Natixis Advisors LLC Has $18.50 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Key Points

• Natixis Advisors LLC reduced its stake in SiteOne Landscape Supply by 11.4% during the 1st quarter, bringing their ownership to $18.50 million in shares.
• SiteOne Landscape Supply reported a quarterly EPS of $2.86, missing analysts' expectations, while its revenue grew 3.4% year-over-year, totaling $1.46 billion.
• Multiple institutional investors have altered their positions in SiteOne, with LPL Financial increasing holdings by 28.2% during the 4th quarter.

Natixis Advisors LLC decreased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 11.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,319 shares of the industrial products company's stock after selling 19,617 shares during the quarter. Natixis Advisors LLC owned approximately 0.34% of SiteOne Landscape Supply worth $18,497,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SITE. State of Wyoming lifted its position in SiteOne Landscape Supply by 6.2% during the 4th quarter. State of Wyoming now owns 1,389 shares of the industrial products company's stock worth $183,000 after acquiring an additional 81 shares during the period. GAMMA Investing LLC raised its holdings in shares of SiteOne Landscape Supply by 24.3% during the first quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company's stock worth $59,000 after purchasing an additional 95 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in SiteOne Landscape Supply by 0.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 19,611 shares of the industrial products company's stock valued at $2,584,000 after purchasing an additional 130 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of SiteOne Landscape Supply by 106.1% during the 1st quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company's stock valued at $33,000 after buying an additional 139 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in shares of SiteOne Landscape Supply by 1.4% in the first quarter. DAVENPORT & Co LLC now owns 11,121 shares of the industrial products company's stock worth $1,351,000 after buying an additional 153 shares during the last quarter.

Insider Activity

In other news, CEO Doug Black sold 29,760 shares of the company's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $129.28, for a total value of $3,847,372.80. Following the completion of the sale, the chief executive officer directly owned 596,684 shares of the company's stock, valued at approximately $77,139,307.52. This represents a 4.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph Ketter sold 39,640 shares of SiteOne Landscape Supply stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $126.28, for a total value of $5,005,739.20. Following the transaction, the executive vice president directly owned 13,663 shares in the company, valued at approximately $1,725,363.64. The trade was a 74.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,784 shares of company stock valued at $9,828,465 in the last 90 days. Insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SITE. Stifel Nicolaus cut their target price on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a report on Monday, April 28th. Truist Financial decreased their price objective on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Royal Bank Of Canada lifted their price objective on SiteOne Landscape Supply from $130.00 to $143.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $147.00.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock traded down $2.04 during mid-day trading on Thursday, hitting $134.10. The stock had a trading volume of 287,259 shares, compared to its average volume of 515,449. The firm has a market cap of $5.98 billion, a PE ratio of 48.94, a PEG ratio of 2.32 and a beta of 1.54. The company's 50-day simple moving average is $125.61 and its 200-day simple moving average is $125.45. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $160.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.06.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($0.03). SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. The business had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter last year, the business posted $2.63 earnings per share. The business's revenue was up 3.4% compared to the same quarter last year. Sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.