98,758 Shares in SiteOne Landscape Supply, Inc. $SITE Bought by Interval Partners LP

Interval Partners LP purchased a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 98,758 shares of the industrial products company’s stock, valued at approximately $12,720,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC lifted its stake in shares of SiteOne Landscape Supply by 45.9% in the first quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock worth $9,126,000 after acquiring an additional 23,657 shares during the period. NewEdge Advisors LLC increased its position in SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 107 shares during the period. Goldman Sachs Group Inc. increased its position in SiteOne Landscape Supply by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock valued at $25,907,000 after purchasing an additional 11,574 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in SiteOne Landscape Supply by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company’s stock worth $20,679,000 after purchasing an additional 16,378 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of SiteOne Landscape Supply in the 1st quarter worth approximately $6,797,000.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, EVP Eric J. Elema sold 1,765 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $158.01, for a total transaction of $278,887.65. Following the transaction, the executive vice president owned 2,911 shares in the company, valued at approximately $459,967.11. This represents a 37.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SITE shares. Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, January 21st. Truist Financial boosted their target price on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Robert W. Baird set a $190.00 price target on shares of SiteOne Landscape Supply in a research report on Thursday, February 12th. Finally, Bank of America initiated coverage on SiteOne Landscape Supply in a report on Thursday, December 18th. They set a “buy” rating and a $147.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus target price of $159.44.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $130.06 on Friday. The firm has a 50 day moving average of $144.33 and a 200-day moving average of $135.11. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 38.71, a price-to-earnings-growth ratio of 1.68 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 2.47 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.09. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.28%. SiteOne Landscape Supply’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.48) EPS. On average, equities analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

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.