Summit Creek Advisors LLC Takes Position in SiteOne Landscape Supply, Inc. $SITE

Summit Creek Advisors LLC acquired a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 41,949 shares of the industrial products company’s stock, valued at approximately $4,799,000.

Several other institutional investors have also bought and sold shares of the stock. Basecamp Wealth Advisors LLC grew its position in SiteOne Landscape Supply by 219.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock valued at $25,000 after buying an additional 127 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of SiteOne Landscape Supply by 72.7% in the 1st quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 88 shares during the period. Rothschild Investment LLC lifted its stake in shares of 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 worth $28,000 after acquiring an additional 213 shares during the period. IFP Advisors Inc boosted its holdings in shares of SiteOne Landscape Supply by 106.8% in the fourth quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 158 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of SiteOne Landscape Supply in the fourth quarter valued at approximately $42,000.

Analyst Ratings Changes

SITE has been the topic of several recent analyst reports. Weiss Ratings cut SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Zacks Research lowered SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. KeyCorp lowered their price target on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Barclays lowered their price target on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $100.00 price objective (down from $153.00) on shares of SiteOne Landscape Supply in a research note on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $135.27.

Insiders Place Their Bets

In related news, CEO Doug Black acquired 8,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average price of $102.03 per share, for a total transaction of $816,240.00. Following the transaction, the chief executive officer owned 8,000 shares of the company’s stock, valued at approximately $816,240. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Fred M. Diaz sold 562 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $1,267,762.84. This represents a 4.75% decrease in their ownership of the stock. 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 corporate insiders.

SiteOne Landscape Supply Stock Down 0.4%

NYSE SITE opened at $95.23 on Wednesday. SiteOne Landscape Supply, Inc. has a 12 month low of $90.07 and a 12 month high of $168.56. The company has a market capitalization of $4.16 billion, a P/E ratio of 26.09, a PEG ratio of 1.43 and a beta of 1.35. The company’s 50 day simple moving average is $104.50 and its 200 day simple moving average is $122.52. 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 (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). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%.The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.86 earnings per share. Equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.93 earnings per share for the current fiscal year.

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.