Sone Capital Management LLC Takes $1.14 Million Position in SiteOne Landscape Supply, Inc. $SITE

Sone Capital Management LLC acquired a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,919 shares of the industrial products company’s stock, valued at approximately $1,135,000.

Other hedge funds also recently modified their holdings of the company. Basecamp Wealth Advisors LLC raised its stake in shares of SiteOne Landscape Supply by 219.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock worth $25,000 after buying an additional 127 shares during the last quarter. Whittier Trust Co. boosted its stake in SiteOne Landscape Supply by 72.7% in the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 88 shares during the last quarter. Rothschild Investment LLC boosted its stake in SiteOne Landscape Supply by 1,521.4% in the fourth quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 213 shares during the last quarter. IFP Advisors Inc grew its holdings in SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 158 shares during the period. Finally, Empowered Funds LLC acquired a new stake in SiteOne Landscape Supply during the 4th quarter worth $42,000.

Insider Activity

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 563 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $115.13, for a total value of $64,818.19. Following the completion of the transaction, the director directly owned 11,829 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Doug Black bought 8,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost of $102.03 per share, with a total value of $816,240.00. Following the completion of the purchase, the chief executive officer owned 8,000 shares of the company’s stock, valued at approximately $816,240. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 2.10% of the company’s stock.

SiteOne Landscape Supply Trading Down 0.6%

SITE opened at $95.33 on Tuesday. The firm’s fifty day moving average is $103.73 and its two-hundred day moving average is $121.17. The firm has a market cap of $4.16 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 1.39 and a beta of 1.35. SiteOne Landscape Supply, Inc. has a twelve month low of $90.07 and a twelve month high of $168.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.01 and a current ratio of 2.30.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SITE. Zacks Research downgraded SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. KeyCorp decreased their price objective on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Stifel Nicolaus reiterated a “hold” rating and issued a $100.00 price objective (down from $153.00) on shares of SiteOne Landscape Supply in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings lowered SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, August 17th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply presently has a consensus rating of “Hold” and an average 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.