Victory Capital Management Inc. Cuts Stake in SiteOne Landscape Supply Inc (SITE)

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Victory Capital Management Inc. trimmed its position in SiteOne Landscape Supply Inc (NYSE:SITE) by 7.3% during the third quarter, HoldingsChannel.com reports. The firm owned 794,650 shares of the industrial products company’s stock after selling 62,195 shares during the quarter. Victory Capital Management Inc.’s holdings in SiteOne Landscape Supply were worth $59,869,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised its holdings in shares of SiteOne Landscape Supply by 4.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 17,191 shares of the industrial products company’s stock worth $1,444,000 after purchasing an additional 730 shares during the period. McCollum Christoferson Group LLC raised its holdings in shares of SiteOne Landscape Supply by 1.5% during the 3rd quarter. McCollum Christoferson Group LLC now owns 51,456 shares of the industrial products company’s stock valued at $3,877,000 after buying an additional 778 shares during the period. Tocqueville Asset Management L.P. raised its holdings in shares of SiteOne Landscape Supply by 3.7% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 22,305 shares of the industrial products company’s stock valued at $1,873,000 after buying an additional 800 shares during the period. Granite Investment Partners LLC raised its holdings in shares of SiteOne Landscape Supply by 0.5% during the 2nd quarter. Granite Investment Partners LLC now owns 193,835 shares of the industrial products company’s stock valued at $16,276,000 after buying an additional 1,017 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of SiteOne Landscape Supply by 3.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 40,997 shares of the industrial products company’s stock valued at $3,443,000 after buying an additional 1,438 shares during the period.

In other SiteOne Landscape Supply news, EVP L Briley Brisendine, Jr. sold 1,600 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $89.05, for a total transaction of $142,480.00. Following the completion of the sale, the executive vice president now owns 28,348 shares in the company, valued at approximately $2,524,389.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Joseph Ketter sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $93.67, for a total value of $281,010.00. Following the sale, the vice president now owns 8,396 shares of the company’s stock, valued at approximately $786,453.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,700 shares of company stock valued at $7,591,235. 4.40% of the stock is owned by insiders.

Shares of NYSE SITE opened at $66.69 on Wednesday. SiteOne Landscape Supply Inc has a fifty-two week low of $58.70 and a fifty-two week high of $95.49. The company has a quick ratio of 1.29, a current ratio of 2.72 and a debt-to-equity ratio of 1.90. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 55.12 and a beta of 1.52.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, October 31st. The industrial products company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). SiteOne Landscape Supply had a net margin of 3.90% and a return on equity of 31.11%. The business had revenue of $578.50 million for the quarter, compared to analyst estimates of $590.23 million. During the same quarter last year, the business earned $0.41 EPS. SiteOne Landscape Supply’s revenue for the quarter was up 15.1% compared to the same quarter last year. Equities analysts expect that SiteOne Landscape Supply Inc will post 2.03 earnings per share for the current fiscal year.

Several equities research analysts recently commented on SITE shares. Goldman Sachs Group started coverage on SiteOne Landscape Supply in a report on Tuesday, October 2nd. They set a “buy” rating and a $111.00 target price on the stock. ValuEngine downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Jefferies Financial Group started coverage on SiteOne Landscape Supply in a report on Friday, October 12th. They set a “buy” rating and a $80.00 target price on the stock. Barclays raised their target price on SiteOne Landscape Supply from $67.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. Finally, Zacks Investment Research downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $80.33.

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SiteOne Landscape Supply Profile

SiteOne Landscape Supply, Inc, through its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation supplies; fertilizer and control products, such as herbicides; landscape accessories; nursery goods outdoor lighting; and ice melt products, as well as hardscapes, including pavers, natural stones, and blocks; turf protection products; grass seed; and turf care equipment and golf course maintenance supplies, as well as value-added consultative services to its customers.

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

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