SiteOne Landscape Supply, Inc. $SITE Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 766,520 shares of the industrial products company’s stock after buying an additional 5,679 shares during the quarter. Geode Capital Management LLC owned 1.72% of SiteOne Landscape Supply worth $95,499,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Man Group plc lifted its holdings in SiteOne Landscape Supply by 0.4% during the 2nd quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock worth $2,702,000 after buying an additional 86 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in SiteOne Landscape Supply by 0.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 16,928 shares of the industrial products company’s stock worth $2,109,000 after buying an additional 89 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after buying an additional 107 shares in the last quarter. Mitchell & Pahl Private Wealth LLC lifted its holdings in SiteOne Landscape Supply by 2.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 5,915 shares of the industrial products company’s stock worth $737,000 after buying an additional 118 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in SiteOne Landscape Supply by 4.9% during the 4th quarter. State of Alaska Department of Revenue now owns 2,821 shares of the industrial products company’s stock worth $351,000 after buying an additional 133 shares in the last quarter.

SiteOne Landscape Supply Trading Up 2.5%

Shares of NYSE:SITE opened at $105.24 on Friday. SiteOne Landscape Supply, Inc. has a 52 week low of $100.52 and a 52 week high of $168.56. The company’s 50 day moving average is $125.23 and its two-hundred day moving average is $133.23. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The company has a market cap of $4.66 billion, a PE ratio of 31.23, a P/E/G ratio of 1.37 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The firm had revenue of $940.10 million during the quarter, compared to analysts’ expectations of $982.27 million. During the same period in the prior year, the company posted ($0.61) earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Equities analysts predict that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Fred M. Diaz sold 563 shares of the company’s 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 transaction, the director owned 11,829 shares in the company, valued at approximately $1,361,872.77. This represents a 4.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their target price on shares of SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Barclays dropped their price objective on shares of SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. UBS Group assumed coverage on shares of SiteOne Landscape Supply in a research report on Friday, April 10th. They issued a “neutral” rating and a $140.00 price objective on the stock. Finally, Robert W. Baird set a $160.00 price objective on shares of SiteOne Landscape Supply in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average price target of $160.10.

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.