Quantinno Capital Management LP Buys 16,539 Shares of SiteOne Landscape Supply, Inc. $SITE

Quantinno Capital Management LP boosted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 79.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 37,359 shares of the industrial products company’s stock after buying an additional 16,539 shares during the quarter. Quantinno Capital Management LP’s holdings in SiteOne Landscape Supply were worth $4,973,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC increased its stake in shares of SiteOne Landscape Supply by 45.9% in the first quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock valued at $9,126,000 after buying an additional 23,657 shares during the period. NewEdge Advisors LLC lifted its stake in shares of SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 107 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of SiteOne Landscape Supply by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock worth $25,907,000 after acquiring an additional 11,574 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in SiteOne Landscape Supply by 10.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company’s stock valued at $20,679,000 after acquiring an additional 16,378 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in SiteOne Landscape Supply in the first quarter valued at approximately $6,797,000.

SiteOne Landscape Supply Trading Down 3.6%

SITE opened at $98.34 on Friday. The company has a fifty day moving average price of $105.56 and a two-hundred day moving average price of $125.23. SiteOne Landscape Supply, Inc. has a 1-year low of $90.07 and a 1-year high of $168.56. The company has a market cap of $4.29 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 1.48 and a beta of 1.35. The company has a current ratio of 2.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.36.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%.SiteOne Landscape Supply’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $2.86 EPS. Analysts predict that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Fred M. Diaz sold 563 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $115.13, for a total transaction of $64,818.19. Following the completion of the sale, the director owned 11,829 shares in the company, valued at $1,361,872.77. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Doug Black bought 8,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $102.03 per share, for a total transaction of $816,240.00. Following the completion of the transaction, the chief executive officer directly owned 8,000 shares of the company’s stock, valued at $816,240. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SITE shares. Bank of America lowered their price target on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a report on Monday, April 20th. Weiss Ratings raised shares of SiteOne Landscape Supply from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday. KeyCorp decreased their price objective on shares of SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Zacks Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. Finally, UBS Group lowered their target price on shares of SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $135.27.

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.