ETRADE Capital Management LLC bought a new position in SiteOne Landscape Supply Inc (NYSE:SITE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 3,957 shares of the industrial products company’s stock, valued at approximately $304,000.
Other large investors have also modified their holdings of the company. BlackRock Inc. lifted its position in shares of SiteOne Landscape Supply by 2.4% in the fourth quarter. BlackRock Inc. now owns 2,241,837 shares of the industrial products company’s stock valued at $171,948,000 after acquiring an additional 52,033 shares in the last quarter. Bamco Inc. NY boosted its holdings in SiteOne Landscape Supply by 11.2% in the third quarter. Bamco Inc. NY now owns 1,720,722 shares of the industrial products company’s stock valued at $99,974,000 after purchasing an additional 172,650 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in SiteOne Landscape Supply by 2.1% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,532,262 shares of the industrial products company’s stock valued at $89,024,000 after purchasing an additional 32,160 shares during the last quarter. Wells Fargo & Company MN increased its position in SiteOne Landscape Supply by 312.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,366,395 shares of the industrial products company’s stock valued at $79,387,000 after acquiring an additional 1,034,971 shares during the period. Finally, Wasatch Advisors Inc. increased its position in shares of SiteOne Landscape Supply by 1,803.9% during the 4th quarter. Wasatch Advisors Inc. now owns 1,062,098 shares of the industrial products company’s stock valued at $81,463,000 after purchasing an additional 1,006,314 shares during the period.
In other SiteOne Landscape Supply news, EVP Ross Anker sold 6,080 shares of SiteOne Landscape Supply stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $77.19, for a total value of $469,315.20. Following the completion of the sale, the executive vice president now directly owns 34,040 shares of the company’s stock, valued at $2,627,547.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP L Briley Brisendine, Jr. sold 1,600 shares of SiteOne Landscape Supply stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $72.02, for a total transaction of $115,232.00. Following the completion of the sale, the executive vice president now directly owns 33,861 shares of the company’s stock, valued at $2,438,669.22. The disclosure for this sale can be found here. Insiders have sold a total of 19,840 shares of company stock worth $1,462,560 in the last quarter. 4.00% of the stock is currently owned by company insiders.
Shares of SITE stock traded up $1.65 during midday trading on Wednesday, reaching $76.88. 160,305 shares of the company were exchanged, compared to its average volume of 280,087. SiteOne Landscape Supply Inc has a 12-month low of $45.00 and a 12-month high of $80.56. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.28 and a current ratio of 2.92. The firm has a market cap of $2,952.25, a price-to-earnings ratio of 59.97 and a beta of 1.87.
SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Tuesday, February 20th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The business had revenue of $415.70 million during the quarter, compared to the consensus estimate of $410.38 million. SiteOne Landscape Supply had a net margin of 2.93% and a return on equity of 27.59%. SiteOne Landscape Supply’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the business posted ($0.14) EPS. analysts expect that SiteOne Landscape Supply Inc will post 1.9 earnings per share for the current fiscal year.
WARNING: “ETRADE Capital Management LLC Invests $304,000 in SiteOne Landscape Supply Inc (SITE) Stock” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://stocknewstimes.com/2018/03/21/etrade-capital-management-llc-purchases-shares-of-3957-siteone-landscape-supply-inc-site.html.
About SiteOne Landscape Supply
SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.
Receive News & Ratings for SiteOne Landscape Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply and related companies with MarketBeat.com's FREE daily email newsletter.