Natixis Advisors L.P. Lowers Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Natixis Advisors L.P. cut its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 21.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 134,668 shares of the industrial products company’s stock after selling 36,027 shares during the quarter. Natixis Advisors L.P.’s holdings in SiteOne Landscape Supply were worth $22,993,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capstone Triton Financial Group LLC purchased a new position in SiteOne Landscape Supply during the 4th quarter worth $25,000. Arkadios Wealth Advisors bought a new position in SiteOne Landscape Supply during the 1st quarter worth about $30,000. Cutler Group LP bought a new stake in shares of SiteOne Landscape Supply in the 1st quarter valued at about $35,000. International Assets Investment Management LLC boosted its stake in shares of SiteOne Landscape Supply by 179.2% during the first quarter. International Assets Investment Management LLC now owns 282 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 181 shares in the last quarter. Finally, Ellevest Inc. lifted its holdings in SiteOne Landscape Supply by 7,650.0% during the first quarter. Ellevest Inc. now owns 310 shares of the industrial products company’s stock worth $53,000 after buying an additional 306 shares during the period.

NYSE SITE opened at $176.08 on Monday. The company has a fifty day moving average of $180.93 and a 200 day moving average of $160.95. The company has a market capitalization of $7.82 billion, a PE ratio of 69.05 and a beta of 1.23. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.75 and a quick ratio of 1.58. SiteOne Landscape Supply, Inc. has a 1 year low of $85.31 and a 1 year high of $206.26.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, May 5th. The industrial products company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.45) by $0.61. SiteOne Landscape Supply had a return on equity of 22.35% and a net margin of 4.38%. The firm had revenue of $650.20 million for the quarter, compared to analyst estimates of $536.31 million. During the same period last year, the company earned ($0.42) earnings per share. SiteOne Landscape Supply’s revenue for the quarter was up 41.4% compared to the same quarter last year. Research analysts expect that SiteOne Landscape Supply, Inc. will post 2.43 earnings per share for the current year.

Several equities analysts have issued reports on the company. TheStreet upgraded SiteOne Landscape Supply from a “c+” rating to a “b-” rating in a research note on Thursday, March 11th. Truist raised their target price on shares of SiteOne Landscape Supply from $130.00 to $186.00 in a research note on Thursday, February 25th. UBS Group upped their price target on SiteOne Landscape Supply from $127.00 to $132.00 and gave the stock a “sell” rating in a research report on Thursday, April 15th. Zacks Investment Research raised SiteOne Landscape Supply from a “hold” rating to a “strong-buy” rating and set a $233.00 target price on the stock in a research report on Tuesday, May 11th. Finally, William Blair restated an “outperform” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, February 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $179.88.

In other SiteOne Landscape Supply news, EVP Greg Weller sold 3,865 shares of the company’s stock in a transaction on Friday, March 5th. The shares were sold at an average price of $155.46, for a total transaction of $600,852.90. Following the completion of the transaction, the executive vice president now directly owns 12,303 shares in the company, valued at $1,912,624.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John T. Guthrie sold 622 shares of the business’s stock in a transaction dated Thursday, April 22nd. The stock was sold at an average price of $175.78, for a total transaction of $109,335.16. Following the sale, the chief financial officer now directly owns 15,262 shares of the company’s stock, valued at approximately $2,682,754.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,312 shares of company stock worth $8,339,331. 3.49% of the stock is owned by company insiders.

SiteOne Landscape Supply 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 130,000 stock keeping units, including irrigation supplies, which consists controllers, valves, sprinkler heads, and irrigation and drainage pipes; fertilizers, grass seed, and ice melt products; control products, which include herbicides, fungicides, rodenticides, and other pesticides; landscape accessories, which comprise mulches, soil amendments, tools, and sod; nursery goods, which consist of deciduous shrubs, evergreen shrubs and trees, ornamental trees, shade trees, field grown and container-grown nursery stock, and plant species; and outdoor lighting products, which include accent lights, dark lights, path lights, up lights, down lights, wall lights, and pool and aquatic area lighting, as well as hardscapes, such as pavers, natural stones, blocks, and other durable materials.

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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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