Fifth Third Bancorp Sells 218 Shares of SiteOne Landscape Supply, Inc. $SITE

Fifth Third Bancorp decreased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,377 shares of the industrial products company’s stock after selling 218 shares during the period. Fifth Third Bancorp’s holdings in SiteOne Landscape Supply were worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of SITE. Two Sigma Investments LP bought a new position in SiteOne Landscape Supply during the fourth quarter valued at $2,067,000. GAMMA Investing LLC increased its position in SiteOne Landscape Supply by 14,994.6% during the first quarter. GAMMA Investing LLC now owns 59,020 shares of the industrial products company’s stock valued at $7,167,000 after acquiring an additional 58,629 shares during the last quarter. Rhumbline Advisers increased its position in SiteOne Landscape Supply by 5.6% during the first quarter. Rhumbline Advisers now owns 50,037 shares of the industrial products company’s stock valued at $6,076,000 after acquiring an additional 2,635 shares during the last quarter. NBC Securities Inc. increased its position in SiteOne Landscape Supply by 114,200.0% during the first quarter. NBC Securities Inc. now owns 3,429 shares of the industrial products company’s stock valued at $416,000 after acquiring an additional 3,426 shares during the last quarter. Finally, Fenimore Asset Management Inc grew its holdings in shares of SiteOne Landscape Supply by 9.6% in the first quarter. Fenimore Asset Management Inc now owns 149,026 shares of the industrial products company’s stock worth $18,098,000 after purchasing an additional 13,098 shares during the last quarter.

Wall Street Analysts Forecast Growth

SITE has been the topic of a number of research analyst reports. Loop Capital upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price target for the stock from $150.00 to $160.00 in a report on Friday, September 19th. Royal Bank Of Canada upped their price target on shares of SiteOne Landscape Supply from $130.00 to $143.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, SiteOne Landscape Supply presently has an average rating of “Hold” and an average price target of $150.50.

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black sold 7,384 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $132.09, for a total transaction of $975,352.56. Following the completion of the sale, the chief executive officer directly owned 600,446 shares of the company’s stock, valued at approximately $79,312,912.14. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply Stock Down 1.3%

NYSE:SITE opened at $127.46 on Tuesday. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $160.74. The company has a 50-day moving average of $138.42 and a 200 day moving average of $126.46. The firm has a market cap of $5.69 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 2.16 and a beta of 1.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.06.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.03). SiteOne Landscape Supply had a return on equity of 7.80% and a net margin of 2.69%.The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company earned $2.63 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

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.