Krilogy Financial LLC Acquires 4,885 Shares of SiteOne Landscape Supply, Inc. $SITE

Krilogy Financial LLC grew its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 196.0% during the first quarter, Holdings Channel reports. The firm owned 7,377 shares of the industrial products company’s stock after acquiring an additional 4,885 shares during the quarter. Krilogy Financial LLC’s holdings in SiteOne Landscape Supply were worth $992,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SITE. Wasatch Advisors LP raised its position 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 valued at $280,455,000 after buying an additional 222,959 shares during the last quarter. Bamco Inc. NY boosted its holdings in SiteOne Landscape Supply by 3.1% during the 4th quarter. Bamco Inc. NY now owns 2,028,366 shares of the industrial products company’s stock worth $252,653,000 after acquiring an additional 61,490 shares during the last quarter. 59 North Capital Management LP purchased a new position in SiteOne Landscape Supply during the 3rd quarter worth $214,417,000. Capital World Investors grew its stake in shares of SiteOne Landscape Supply by 37.9% in the 4th quarter. Capital World Investors now owns 1,402,337 shares of the industrial products company’s stock worth $174,675,000 after acquiring an additional 385,666 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of SiteOne Landscape Supply by 1.7% in the second quarter. State Street Corp now owns 777,354 shares of the industrial products company’s stock valued at $94,013,000 after purchasing an additional 12,766 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SITE shares. Robert W. Baird set a $160.00 price target on shares of SiteOne Landscape Supply in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Zacks Research lowered shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Thursday, April 30th. Finally, Barclays cut their target price on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $159.70.

Insiders Place Their Bets

In other news, Director Fred M. Diaz sold 563 shares of SiteOne Landscape Supply stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total value of $64,818.19. Following the completion of the transaction, the director owned 11,829 shares in the company, valued at $1,361,872.77. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by corporate insiders.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE opened at $115.09 on Friday. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $118.38 and a two-hundred day simple moving average of $130.89. SiteOne Landscape Supply, Inc. has a 1-year low of $100.52 and a 1-year high of $168.56. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 1.49 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $940.10 million during the quarter, compared to analysts’ expectations of $982.27 million. During the same period last year, the business posted ($0.61) EPS. The company’s revenue was up .1% compared to the same quarter last year. Analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.06 earnings per share for the current 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.