SG Americas Securities LLC Has $13.02 Million Position in SiteOne Landscape Supply, Inc. $SITE

Key Points

• SG Americas Securities LLC sharply increased its stake in the company by 1,772.5% in Q4 and now owns 104,541 shares valued at about $13.02 million (≈0.23% of SiteOne).
• Several analysts raised targets (notably Truist to $200 with a "buy" and RBC to $171 with "outperform"), but the consensus rating remains Hold with a consensus target of $159.44.
• SiteOne beat Q4 EPS estimates at -$0.20 versus a -$0.29 consensus, with revenue of $1.05 billion (up 3.2% year-over-year), indicating modest operational improvement.

SG Americas Securities LLC raised its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 1,772.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,541 shares of the industrial products company's stock after purchasing an additional 98,958 shares during the quarter. SG Americas Securities LLC owned 0.23% of SiteOne Landscape Supply worth $13,022,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC grew its holdings in shares of SiteOne Landscape Supply by 541.9% during the fourth quarter. True Wealth Design LLC now owns 199 shares of the industrial products company's stock valued at $25,000 after buying an additional 168 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company's stock worth $48,000 after acquiring an additional 107 shares during the last quarter. HM Payson & Co. lifted its position in SiteOne Landscape Supply by 32.2% in the 3rd quarter. HM Payson & Co. now owns 398 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 97 shares in the last quarter. Danske Bank A S bought a new position in SiteOne Landscape Supply in the 3rd quarter valued at about $52,000. Finally, Tower Research Capital LLC TRC boosted its stake in SiteOne Landscape Supply by 145.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 270 shares during the last quarter.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, EVP Eric J. Elema sold 1,765 shares of the firm's stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $158.01, for a total transaction of $278,887.65. Following the completion of the sale, the executive vice president owned 2,911 shares in the company, valued at $459,967.11. This trade represents a 37.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Truist Financial increased their price objective on SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, February 11th. Barclays lifted their target price on SiteOne Landscape Supply from $134.00 to $150.00 and gave the company an "equal weight" rating in a research report on Thursday, February 12th. Stifel Nicolaus set a $144.00 price target on SiteOne Landscape Supply in a report on Monday, February 9th. Royal Bank Of Canada increased their price target on SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an "outperform" rating in a research report on Thursday, February 12th. Finally, Bank of America began coverage on SiteOne Landscape Supply in a research note on Thursday, December 18th. They set a "buy" rating and a $147.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $159.44.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $130.57 on Friday. The company has a market capitalization of $5.80 billion, a P/E ratio of 38.86, a price-to-earnings-growth ratio of 1.69 and a beta of 1.59. The company's 50-day moving average is $142.72 and its 200 day moving average is $134.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.20 and a current ratio of 2.47. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $168.56.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.29) by $0.09. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.28%. The firm's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.48) earnings per share. On average, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

About SiteOne Landscape Supply

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.

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