Citigroup Inc. Has $19.59 Million Stock Position in SiteOne Landscape Supply, Inc. $SITE

Citigroup Inc. lowered its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 152,092 shares of the industrial products company’s stock after selling 9,783 shares during the quarter. Citigroup Inc.’s holdings in SiteOne Landscape Supply were worth $19,589,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of SiteOne Landscape Supply by 61.2% during the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 90 shares during the period. NewEdge Advisors LLC boosted its stake in SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 107 shares during the period. HM Payson & Co. increased its holdings in SiteOne Landscape Supply by 32.2% during the 3rd quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 97 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of SiteOne Landscape Supply by 145.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 270 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of SiteOne Landscape Supply by 276.5% in the third quarter. Bessemer Group Inc. now owns 448 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 329 shares in the last quarter.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE opened at $146.98 on Friday. The firm has a market cap of $6.53 billion, a P/E ratio of 43.74, a price-to-earnings-growth ratio of 1.81 and a beta of 1.59. The business’s 50 day moving average is $142.26 and its 200-day moving average is $135.47. The company has a current ratio of 2.47, a quick ratio of 1.20 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.09. SiteOne Landscape Supply had a return on equity of 9.28% and a net margin of 3.23%.The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the firm posted ($0.48) EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Eric J. Elema sold 1,765 shares of SiteOne Landscape Supply stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $158.01, for a total value of $278,887.65. Following the completion of the sale, the executive vice president owned 2,911 shares in the company, valued at $459,967.11. The trade was a 37.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SITE. Barclays increased their price objective on SiteOne Landscape Supply from $134.00 to $150.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, January 21st. Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Truist Financial raised their target price on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Stifel Nicolaus set a $144.00 price target on shares of SiteOne Landscape Supply in a research note on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $159.44.

About SiteOne Landscape Supply

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.