SiteOne Landscape Supply, Inc. $SITE Shares Newly Purchased by Markel Group Inc.

Markel Group Inc. purchased a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in the third quarter, HoldingsChannel.com reports. The fund purchased 7,956 shares of the industrial products company’s stock, valued at approximately $719,000.

Other institutional investors have also modified their holdings of the company. Provenance Wealth Advisors LLC acquired a new stake in shares of SiteOne Landscape Supply in the 3rd quarter worth approximately $233,000. Bridge City Capital LLC lifted its holdings in shares of SiteOne Landscape Supply by 41.2% in the third quarter. Bridge City Capital LLC now owns 84,477 shares of the industrial products company’s stock valued at $7,629,000 after purchasing an additional 24,642 shares in the last quarter. Vise Technologies Inc. acquired a new stake in shares of SiteOne Landscape Supply in the third quarter valued at approximately $317,000. State of Wyoming grew its position in shares of SiteOne Landscape Supply by 88.3% in the third quarter. State of Wyoming now owns 1,715 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 804 shares during the last quarter. Finally, Parcion Private Wealth LLC purchased a new position in shares of SiteOne Landscape Supply during the 3rd quarter worth approximately $363,000.

Insider Buying and Selling

In other SiteOne Landscape Supply news, CEO Doug Black bought 9,100 shares of SiteOne Landscape Supply stock in a transaction that occurred on Friday, October 30th. The shares were purchased at an average cost of $110.30 per share, for a total transaction of $1,003,730.00. Following the completion of the transaction, the chief executive officer owned 18,141 shares of the company’s stock, valued at $2,000,952.30. This represents a 100.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.10% of the company’s stock.

SiteOne Landscape Supply Trading Down 2.6%

Shares of SITE opened at $111.62 on Wednesday. The stock has a fifty day moving average of $95.33 and a two-hundred day moving average of $116.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.03 and a current ratio of 2.41. The company has a market capitalization of $4.81 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29. SiteOne Landscape Supply, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.46. SiteOne Landscape Supply had a return on equity of 10.06% and a net margin of 3.49%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the firm earned $1.31 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. As a group, analysts forecast that SiteOne Landscape Supply, Inc. will post 3.74 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Truist Financial cut their price objective on SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. The Goldman Sachs Group reiterated a “neutral” rating and set a $114.00 target price on shares of SiteOne Landscape Supply in a report on Wednesday, October 28th. William Blair reissued a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 7th. Stifel Nicolaus cut their price target on SiteOne Landscape Supply from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, October 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating and reduced their price objective for the company from $127.00 to $91.00 in a research report on Thursday, October 8th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average target price of $123.00.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.

Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.