SG Americas Securities LLC boosted its position in SiteOne Landscape Supply Inc (NYSE:SITE) by 87.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,104 shares of the industrial products company’s stock after buying an additional 1,916 shares during the quarter. SG Americas Securities LLC’s holdings in SiteOne Landscape Supply were worth $345,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SITE. Victory Capital Management Inc. acquired a new position in SiteOne Landscape Supply in the 2nd quarter valued at $71,949,000. Artisan Partners Limited Partnership grew its stake in SiteOne Landscape Supply by 459.8% in the 1st quarter. Artisan Partners Limited Partnership now owns 154,560 shares of the industrial products company’s stock valued at $11,907,000 after buying an additional 126,952 shares during the last quarter. Wasatch Advisors Inc. grew its stake in SiteOne Landscape Supply by 9.8% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,406,023 shares of the industrial products company’s stock valued at $118,064,000 after buying an additional 124,976 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in SiteOne Landscape Supply by 41.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 280,943 shares of the industrial products company’s stock valued at $21,644,000 after buying an additional 81,940 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in SiteOne Landscape Supply in the 1st quarter valued at $4,476,000.

Shares of SiteOne Landscape Supply stock opened at $81.20 on Friday. The company has a quick ratio of 1.23, a current ratio of 2.69 and a debt-to-equity ratio of 2.15. SiteOne Landscape Supply Inc has a fifty-two week low of $55.61 and a fifty-two week high of $95.49. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 67.11 and a beta of 1.29.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.07). SiteOne Landscape Supply had a net margin of 3.39% and a return on equity of 28.71%. The company had revenue of $687.80 million during the quarter, compared to the consensus estimate of $689.21 million. During the same period last year, the company earned $1.07 earnings per share. SiteOne Landscape Supply’s revenue for the quarter was up 13.0% on a year-over-year basis. equities research analysts expect that SiteOne Landscape Supply Inc will post 2.03 earnings per share for the current fiscal year.

In other SiteOne Landscape Supply news, VP Joseph Ketter sold 3,000 shares of the stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $93.67, for a total value of $281,010.00. Following the completion of the sale, the vice president now directly owns 8,396 shares of the company’s stock, valued at approximately $786,453.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Doug Black sold 12,000 shares of the stock in a transaction on Wednesday, July 25th. The shares were sold at an average price of $87.66, for a total transaction of $1,051,920.00. Following the completion of the sale, the chief executive officer now directly owns 403,228 shares of the company’s stock, valued at $35,346,966.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 199,925 shares of company stock valued at $17,895,116. Insiders own 4.40% of the company’s stock.

SITE has been the topic of a number of research analyst reports. Royal Bank of Canada set a $105.00 target price on shares of SiteOne Landscape Supply and gave the company a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. ValuEngine upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Robert W. Baird lowered shares of SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research note on Tuesday, July 3rd. Finally, TheStreet raised shares of SiteOne Landscape Supply from a “c” rating to a “b-” rating in a report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. SiteOne Landscape Supply presently has a consensus rating of “Hold” and an average target price of $80.57.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc, through its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation supplies; fertilizer and control products, such as herbicides; landscape accessories; nursery goods outdoor lighting; and ice melt products, as well as hardscapes, including pavers, natural stones, and blocks; turf protection products; grass seed; and turf care equipment and golf course maintenance supplies, as well as value-added consultative services to its customers.

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

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