Quantbot Technologies LP Takes $788,000 Position in SiteOne Landscape Supply, Inc. $SITE

Quantbot Technologies LP bought a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in the 2nd quarter, HoldingsChannel reports. The fund bought 6,887 shares of the industrial products company’s stock, valued at approximately $788,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Basecamp Wealth Advisors LLC lifted 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 acquiring an additional 127 shares in the last quarter. Whittier Trust Co. increased its holdings in SiteOne Landscape Supply by 72.7% during the 1st quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 88 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of SiteOne Landscape Supply by 1,521.4% in the fourth quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 213 shares during the last quarter. IFP Advisors Inc raised its stake 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 worth $38,000 after purchasing an additional 158 shares during 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.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE opened at $96.24 on Thursday. The company has a market capitalization of $4.20 billion, a PE ratio of 26.37, a PEG ratio of 1.38 and a beta of 1.35. The company has a quick ratio of 1.01, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $103.30 and its 200-day moving average price is $120.42. SiteOne Landscape Supply, Inc. has a twelve month low of $90.07 and a twelve month high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $1.54 billion. SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.86 earnings per share. On average, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current year.

Analyst Upgrades and Downgrades

SITE has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $100.00 target price (down from $153.00) on shares of SiteOne Landscape Supply in a research report on Thursday, July 30th. Barclays dropped their price objective on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Royal Bank Of Canada cut their price objective on shares of SiteOne Landscape Supply from $171.00 to $135.00 and set an “outperform” 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. Finally, UBS Group lowered their target price 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. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $135.27.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black acquired 8,000 shares of SiteOne Landscape Supply stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $102.03 per share, for a total transaction of $816,240.00. Following the purchase, the chief executive officer directly owned 8,000 shares of the company’s stock, valued at $816,240. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.10% of the stock is owned by company 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.