Mercer Global Advisors Inc. ADV boosted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) by 16.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,302 shares of the industrial products company’s stock after acquiring an additional 182 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in SiteOne Landscape Supply were worth $211,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Qube Research & Technologies Ltd boosted its holdings in SiteOne Landscape Supply by 7.9% during the 1st quarter. Qube Research & Technologies Ltd now owns 52,870 shares of the industrial products company’s stock valued at $8,549,000 after acquiring an additional 3,861 shares during the period. Sigma Planning Corp lifted its holdings in shares of SiteOne Landscape Supply by 34.0% in the 1st quarter. Sigma Planning Corp now owns 1,775 shares of the industrial products company’s stock worth $287,000 after buying an additional 450 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of SiteOne Landscape Supply by 5,989.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 25,393 shares of the industrial products company’s stock worth $6,152,000 after buying an additional 24,976 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of SiteOne Landscape Supply by 15.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,316 shares of the industrial products company’s stock worth $212,000 after buying an additional 181 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of SiteOne Landscape Supply by 0.8% in the 1st quarter. Arizona State Retirement System now owns 12,083 shares of the industrial products company’s stock worth $1,954,000 after buying an additional 93 shares during the period.
Insider Buying and Selling at SiteOne Landscape Supply
In other SiteOne Landscape Supply news, CEO Doug Black sold 9,457 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $139.18, for a total transaction of $1,316,225.26. Following the sale, the chief executive officer now owns 523,142 shares in the company, valued at approximately $72,810,903.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.
SiteOne Landscape Supply Trading Down 1.1 %
SiteOne Landscape Supply (NYSE:SITE – Get Rating) last announced its earnings results on Wednesday, August 3rd. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.07. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. SiteOne Landscape Supply had a return on equity of 25.37% and a net margin of 7.45%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.70 EPS. On average, research analysts predict that SiteOne Landscape Supply, Inc. will post 5.63 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have weighed in on SITE shares. Stifel Nicolaus started coverage on SiteOne Landscape Supply in a report on Tuesday, July 12th. They issued a “hold” rating and a $105.00 target price for the company. Barclays lowered their target price on SiteOne Landscape Supply from $161.00 to $145.00 and set an “equal weight” rating for the company in a report on Thursday, July 14th. Robert W. Baird lowered SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $129.00 price target for the company. in a research report on Thursday, July 14th. TheStreet lowered SiteOne Landscape Supply from a “b-” rating to a “c+” rating in a research report on Wednesday, May 18th. Finally, Loop Capital reduced their price target on SiteOne Landscape Supply from $160.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, July 8th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus price target of $156.67.
About SiteOne Landscape Supply
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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