SiteOne Landscape Supply Inc (SITE) Position Raised by Osterweis Capital Management Inc.

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Osterweis Capital Management Inc. boosted its position in SiteOne Landscape Supply Inc (NYSE:SITE) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,225 shares of the industrial products company’s stock after purchasing an additional 4,120 shares during the period. Osterweis Capital Management Inc.’s holdings in SiteOne Landscape Supply were worth $5,225,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new stake in SiteOne Landscape Supply in the first quarter valued at about $225,000. Sphera Funds Management LTD. acquired a new stake in SiteOne Landscape Supply in the first quarter valued at about $231,000. SG Americas Securities LLC lifted its position in shares of SiteOne Landscape Supply by 87.6% during the 2nd quarter. SG Americas Securities LLC now owns 4,104 shares of the industrial products company’s stock valued at $345,000 after acquiring an additional 1,916 shares during the period. Strs Ohio lifted its position in shares of SiteOne Landscape Supply by 246.2% during the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $377,000 after acquiring an additional 3,200 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of SiteOne Landscape Supply during the 2nd quarter valued at approximately $419,000.

SITE stock opened at $90.06 on Wednesday. SiteOne Landscape Supply Inc has a 12-month low of $50.57 and a 12-month high of $95.49. The company has a debt-to-equity ratio of 2.15, a current ratio of 2.69 and a quick ratio of 1.23. The company has a market cap of $3.66 billion, a PE ratio of 74.43 and a beta of 1.31.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.07). SiteOne Landscape Supply had a return on equity of 28.71% and a net margin of 3.39%. The company had revenue of $687.80 million for the quarter, compared to analyst estimates of $689.21 million. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. analysts forecast that SiteOne Landscape Supply Inc will post 2.03 earnings per share for the current year.

In related news, CEO Doug Black sold 12,000 shares of SiteOne Landscape Supply stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $91.99, for a total transaction of $1,103,880.00. Following the completion of the transaction, the chief executive officer now directly owns 403,228 shares in the company, valued at approximately $37,092,943.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John T. Guthrie sold 10,000 shares of SiteOne Landscape Supply stock in a transaction that occurred on Tuesday, June 19th. The stock was sold at an average price of $91.95, for a total value of $919,500.00. Following the transaction, the chief financial officer now owns 48,186 shares of the company’s stock, valued at $4,430,702.70. The disclosure for this sale can be found here. Insiders have sold a total of 190,175 shares of company stock valued at $17,130,236 over the last 90 days. Insiders own 4.40% of the company’s stock.

SITE has been the subject of a number of research reports. Robert W. Baird downgraded shares of SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $38.00 price target for the company. in a research report on Tuesday, July 3rd. Barclays lifted their price target on shares of SiteOne Landscape Supply from $67.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Zacks Investment Research downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. ValuEngine upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Finally, Royal Bank of Canada lifted their price target on shares of SiteOne Landscape Supply to $110.00 and gave the company a “positive” rating in a research report on Wednesday, June 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $80.57.

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.

Further Reading: NASDAQ Stock Market Explained

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

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