Empowered Funds LLC Takes Position in SiteOne Landscape Supply, Inc. $SITE

Empowered Funds LLC purchased a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 17,001 shares of the industrial products company’s stock, valued at approximately $1,945,000.

A number of other large investors have also added to or reduced their stakes in SITE. Man Group plc raised its holdings in SiteOne Landscape Supply by 0.4% in the 2nd quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock valued at $2,702,000 after acquiring an additional 86 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of 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. Parallel Advisors LLC grew its holdings in shares of SiteOne Landscape Supply by 15.6% during the 1st quarter. Parallel Advisors LLC now owns 652 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 88 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of 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 purchasing an additional 89 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 107 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SITE shares. Weiss Ratings raised SiteOne Landscape Supply from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. UBS Group reduced their price objective on shares of SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Barclays decreased their target price on shares of SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Zacks Research cut shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, June 22nd. Finally, KeyCorp cut their price target on shares of SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, SiteOne Landscape Supply has an average rating of “Hold” and a consensus target price of $135.27.

SiteOne Landscape Supply Trading Down 0.0%

Shares of SITE opened at $98.26 on Friday. SiteOne Landscape Supply, Inc. has a 52-week low of $90.07 and a 52-week high of $168.56. The business’s fifty day moving average is $101.81 and its 200-day moving average is $118.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.01 and a current ratio of 2.30. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 1.42 and a beta of 1.34.

SiteOne Landscape Supply (NYSE:SITE) last posted 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). SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%.The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the firm posted $2.86 EPS. SiteOne Landscape Supply’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black bought 8,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $102.03 per share, for a total transaction of $816,240.00. Following the completion of the transaction, the chief executive officer directly owned 8,000 shares in the company, valued at approximately $816,240. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.10% of the stock is currently owned by corporate 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.