SiteOne Landscape Supply, Inc. $SITE Shares Bought by Inceptionr LLC

Inceptionr LLC boosted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 133.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,382 shares of the industrial products company’s stock after buying an additional 4,223 shares during the quarter. Inceptionr LLC’s holdings in SiteOne Landscape Supply were worth $951,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Bamco Inc. NY increased its holdings in SiteOne Landscape Supply by 14.2% in the 2nd quarter. Bamco Inc. NY now owns 1,941,817 shares of the industrial products company’s stock valued at $234,843,000 after purchasing an additional 242,106 shares during the last quarter. State Street Corp boosted its position in SiteOne Landscape Supply by 1.7% in the 2nd quarter. State Street Corp now owns 777,354 shares of the industrial products company’s stock valued at $94,013,000 after buying an additional 12,766 shares during the period. Dimensional Fund Advisors LP boosted its position in SiteOne Landscape Supply by 4.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 732,391 shares of the industrial products company’s stock valued at $94,327,000 after buying an additional 31,019 shares during the period. American Century Companies Inc. grew its stake in shares of SiteOne Landscape Supply by 20.6% in the second quarter. American Century Companies Inc. now owns 629,029 shares of the industrial products company’s stock worth $76,075,000 after acquiring an additional 107,465 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its stake in shares of SiteOne Landscape Supply by 20.1% in the third quarter. Artisan Partners Limited Partnership now owns 538,556 shares of the industrial products company’s stock worth $69,366,000 after acquiring an additional 90,205 shares in the last quarter.

SiteOne Landscape Supply Stock Up 2.5%

SiteOne Landscape Supply stock opened at $134.12 on Tuesday. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $168.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.47 and a quick ratio of 1.20. The stock has a market cap of $5.96 billion, a PE ratio of 39.92, a P/E/G ratio of 1.69 and a beta of 1.59. The stock’s fifty day moving average is $143.73 and its two-hundred day moving average is $135.33.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.09. SiteOne Landscape Supply had a return on equity of 9.28% and a net margin of 3.23%.The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the firm posted ($0.48) EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Eric J. Elema sold 1,765 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $158.01, for a total transaction of $278,887.65. Following the completion of the sale, the executive vice president owned 2,911 shares in the company, valued at $459,967.11. The trade was a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays boosted their target price on SiteOne Landscape Supply from $134.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Truist Financial lifted their price objective on SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada boosted their price objective on SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, January 21st. Finally, Robert W. Baird set a $190.00 target price on shares of SiteOne Landscape Supply in a report on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, SiteOne Landscape Supply currently has an average rating of “Hold” and a consensus price target of $159.44.

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.