SiteOne Landscape Supply, Inc. $SITE Stock Holdings Increased by California State Teachers Retirement System

California State Teachers Retirement System boosted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 22.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,009 shares of the industrial products company’s stock after purchasing an additional 9,571 shares during the period. California State Teachers Retirement System’s holdings in SiteOne Landscape Supply were worth $6,923,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SITE. Whittier Trust Co. grew its position 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 worth $27,000 after buying an additional 88 shares during the last quarter. Rothschild Investment LLC lifted its position in shares of SiteOne Landscape Supply by 1,521.4% during the 4th 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 lifted its position in shares of SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 158 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of SiteOne Landscape Supply during the 4th quarter worth $42,000. Finally, NewEdge Advisors LLC boosted its stake in shares of SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 107 shares in the last quarter.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $101.82 on Thursday. The company’s fifty day moving average is $105.83 and its two-hundred day moving average is $125.58. The company has a quick ratio of 1.01, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. SiteOne Landscape Supply, Inc. has a 12-month low of $90.07 and a 12-month high of $168.56. The company has a market cap of $4.44 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 1.47 and a beta of 1.35.

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

Insiders Place Their Bets

In related news, Director Fred M. Diaz sold 563 shares of the 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 sale, the director directly owned 11,829 shares of the company’s stock, valued at approximately $1,361,872.77. This represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. 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 report on Thursday, April 30th. KeyCorp decreased their price target on 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. Bank of America dropped their price target on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. UBS Group cut their price objective on SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, Barclays cut their price objective on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $135.27.

SiteOne Landscape Supply Company Profile

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.