Landscape Capital Management L.L.C. Acquires New Holdings in SiteOne Landscape Supply, Inc. $SITE

Landscape Capital Management L.L.C. bought a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 23,407 shares of the industrial products company’s stock, valued at approximately $2,678,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ieq Capital LLC acquired a new stake in shares of SiteOne Landscape Supply in the second quarter valued at approximately $1,989,000. Callan Family Office LLC purchased a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth approximately $722,000. Allworth Financial LP purchased a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth approximately $176,000. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth approximately $3,344,000. Finally, Madison Asset Management LLC acquired a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth approximately $2,411,000.

Insider Transactions at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 563 shares of the firm’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 transaction, the director directly owned 11,829 shares in the company, valued at $1,361,872.77. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a document filed 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 acquired 8,000 shares of SiteOne Landscape Supply stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $102.03 per share, for a total transaction of $816,240.00. Following the completion of the purchase, the chief executive officer directly owned 8,000 shares in the company, valued at approximately $816,240. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SITE shares. KeyCorp lowered their target price on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Weiss Ratings downgraded SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. UBS Group dropped their target price on 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. Royal Bank Of Canada decreased their price target on SiteOne Landscape Supply from $171.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Finally, Truist Financial lowered their price target on SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $135.27.

SiteOne Landscape Supply Trading Up 0.4%

SITE stock opened at $96.01 on Friday. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 1.38 and a beta of 1.35. The company has a quick ratio of 1.01, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $103.96 and a 200-day simple moving average of $121.69. SiteOne Landscape Supply, Inc. has a 52 week low of $90.07 and a 52 week high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the business posted $2.86 EPS. SiteOne Landscape Supply’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current year.

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.