EFG International AG Purchases Shares of 28,793 SiteOne Landscape Supply, Inc. $SITE

EFG International AG acquired a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the 2nd quarter, Holdings Channel reports. The firm acquired 28,793 shares of the industrial products company’s stock, valued at approximately $3,296,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Basecamp Wealth Advisors LLC increased its stake in shares of SiteOne Landscape Supply by 219.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock worth $25,000 after buying an additional 127 shares during the period. Whittier Trust Co. raised its holdings in SiteOne Landscape Supply by 72.7% in the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 88 shares in the last quarter. Rothschild Investment LLC lifted its stake in 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 acquiring an additional 213 shares during the last quarter. IFP Advisors Inc lifted its stake in 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 acquiring an additional 158 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in SiteOne Landscape Supply during the 4th quarter worth approximately $42,000.

Wall Street Analysts Forecast Growth

SITE has been the topic of a number of recent analyst reports. Barclays dropped their price objective on shares of 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. Stifel Nicolaus reiterated a “hold” rating and set a $100.00 target price (down from $153.00) on shares of SiteOne Landscape Supply in a research note on Thursday, July 30th. UBS Group dropped their target price on SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. KeyCorp cut their price target on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Finally, Zacks Research downgraded SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $135.27.

SiteOne Landscape Supply Stock Up 1.2%

Shares of NYSE:SITE opened at $96.24 on Thursday. The firm has a 50 day simple moving average of $103.30 and a 200-day simple moving average of $120.42. SiteOne Landscape Supply, Inc. has a twelve month low of $90.07 and a twelve month high of $168.56. The company has a current ratio of 2.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $4.20 billion, a PE ratio of 26.37, a P/E/G ratio of 1.38 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE) last posted its 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). SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the business earned $2.86 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities analysts predict that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other news, CEO Doug Black acquired 8,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $102.03 per share, with a total value of $816,240.00. Following the completion of the acquisition, the chief executive officer owned 8,000 shares in the company, valued at $816,240. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by corporate insiders.

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.