SiteOne Landscape Supply, Inc. $SITE Stock Holdings Lifted by Wasatch Advisors LP

Wasatch Advisors LP increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,121,524 shares of the industrial products company’s stock after acquiring an additional 33,347 shares during the quarter. SiteOne Landscape Supply accounts for about 1.9% of Wasatch Advisors LP’s holdings, making the stock its 11th largest position. Wasatch Advisors LP’s holdings in SiteOne Landscape Supply were worth $282,396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bamco Inc. NY grew its position in SiteOne Landscape Supply by 3.1% during the 4th quarter. Bamco Inc. NY now owns 2,028,366 shares of the industrial products company’s stock worth $252,653,000 after purchasing an additional 61,490 shares in the last quarter. 59 North Capital Management LP acquired a new stake in SiteOne Landscape Supply during the 3rd quarter valued at $214,417,000. Capital World Investors raised its stake in SiteOne Landscape Supply by 37.9% during the 4th quarter. Capital World Investors now owns 1,402,337 shares of the industrial products company’s stock valued at $174,675,000 after purchasing an additional 385,666 shares during the period. State Street Corp lifted its holdings in shares of SiteOne Landscape Supply by 1.7% in the second quarter. State Street Corp now owns 777,354 shares of the industrial products company’s stock valued at $94,013,000 after purchasing an additional 12,766 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of SiteOne Landscape Supply by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 776,378 shares of the industrial products company’s stock valued at $96,712,000 after purchasing an additional 43,987 shares in the last quarter.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 563 shares of SiteOne Landscape Supply stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total value of $64,818.19. Following the completion of the sale, the director owned 11,829 shares of the company’s stock, valued at approximately $1,361,872.77. The trade was a 4.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SITE. Bank of America lowered their price target on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Zacks Research downgraded SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. UBS Group restated a “neutral” rating on shares of SiteOne Landscape Supply in a research report on Thursday. Barclays decreased their price objective on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $159.70.

SiteOne Landscape Supply Stock Up 1.2%

Shares of SiteOne Landscape Supply stock opened at $116.34 on Friday. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 34.52, a P/E/G ratio of 1.54 and a beta of 1.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96. SiteOne Landscape Supply, Inc. has a 52-week low of $100.52 and a 52-week high of $168.56. The stock has a 50-day simple moving average of $117.95 and a 200-day simple moving average of $130.79.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.27). The business had revenue of $940.10 million for the quarter, compared to the consensus estimate of $982.27 million. SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. SiteOne Landscape Supply’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.61) EPS. On average, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 4.06 earnings per share for the current fiscal year.

SiteOne Landscape Supply Company 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.