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

Landscape Capital Management L.L.C. acquired a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,407 shares of the industrial products company’s stock, valued at approximately $2,678,000. Landscape Capital Management L.L.C. owned about 0.05% of SiteOne Landscape Supply as of its most recent SEC filing.

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

SiteOne Landscape Supply Trading Up 0.4%

Shares of SITE stock opened at $96.01 on Friday. The business’s fifty day moving average price is $103.96 and its 200 day moving average price is $121.69. The firm has a market capitalization of $4.19 billion, a PE ratio of 26.30, a P/E/G ratio of 1.38 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 1.01. SiteOne Landscape Supply, Inc. has a 1-year low of $90.07 and a 1-year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, July 29th. The industrial products company reported $3.14 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 3.41% and a return on equity of 9.76%. SiteOne Landscape Supply’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $2.86 EPS. As a group, sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SITE. Weiss Ratings downgraded shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Barclays lowered their target price on shares of 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. Zacks Research lowered shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. UBS Group cut their price target on shares of SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Finally, Truist Financial reduced their price objective on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $135.27.

Insider Buying and Selling

In related news, CEO Doug Black purchased 8,000 shares of SiteOne Landscape Supply stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $102.03 per share, for a total transaction of $816,240.00. Following the transaction, the chief executive officer owned 8,000 shares in the company, valued at approximately $816,240. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Fred M. Diaz sold 562 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $112.52, for a total value of $63,236.24. Following the sale, the director directly owned 11,267 shares in the company, valued at $1,267,762.84. This trade represents a 4.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by company insiders.

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.