Callan Family Office LLC Increases Holdings in SiteOne Landscape Supply, Inc. $SITE

Callan Family Office LLC raised its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 120.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,377 shares of the industrial products company’s stock after purchasing an additional 2,395 shares during the quarter. Callan Family Office LLC’s holdings in SiteOne Landscape Supply were worth $529,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SITE. Price T Rowe Associates Inc. MD raised its holdings in shares of SiteOne Landscape Supply by 12.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,079,615 shares of the industrial products company’s stock valued at $738,309,000 after buying an additional 660,081 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of SiteOne Landscape Supply by 31.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,092,742 shares of the industrial products company’s stock valued at $254,143,000 after buying an additional 494,737 shares during the period. Conestoga Capital Advisors LLC raised its holdings in shares of SiteOne Landscape Supply by 1.4% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,183,574 shares of the industrial products company’s stock valued at $143,733,000 after buying an additional 16,120 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of SiteOne Landscape Supply by 21.3% in the 1st quarter. Ameriprise Financial Inc. now owns 773,358 shares of the industrial products company’s stock valued at $93,913,000 after buying an additional 135,949 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of SiteOne Landscape Supply by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 555,858 shares of the industrial products company’s stock valued at $67,503,000 after buying an additional 2,951 shares during the period.

Insider Buying and Selling

In other SiteOne Landscape Supply news, CEO Doug Black sold 7,384 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $132.09, for a total transaction of $975,352.56. Following the completion of the sale, the chief executive officer directly owned 600,446 shares of the company’s stock, valued at $79,312,912.14. This represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SITE has been the topic of several research analyst reports. Royal Bank Of Canada boosted their price objective on SiteOne Landscape Supply from $130.00 to $143.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Zacks Research downgraded SiteOne Landscape Supply from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. The Goldman Sachs Group cut their price target on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a report on Monday. Loop Capital upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price target for the stock from $150.00 to $160.00 in a report on Friday, September 19th. Finally, Wall Street Zen upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $148.50.

SiteOne Landscape Supply Stock Up 3.3%

Shares of NYSE SITE opened at $124.04 on Wednesday. The stock has a market cap of $5.53 billion, a PE ratio of 45.27, a price-to-earnings-growth ratio of 2.04 and a beta of 1.59. The company has a quick ratio of 1.06, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $160.74. The business has a 50-day moving average price of $136.14 and a 200 day moving average price of $126.39.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.03). The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $2.63 earnings per share. Equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.