SiteOne Landscape Supply, Inc. $SITE Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 13.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 56,723 shares of the industrial products company’s stock after buying an additional 6,915 shares during the period. Public Employees Retirement System of Ohio owned about 0.13% of SiteOne Landscape Supply worth $7,550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SITE. Man Group plc grew its holdings in SiteOne Landscape Supply by 0.4% during the second quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock worth $2,702,000 after acquiring an additional 86 shares during the period. Whittier Trust Co. raised its position in SiteOne Landscape Supply by 72.7% during 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. Parallel Advisors LLC lifted its holdings in SiteOne Landscape Supply by 15.6% in the first quarter. Parallel Advisors LLC now owns 652 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 88 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in SiteOne Landscape Supply by 0.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 16,928 shares of the industrial products company’s stock valued at $2,109,000 after acquiring an additional 89 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 107 shares during the period.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $103.34 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. SiteOne Landscape Supply, Inc. has a 12-month low of $98.17 and a 12-month high of $168.56. The business’s 50 day moving average is $107.80 and its two-hundred day moving average is $127.54. The company has a market capitalization of $4.58 billion, a P/E ratio of 30.67, a P/E/G ratio of 1.37 and a beta of 1.34.

SiteOne Landscape Supply (NYSE:SITE) last posted 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). The business had revenue of $940.10 million during the quarter, compared to analysts’ expectations of $982.27 million. SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.61) earnings per share. Analysts expect that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SITE has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Thursday, April 30th. KeyCorp began coverage on shares of SiteOne Landscape Supply in a research note on Monday, July 13th. They issued an “overweight” rating and a $145.00 target price for the company. Robert W. Baird lowered their price target on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday. Zacks Research lowered shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, June 22nd. Finally, UBS Group reaffirmed a “neutral” rating on shares of SiteOne Landscape Supply in a report on Thursday, June 25th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $156.18.

Insider Transactions at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 562 shares of SiteOne Landscape Supply stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $112.52, for a total value of $63,236.24. Following the sale, the director owned 11,267 shares of the company’s stock, valued at approximately $1,267,762.84. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company’s stock.

About SiteOne Landscape Supply

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.