SiteOne Landscape Supply Inc (SITE) Shares Bought by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA raised its holdings in shares of SiteOne Landscape Supply Inc (NYSE:SITE) by 650.6% in the first quarter, Holdings Channel reports. The institutional investor owned 9,420 shares of the industrial products company’s stock after buying an additional 8,165 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in SiteOne Landscape Supply were worth $538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of SITE. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 67.9% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,431,340 shares of the industrial products company’s stock worth $134,380,000 after buying an additional 983,117 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of SiteOne Landscape Supply by 92.7% during the fourth quarter. Brown Advisory Inc. now owns 793,021 shares of the industrial products company’s stock worth $43,829,000 after buying an additional 381,468 shares during the last quarter. Norges Bank acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter worth approximately $14,846,000. Millennium Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 619.6% during the fourth quarter. Millennium Management LLC now owns 276,709 shares of the industrial products company’s stock worth $15,294,000 after buying an additional 238,257 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of SiteOne Landscape Supply by 30.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 950,115 shares of the industrial products company’s stock worth $52,512,000 after buying an additional 223,258 shares during the last quarter.

In other SiteOne Landscape Supply news, EVP Ross Anker sold 16,025 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $62.52, for a total value of $1,001,883.00. Following the sale, the executive vice president now directly owns 44,007 shares in the company, valued at $2,751,317.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Pascal Convers sold 9,750 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $63.74, for a total value of $621,465.00. Following the completion of the sale, the executive vice president now owns 9,750 shares in the company, valued at $621,465. The disclosure for this sale can be found here. Insiders sold 35,525 shares of company stock worth $2,157,551 over the last quarter. Company insiders own 4.10% of the company’s stock.

SITE has been the subject of a number of recent research reports. TheStreet upgraded SiteOne Landscape Supply from a “d+” rating to a “c-” rating in a research note on Monday, April 29th. Zacks Investment Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 24th. UBS Group set a $58.00 target price on SiteOne Landscape Supply and gave the company a “hold” rating in a research note on Friday, May 3rd. Berenberg Bank set a $76.00 target price on SiteOne Landscape Supply and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, ValuEngine upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $74.10.

Shares of NYSE SITE opened at $66.10 on Thursday. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.38 and a quick ratio of 0.94. The firm has a market capitalization of $2.55 billion, a P/E ratio of 38.21 and a beta of 1.14. SiteOne Landscape Supply Inc has a one year low of $45.32 and a one year high of $95.49.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, May 1st. The industrial products company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.11). The firm had revenue of $417.30 million during the quarter, compared to analyst estimates of $425.91 million. SiteOne Landscape Supply had a net margin of 3.10% and a return on equity of 23.17%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.43) earnings per share. Equities analysts anticipate that SiteOne Landscape Supply Inc will post 1.81 EPS for the current year.

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SiteOne Landscape Supply Profile

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, fertilizer and control products, landscape accessories, nursery goods, outdoor lightings, and ice melt products, as well as hardscapes, such as pavers, natural stones, and blocks.

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

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