion of the transaction, the chief executive officer now directly owns 406,777 shares in the company, valued at $68,916,159.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,704 shares of company stock worth $12,766,372. Insiders own 3.20% of the company’s stock.

SiteOne Landscape Supply stock opened at $204.50 on Thursday. The stock’s 50 day simple moving average is $190.44 and its two-hundred day simple moving average is $179.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 2.12. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 48.81 and a beta of 1.23. SiteOne Landscape Supply, Inc. has a fifty-two week low of $112.89 and a fifty-two week high of $210.18.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, August 4th. The industrial products company reported $2.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.42. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. SiteOne Landscape Supply had a return on equity of 23.00% and a net margin of 6.03%. The business’s revenue was up 32.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.83 EPS. On average, analysts predict that SiteOne Landscape Supply, Inc. will post 4.28 earnings per share for the current year.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc engages in the distribution of commercial and residential landscape supplies. Its products include outdoor lighting, nursery, landscape supplies, fertilizers, turf protection products, grass seed, turf care equipment, and golf course accessories for green industry professionals.

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

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