Natixis Advisors L.P. Acquires 3,964 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Natixis Advisors L.P. increased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 182,734 shares of the industrial products company’s stock after purchasing an additional 3,964 shares during the quarter. Natixis Advisors L.P. owned 0.40% of SiteOne Landscape Supply worth $29,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Venturi Wealth Management LLC bought a new stake in SiteOne Landscape Supply in the 3rd quarter worth approximately $26,000. Operose Advisors LLC purchased a new position in SiteOne Landscape Supply in the third quarter worth about $28,000. GAMMA Investing LLC bought a new stake in shares of SiteOne Landscape Supply during the 4th quarter valued at about $38,000. iA Global Asset Management Inc. bought a new position in shares of SiteOne Landscape Supply in the 3rd quarter worth approximately $105,000. Finally, Signaturefd LLC grew its position in SiteOne Landscape Supply by 127.4% during the third quarter. Signaturefd LLC now owns 723 shares of the industrial products company’s stock valued at $118,000 after buying an additional 405 shares during the period.

SiteOne Landscape Supply Trading Up 1.4 %

Shares of SITE opened at $152.42 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.36 and a quick ratio of 1.10. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 44.18 and a beta of 1.53. The company has a 50-day moving average of $169.37 and a 200 day moving average of $156.72. SiteOne Landscape Supply, Inc. has a 1-year low of $116.81 and a 1-year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.22). SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The firm had revenue of $904.80 million during the quarter, compared to the consensus estimate of $864.01 million. During the same period last year, the company earned ($0.10) EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, research analysts expect that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on SITE. Barclays decreased their target price on SiteOne Landscape Supply from $145.00 to $133.00 and set an “underweight” rating on the stock in a report on Thursday. Truist Financial decreased their target price on shares of SiteOne Landscape Supply from $204.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank of Canada lifted their target price on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and decreased their price target for the stock from $167.00 to $165.00 in a research note on Thursday. Finally, Robert W. Baird lifted their price objective on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $167.50.

Insider Buying and Selling

In related news, CEO Doug Black sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $176.35, for a total transaction of $1,763,500.00. Following the transaction, the chief executive officer now directly owns 574,657 shares in the company, valued at approximately $101,340,761.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Doug Black sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $176.35, for a total value of $1,763,500.00. Following the transaction, the chief executive officer now directly owns 574,657 shares of the company’s stock, valued at approximately $101,340,761.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO John T. Guthrie sold 3,000 shares of SiteOne Landscape Supply stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $180.00, for a total value of $540,000.00. Following the sale, the chief financial officer now directly owns 15,467 shares of the company’s stock, valued at approximately $2,784,060. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock valued at $3,924,500 over the last 90 days. Corporate insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Profile

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.