Citigroup Inc. Sells 9,783 Shares of SiteOne Landscape Supply, Inc. $SITE

Citigroup Inc. decreased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 152,092 shares of the industrial products company’s stock after selling 9,783 shares during the quarter. Citigroup Inc. owned approximately 0.34% of SiteOne Landscape Supply worth $19,589,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP raised its holdings in shares of SiteOne Landscape Supply by 61.2% in the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock valued at $29,000 after buying an additional 90 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 107 shares during the last quarter. HM Payson & Co. raised its stake in shares of SiteOne Landscape Supply by 32.2% in the third quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 97 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of SiteOne Landscape Supply by 145.2% during the second quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 270 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of SiteOne Landscape Supply by 276.5% during the third quarter. Bessemer Group Inc. now owns 448 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 329 shares during the last quarter.

Insider Buying and Selling

In related news, EVP Eric J. Elema sold 1,765 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $158.01, for a total transaction of $278,887.65. Following the sale, the executive vice president owned 2,911 shares of the company’s stock, valued at approximately $459,967.11. This trade represents a 37.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply Stock Performance

Shares of NYSE:SITE opened at $146.98 on Friday. The firm’s 50 day simple moving average is $142.26 and its 200 day simple moving average is $135.47. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $168.56. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 43.74, a P/E/G ratio of 1.81 and a beta of 1.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.47 and a quick ratio of 1.20.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.09. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.28%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.48) earnings per share. As a group, sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on SITE. Zacks Research raised SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Stifel Nicolaus set a $144.00 price target on SiteOne Landscape Supply in a research note on Monday, February 9th. Robert W. Baird set a $190.00 price objective on SiteOne Landscape Supply in a research report on Thursday, February 12th. Royal Bank Of Canada boosted their price objective on SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Finally, Truist Financial raised their target price on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $159.44.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.