Royce & Associates LP Grows Stock Position in SiteOne Landscape Supply, Inc. $SITE

Royce & Associates LP increased its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 17.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,540 shares of the industrial products company’s stock after buying an additional 10,540 shares during the quarter. Royce & Associates LP’s holdings in SiteOne Landscape Supply were worth $9,343,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of SiteOne Landscape Supply by 61.2% in the 2nd quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 90 shares during the last quarter. NewEdge Advisors LLC lifted its stake in 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 purchasing an additional 107 shares during the last quarter. HM Payson & Co. boosted its position in shares of SiteOne Landscape Supply by 32.2% during the third quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock valued at $51,000 after buying an additional 97 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of SiteOne Landscape Supply by 145.2% during the second quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock valued at $55,000 after buying an additional 270 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of SiteOne Landscape Supply by 276.5% during the third quarter. Bessemer Group Inc. now owns 448 shares of the industrial products company’s stock valued at $58,000 after buying an additional 329 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SITE shares. Robert W. Baird set a $190.00 price target on SiteOne Landscape Supply in a research note on Thursday, February 12th. Zacks Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Truist Financial lifted their target price on SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Bank of America started coverage on shares of SiteOne Landscape Supply in a research note on Thursday, December 18th. They set a “buy” rating and a $147.00 target price for the company. Finally, Barclays upped their price target on shares of SiteOne Landscape Supply from $134.00 to $150.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus price target of $159.44.

SiteOne Landscape Supply Trading Down 1.2%

Shares of NYSE SITE opened at $140.13 on Wednesday. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $168.56. The firm has a market cap of $6.23 billion, a PE ratio of 41.71, a price-to-earnings-growth ratio of 1.83 and a beta of 1.59. The business has a fifty day simple moving average of $143.11 and a two-hundred day simple moving average of $135.45. The company has a quick ratio of 1.20, a current ratio of 2.47 and a debt-to-equity ratio of 0.29.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.09. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. SiteOne Landscape Supply had a return on equity of 9.28% and a net margin of 3.23%.The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.48) earnings per share. Analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Eric J. Elema sold 1,765 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $158.01, for a total transaction of $278,887.65. Following the transaction, the executive vice president owned 2,911 shares of the company’s stock, valued at approximately $459,967.11. This trade represents a 37.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.60% of the stock is currently owned by insiders.

SiteOne Landscape Supply 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.