SiteOne Landscape Supply, Inc. $SITE Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC reduced its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 60.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,247 shares of the industrial products company’s stock after selling 6,520 shares during the quarter. Legato Capital Management LLC’s holdings in SiteOne Landscape Supply were worth $529,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Millennium Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 45.9% during the first quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock worth $9,126,000 after purchasing an additional 23,657 shares during the period. NewEdge Advisors LLC raised its position 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 worth $48,000 after acquiring an additional 107 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of SiteOne Landscape Supply by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock valued at $25,907,000 after buying an additional 11,574 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of SiteOne Landscape Supply by 10.6% in the first 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 valued at $20,679,000 after buying an additional 16,378 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of SiteOne Landscape Supply in the first quarter valued at $6,797,000.

SiteOne Landscape Supply Trading Down 0.1%

NYSE:SITE opened at $113.29 on Wednesday. SiteOne Landscape Supply, Inc. has a 12-month low of $109.10 and a 12-month high of $168.56. The firm has a market capitalization of $5.02 billion, a P/E ratio of 33.62, a P/E/G ratio of 1.48 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96. The business has a 50 day simple moving average of $129.29 and a 200 day simple moving average of $134.31.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The business had revenue of $940.10 million for the quarter, compared to analyst estimates of $982.27 million. During the same quarter last year, the firm posted ($0.61) EPS. The company’s revenue was up .1% compared to the same quarter last year. Equities research analysts predict that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on SITE. Bank of America decreased their price objective on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Truist Financial raised their price target on SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Stifel Nicolaus raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research note on Monday, May 4th. UBS Group assumed coverage on SiteOne Landscape Supply in a report on Friday, April 10th. They set a “neutral” rating and a $140.00 target price on the stock. Finally, Robert W. Baird set a $160.00 target price on SiteOne Landscape Supply in a report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and a consensus target price of $160.10.

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.