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


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Great Lakes Advisors LLC cut its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,950 shares of the industrial products company’s stock after selling 4,125 shares during the quarter. Great Lakes Advisors LLC’s holdings in SiteOne Landscape Supply were worth $17,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Engineers Gate Manager LP grew its holdings in SiteOne Landscape Supply by 300.8% during the 3rd quarter. Engineers Gate Manager LP now owns 12,883 shares of the industrial products company’s stock valued at $1,571,000 after buying an additional 9,669 shares during the last quarter. Foundry Partners LLC purchased a new stake in SiteOne Landscape Supply during the 4th quarter worth about $2,708,000. JPMorgan Chase & Co. lifted its holdings in SiteOne Landscape Supply by 4.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 850,089 shares of the industrial products company’s stock valued at $103,226,000 after purchasing an additional 34,814 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of SiteOne Landscape Supply by 32.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,851 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 951 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of SiteOne Landscape Supply by 1.8% during the third quarter. BlackRock Inc. now owns 3,168,402 shares of the industrial products company’s stock worth $386,387,000 after buying an additional 54,809 shares in the last quarter.

In other SiteOne Landscape Supply news, CEO Doug Black sold 15,000 shares of the company’s stock in a transaction dated Wednesday, January 13th. The shares were sold at an average price of $170.91, for a total value of $2,563,650.00. Following the completion of the transaction, the chief executive officer now directly owns 367,065 shares of the company’s stock, valued at approximately $62,735,079.15. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.49% of the company’s stock.

SITE stock opened at $157.55 on Tuesday. The firm has a market cap of $6.97 billion, a P/E ratio of 61.78 and a beta of 1.23. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.58 and a current ratio of 2.75. SiteOne Landscape Supply, Inc. has a 1 year low of $53.29 and a 1 year high of $179.04. The stock has a 50-day simple moving average of $165.39 and a 200-day simple moving average of $140.09.

Several research firms have recently issued reports on SITE. Barclays raised their price objective on SiteOne Landscape Supply from $123.00 to $134.00 and gave the stock an “equal weight” rating in a report on Friday, December 18th. Jefferies Financial Group upped their price objective on shares of SiteOne Landscape Supply from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, January 15th. Zacks Investment Research cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Thursday, February 18th. Finally, Robert W. Baird boosted their target price on shares of SiteOne Landscape Supply from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, October 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $130.38.

About SiteOne Landscape Supply

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 120,000 stock keeping units, including irrigation supplies, which consists controllers, valves, sprinkler heads, and irrigation and drainage pipes; fertilizers, grass seed, and ice melt products; control products, which include herbicides, fungicides, rodenticides, and other pesticides; landscape accessories, which comprise mulches, soil amendments, tools, and sod; nursery goods, which consist of deciduous shrubs, evergreen shrubs and trees, ornamental trees, shade trees, both field grown and container-grown nursery stock, and plant species; and outdoor lighting products, which include accent lights, dark lights, path lights, up lights, down lights, wall lights, and pool and aquatic area lighting, as well as hardscapes, such as pavers, natural stones, blocks, and other durable materials.

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

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