Sanctuary Advisors LLC Invests $974,000 in SiteOne Landscape Supply, Inc. $SITE

Sanctuary Advisors LLC purchased a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) during the second quarter, Holdings Channel.com reports. The firm purchased 8,516 shares of the industrial products company’s stock, valued at approximately $974,000.

Several other hedge funds have also made changes to their positions in SITE. Wasatch Advisors LP boosted its stake in SiteOne Landscape Supply by 11.4% in the 3rd quarter. Wasatch Advisors LP now owns 2,177,446 shares of the industrial products company’s stock worth $280,455,000 after purchasing an additional 222,959 shares during the period. Bamco Inc. NY lifted its holdings in shares of SiteOne Landscape Supply by 3.1% in the fourth quarter. Bamco Inc. NY now owns 2,028,366 shares of the industrial products company’s stock valued at $252,653,000 after purchasing an additional 61,490 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of SiteOne Landscape Supply in the second quarter valued at $221,355,000. Capital World Investors boosted its position in shares of SiteOne Landscape Supply by 37.9% in the fourth quarter. Capital World Investors now owns 1,402,337 shares of the industrial products company’s stock worth $174,675,000 after buying an additional 385,666 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its position in shares of SiteOne Landscape Supply by 2.9% in the first quarter. Conestoga Capital Advisors LLC now owns 1,106,701 shares of the industrial products company’s stock worth $147,313,000 after buying an additional 31,684 shares during the period.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, CEO Doug Black purchased 8,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $102.03 per share, with a total value of $816,240.00. Following the purchase, the chief executive officer directly owned 8,000 shares of the company’s stock, valued at approximately $816,240. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on SITE shares. Robert W. Baird dropped their price target on SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Stifel Nicolaus reaffirmed 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. Deutsche Bank Aktiengesellschaft upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Thursday, April 30th. Royal Bank Of Canada reduced their price target on shares of SiteOne Landscape Supply from $171.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Finally, UBS Group decreased their price target on shares of SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus target price of $135.27.

SiteOne Landscape Supply Trading Down 0.7%

NYSE SITE opened at $95.40 on Friday. The company has a current ratio of 2.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.36. SiteOne Landscape Supply, Inc. has a 1-year low of $90.07 and a 1-year high of $168.56. The firm’s fifty day simple moving average is $103.00 and its 200-day simple moving average is $120.03. The company has a market capitalization of $4.16 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 1.39 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share (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 firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business posted $2.86 EPS. SiteOne Landscape Supply’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.93 earnings per share for the current fiscal year.

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.