Voya Investment Management LLC Has $25.70 Million Stock Holdings in SiteOne Landscape Supply, Inc. $SITE

Key Points

• Voya Investment Management LLC increased its stake in SiteOne Landscape Supply by 34.5% during the 1st quarter, holding $25.70 million worth of stock.
• Insiders, including the CEO and EVP, have sold significant amounts of stock recently, leading to a decrease in their holdings by 4.75% and 74.37%, respectively.
• SiteOne Landscape Supply reported earnings of $2.86 per share for the last quarter, missing estimates slightly and experiencing a 3.4% year-over-year revenue increase.

Voya Investment Management LLC lifted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 34.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 211,650 shares of the industrial products company's stock after purchasing an additional 54,231 shares during the period. Voya Investment Management LLC owned 0.47% of SiteOne Landscape Supply worth $25,703,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Rhumbline Advisers increased its stake in shares of SiteOne Landscape Supply by 5.6% during the 1st quarter. Rhumbline Advisers now owns 50,037 shares of the industrial products company's stock worth $6,076,000 after purchasing an additional 2,635 shares during the last quarter. Strs Ohio acquired a new position in shares of SiteOne Landscape Supply during the 1st quarter worth about $904,000. Acadian Asset Management LLC acquired a new position in shares of SiteOne Landscape Supply during the 1st quarter worth about $251,000. Jane Street Group LLC acquired a new position in shares of SiteOne Landscape Supply during the 1st quarter worth about $6,797,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of SiteOne Landscape Supply by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company's stock worth $20,679,000 after purchasing an additional 16,378 shares during the last quarter.

Insider Buying and Selling

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

SiteOne Landscape Supply Stock Down 1.6%

Shares of SITE opened at $139.66 on Monday. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $160.74. The firm has a market cap of $6.23 billion, a P/E ratio of 50.97, a price-to-earnings-growth ratio of 2.33 and a beta of 1.60. The firm's 50-day simple moving average is $136.84 and its 200 day simple moving average is $125.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.06 and a current ratio of 2.41.

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

Wall Street Analysts Forecast Growth

SITE has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of SiteOne Landscape Supply from $130.00 to $143.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $147.00.

SiteOne Landscape Supply Company Profile

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.

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