Zuckerman Investment Group LLC lifted its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,430 shares of the industrial products company's stock after acquiring an additional 3,165 shares during the period. Zuckerman Investment Group LLC owned 0.12% of SiteOne Landscape Supply worth $6,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently made changes to their positions in the company. HM Payson & Co. purchased a new stake in SiteOne Landscape Supply in the first quarter valued at $25,000. Brooklyn Investment Group purchased a new stake in shares of SiteOne Landscape Supply during the 1st quarter worth about $32,000. Golden State Wealth Management LLC boosted 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 worth $33,000 after acquiring an additional 139 shares in the last quarter. Eastern Bank purchased a new stake in shares of SiteOne Landscape Supply during the 1st quarter worth about $38,000. Finally, GAMMA Investing LLC boosted its stake in shares of SiteOne Landscape Supply by 24.3% during the 1st quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company's stock worth $59,000 after acquiring an additional 95 shares in the last quarter.
Analysts Set New Price Targets
SITE has been the topic of several recent analyst reports. Wall Street Zen raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Royal Bank Of Canada raised their price target on shares of SiteOne Landscape Supply from $130.00 to $143.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Four equities 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. According to MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of "Hold" and a consensus price target of $147.00.
Read Our Latest Stock Analysis on SiteOne Landscape Supply
SiteOne Landscape Supply Price Performance
SITE stock traded down $1.52 during mid-day trading on Friday, reaching $143.44. The company's stock had a trading volume of 326,072 shares, compared to its average volume of 538,536. The stock has a market cap of $6.40 billion, a PE ratio of 52.35, a P/E/G ratio of 2.39 and a beta of 1.54. The company has a current ratio of 2.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.35. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $160.74. The company's 50 day moving average is $132.69 and its two-hundred day moving average is $125.32.
SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.86 EPS for the quarter, missing analysts' consensus estimates of $2.89 by ($0.03). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. The firm's revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.63 EPS. Equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.
Insider Transactions at SiteOne Landscape Supply
In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 39,640 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $126.28, for a total value of $5,005,739.20. Following the completion of the sale, the executive vice president owned 13,663 shares in the company, valued at approximately $1,725,363.64. This represents a 74.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Doug Black sold 7,384 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $132.09, for a total transaction of $975,352.56. Following the completion of the sale, the chief executive officer owned 600,446 shares of the company's stock, valued at approximately $79,312,912.14. The trade was a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,784 shares of company stock valued at $9,828,465. 2.60% of the stock is owned by insiders.
SiteOne Landscape Supply Profile
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Free Report)
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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