SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 3.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 171,936 shares of the industrial products company’s stock after selling 5,782 shares during the period. Natixis Advisors LLC owned approximately 0.38% of SiteOne Landscape Supply worth $22,656,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SITE. Tidal Investments LLC increased its position in shares of SiteOne Landscape Supply by 1.5% during the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock worth $780,000 after acquiring an additional 77 shares during the last quarter. Arizona State Retirement System increased its holdings in SiteOne Landscape Supply by 0.6% during the 4th quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company’s stock worth $1,726,000 after purchasing an additional 77 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of SiteOne Landscape Supply by 2.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company’s stock valued at $797,000 after buying an additional 119 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its position in shares of SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after buying an additional 131 shares in the last quarter.

SiteOne Landscape Supply Stock Performance

SITE stock opened at $123.58 on Tuesday. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 45.94 and a beta of 1.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The stock’s fifty day moving average is $134.90 and its two-hundred day moving average is $140.33.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. On average, research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Wall Street Analysts Forecast Growth

SITE has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price objective for the company from $145.00 to $175.00 in a research note on Friday, December 6th. Robert W. Baird decreased their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Royal Bank of Canada upped their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Stifel Nicolaus reissued a “hold” rating and set a $140.00 price target (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $154.56.

SiteOne Landscape Supply Company 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.