State of Wisconsin Investment Board Boosts Position in SiteOne Landscape Supply Inc. (SITE)
State of Wisconsin Investment Board increased its position in SiteOne Landscape Supply Inc. (NYSE:SITE) by 1.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,000 shares of the company’s stock after buying an additional 1,000 shares during the period. State of Wisconsin Investment Board’s holdings in SiteOne Landscape Supply were worth $3,629,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in SiteOne Landscape Supply during the second quarter worth approximately $132,000. American International Group Inc. acquired a new position in shares of SiteOne Landscape Supply during the second quarter worth about $228,000. DIAM Co. Ltd. acquired a new position in shares of SiteOne Landscape Supply during the second quarter worth about $272,000. Alambic Investment Management L.P. acquired a new position in shares of SiteOne Landscape Supply during the third quarter worth about $292,000. Finally, Lombard Odier Asset Management USA Corp acquired a new position in shares of SiteOne Landscape Supply during the second quarter worth about $340,000. 76.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SiteOne Landscape Supply Inc. (NYSE:SITE) traded down 3.79% on Tuesday, hitting $33.74. The stock had a trading volume of 1,403,951 shares. The company’s 50 day moving average price is $33.01 and its 200-day moving average price is $34.47. The company’s market cap is $1.33 billion. SiteOne Landscape Supply Inc. has a 12 month low of $25.49 and a 12 month high of $40.97.
SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.08. SiteOne Landscape Supply had a return on equity of 33.19% and a net margin of 1.86%. The business had revenue of $444.50 million for the quarter, compared to the consensus estimate of $465.84 million. SiteOne Landscape Supply’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts expect that SiteOne Landscape Supply Inc. will post ($2.85) earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This piece was reported by Daily Political and is the propert of of Daily Political. If you are accessing this piece on another publication, it was illegally copied and republished in violation of international trademark and copyright laws. The correct version of this piece can be viewed at http://www.dailypolitical.com/2016/11/29/state-of-wisconsin-investment-board-boosts-position-in-siteone-landscape-supply-inc-site.html.
SiteOne Landscape Supply Company Profile
SiteOne Landscape Supply, Inc is a wholesale distributor of landscape supplies in the United States. The Company, through its North American network of approximately 460 branch locations in over 40 states and five provinces, offers a selection of approximately 90,000 stock keeping units (SKUs), including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, hardscapes (including pavers, natural stones and blocks), outdoor lighting and ice melt products.
Want to see what other hedge funds are holding SITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiteOne Landscape Supply Inc. (NYSE:SITE).
Receive News & Ratings for SiteOne Landscape Supply Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply Inc. and related companies with MarketBeat.com's FREE daily email newsletter.