Entropy Technologies LP Purchases New Position in SiteOne Landscape Supply, Inc. $SITE

Entropy Technologies LP acquired a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,400 shares of the industrial products company’s stock, valued at approximately $411,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP raised its stake in shares of SiteOne Landscape Supply by 61.2% in the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 90 shares during the last quarter. Brooklyn Investment Group purchased a new position in SiteOne Landscape Supply in the 1st quarter worth about $32,000. Eastern Bank bought a new position in SiteOne Landscape Supply during the 1st quarter valued at about $38,000. NewEdge Advisors LLC lifted its stake in SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 107 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of SiteOne Landscape Supply by 49.5% during the 2nd quarter. Parallel Advisors LLC now owns 562 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 186 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SITE. William Blair restated a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 15th. Loop Capital raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price target for the company from $150.00 to $160.00 in a report on Friday, September 19th. Barclays lifted their price objective on SiteOne Landscape Supply from $106.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday, October 30th. Stifel Nicolaus set a $140.00 target price on SiteOne Landscape Supply in a report on Monday, November 17th. Finally, Zacks Research downgraded SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $152.10.

SiteOne Landscape Supply Price Performance

NYSE SITE opened at $134.98 on Wednesday. The company has a current ratio of 2.49, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $156.93. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 2.10 and a beta of 1.60. The company’s 50 day moving average is $126.44 and its two-hundred day moving average is $128.82.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.22 by $0.09. SiteOne Landscape Supply had a net margin of 2.98% and a return on equity of 8.62%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the firm earned $0.97 EPS. The company’s revenue was up 4.1% on a year-over-year basis. As a group, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

SiteOne Landscape Supply 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.