Verition Fund Management LLC Has $1.17 Million Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Verition Fund Management LLC grew its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITEGet Rating) by 137.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,231 shares of the industrial products company’s stock after purchasing 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 SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in shares of SiteOne Landscape Supply by 118.8% during the first quarter. EverSource Wealth Advisors LLC now owns 4,867 shares of the industrial products company’s stock valued at $787,000 after acquiring an additional 2,643 shares during the period. Toroso Investments LLC lifted its stake in shares of SiteOne Landscape Supply by 19.1% during the first quarter. Toroso Investments LLC now owns 1,591 shares of the industrial products company’s stock valued at $257,000 after acquiring an additional 255 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of SiteOne Landscape Supply by 94.4% during the first quarter. BNP Paribas Arbitrage SA now owns 32,674 shares of the industrial products company’s stock valued at $5,283,000 after acquiring an additional 15,865 shares during the period. Bridge City Capital LLC lifted its stake in shares of SiteOne Landscape Supply by 22.4% during the first quarter. Bridge City Capital LLC now owns 13,689 shares of the industrial products company’s stock valued at $2,213,000 after acquiring an additional 2,501 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of SiteOne Landscape Supply by 150.8% during the first quarter. Jane Street Group LLC now owns 7,099 shares of the industrial products company’s stock valued at $1,148,000 after acquiring an additional 4,269 shares during the period.

SiteOne Landscape Supply Stock Down 2.9 %

Shares of SiteOne Landscape Supply stock opened at $111.33 on Wednesday. SiteOne Landscape Supply, Inc. has a 1 year low of $108.45 and a 1 year high of $260.00. The business has a 50-day moving average of $128.77 and a two-hundred day moving average of $136.85. The company has a market capitalization of $5.01 billion, a P/E ratio of 18.22 and a beta of 1.37. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.44 and a quick ratio of 1.03.

SiteOne Landscape Supply (NYSE:SITEGet Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.07. SiteOne Landscape Supply had a return on equity of 25.37% and a net margin of 7.45%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the company earned $2.70 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts predict that SiteOne Landscape Supply, Inc. will post 5.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SITE. Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a research note on Wednesday, August 17th. They set a “buy” rating and a $189.00 price target on the stock. Stifel Nicolaus initiated coverage on SiteOne Landscape Supply in a report on Tuesday, July 12th. They issued a “hold” rating and a $105.00 price objective for the company. UBS Group dropped their price objective on SiteOne Landscape Supply from $165.00 to $152.00 and set a “neutral” rating for the company in a report on Thursday, August 4th. Robert W. Baird downgraded SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $129.00 price objective for the company. in a report on Thursday, July 14th. Finally, Loop Capital dropped their price objective on SiteOne Landscape Supply from $160.00 to $135.00 and set a “hold” rating for the company in a report on Friday, July 8th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $146.63.

Insider Buying and Selling

In related news, CEO Doug Black sold 9,457 shares of the 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 completion of the transaction, the chief executive officer now directly owns 523,142 shares in the company, valued at $72,810,903.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 28,531 shares of company stock worth $3,554,248. 2.70% of the stock is owned by corporate insiders.

SiteOne Landscape Supply Company Profile

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

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