Victory Capital Management Inc. reduced its holdings in shares of SiteOne Landscape Supply Inc (NYSE:SITE) by 15.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 844,000 shares of the industrial products company’s stock after selling 153,275 shares during the quarter. Victory Capital Management Inc.’s holdings in SiteOne Landscape Supply were worth $48,235,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Bank of Montreal Can increased its position in SiteOne Landscape Supply by 108.0% during the 4th quarter. Bank of Montreal Can now owns 570 shares of the industrial products company’s stock valued at $32,000 after buying an additional 296 shares in the last quarter. Park National Corp OH purchased a new stake in SiteOne Landscape Supply during the 1st quarter valued at about $207,000. Stephens Inc. AR grew its stake in SiteOne Landscape Supply by 35.5% during the 4th quarter. Stephens Inc. AR now owns 4,163 shares of the industrial products company’s stock valued at $230,000 after purchasing an additional 1,091 shares during the last quarter. Prudential Financial Inc. grew its stake in SiteOne Landscape Supply by 7.9% during the 4th quarter. Prudential Financial Inc. now owns 4,212 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 308 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in SiteOne Landscape Supply during the 4th quarter valued at about $243,000.
In other news, EVP Pascal Convers sold 9,750 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $54.79, for a total value of $534,202.50. Following the sale, the executive vice president now owns 9,750 shares in the company, valued at $534,202.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ross Anker sold 16,025 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $62.52, for a total value of $1,001,883.00. Following the completion of the sale, the executive vice president now owns 44,007 shares in the company, valued at approximately $2,751,317.64. The disclosure for this sale can be found here. Insiders sold 35,525 shares of company stock worth $2,157,551 in the last 90 days. Company insiders own 4.10% of the company’s stock.
SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, May 1st. The industrial products company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.11). SiteOne Landscape Supply had a return on equity of 23.17% and a net margin of 3.10%. The company had revenue of $417.30 million during the quarter, compared to analysts’ expectations of $425.91 million. During the same quarter in the previous year, the company earned ($0.43) EPS. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, research analysts forecast that SiteOne Landscape Supply Inc will post 1.81 earnings per share for the current year.
Several analysts have weighed in on SITE shares. Zacks Investment Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 24th. UBS Group set a $58.00 price target on SiteOne Landscape Supply and gave the company a “hold” rating in a research note on Wednesday, February 20th. Royal Bank of Canada downgraded SiteOne Landscape Supply from an “outperform” rating to a “sector perform” rating and set a $59.00 price target on the stock. in a research note on Thursday, January 31st. ValuEngine downgraded SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. Finally, SunTrust Banks downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. SiteOne Landscape Supply has a consensus rating of “Hold” and a consensus price target of $74.10.
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SiteOne Landscape Supply Company Profile
SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 120,000 stock keeping units, including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, outdoor lightings, and ice melt products, as well as hardscapes, such as pavers, natural stones, and blocks.
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