Verition Fund Management LLC grew its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) by 137.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,231 shares of the industrial products company’s stock after buying an additional 4,187 shares during the quarter. Verition Fund Management LLC’s holdings in SiteOne Landscape Supply were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Signaturefd LLC lifted its holdings in shares of SiteOne Landscape Supply by 1,156.3% during the 1st quarter. Signaturefd LLC now owns 201 shares of the industrial products company’s stock valued at $32,000 after buying an additional 185 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of SiteOne Landscape Supply by 1,187.0% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 296 shares of the industrial products company’s stock valued at $48,000 after buying an additional 273 shares during the last quarter. Covestor Ltd lifted its holdings in shares of SiteOne Landscape Supply by 113.5% during the 1st quarter. Covestor Ltd now owns 331 shares of the industrial products company’s stock valued at $54,000 after buying an additional 176 shares during the last quarter. Okabena Investment Services Inc. acquired a new stake in shares of SiteOne Landscape Supply during the 4th quarter valued at about $140,000. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of SiteOne Landscape Supply by 28.7% during the 1st quarter. Koshinski Asset Management Inc. now owns 596 shares of the industrial products company’s stock valued at $96,000 after buying an additional 133 shares during the last quarter.
In other news, CEO Doug Black sold 9,544 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $115.54, for a total transaction of $1,102,713.76. Following the sale, the chief executive officer now directly owns 525,598 shares in the company, valued at $60,727,592.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 28,531 shares of company stock worth $3,554,248. Company insiders own 2.70% of the company’s stock.
Analyst Ratings Changes
SiteOne Landscape Supply Stock Performance
SITE opened at $111.33 on Wednesday. The stock has a market cap of $5.01 billion, a PE ratio of 18.22 and a beta of 1.37. The company has a current ratio of 2.44, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. SiteOne Landscape Supply, Inc. has a 1 year low of $108.45 and a 1 year high of $260.00. The stock’s 50 day simple moving average is $128.77 and its 200-day simple moving average is $136.85.
SiteOne Landscape Supply (NYSE:SITE – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $0.07. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. SiteOne Landscape Supply had a return on equity of 25.37% and a net margin of 7.45%. SiteOne Landscape Supply’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.70 earnings per share. Sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 5.63 EPS for the current year.
SiteOne Landscape Supply Company 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 135,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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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