WINTON GROUP Ltd Purchases Shares of 5,900 SiteOne Landscape Supply, Inc. $SITE

WINTON GROUP Ltd acquired a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,900 shares of the industrial products company’s stock, valued at approximately $675,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Squarepoint Ops LLC bought a new position in SiteOne Landscape Supply during the 2nd quarter worth approximately $6,977,000. Bamco Inc. NY boosted its stake in shares of SiteOne Landscape Supply by 3.1% in the 4th 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 during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of SiteOne Landscape Supply in the 2nd quarter valued at $3,059,000. Summit Creek Advisors LLC increased its position in shares of SiteOne Landscape Supply by 22.1% during the fourth quarter. Summit Creek Advisors LLC now owns 73,442 shares of the industrial products company’s stock worth $9,148,000 after buying an additional 13,312 shares during the period. Finally, Norges Bank acquired a new stake in shares of SiteOne Landscape Supply during the fourth quarter worth $18,925,000.

SiteOne Landscape Supply Price Performance

SITE stock opened at $89.59 on Tuesday. The company has a market capitalization of $3.91 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 1.34 and a beta of 1.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.01 and a current ratio of 2.30. SiteOne Landscape Supply, Inc. has a 52-week low of $89.32 and a 52-week high of $168.56. The business has a 50-day simple moving average of $99.54 and a two-hundred day simple moving average of $115.32.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%.The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.86 earnings per share. Research analysts expect that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current fiscal year.

Insider Activity

In related news, CEO Doug Black purchased 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average price of $102.03 per share, for a total transaction of $816,240.00. Following the completion of the acquisition, the chief executive officer owned 8,000 shares of the company’s stock, valued at $816,240. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on SITE. Truist Financial dropped their target price on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Royal Bank Of Canada decreased their price target on SiteOne Landscape Supply from $171.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Barclays decreased their price target on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. UBS Group dropped their price objective on SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Finally, Stifel Nicolaus restated a “hold” rating and set a $100.00 target price (down from $153.00) on shares of SiteOne Landscape Supply in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus target price of $135.27.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc is a wholesale distributor of landscape, irrigation, and outdoor living products serving professional customers across the United States and Canada. The company supplies landscape contractors, golf course professionals, green-industry businesses, municipalities, and other commercial customers through a network of local branches and distribution facilities.

Its product offerings include irrigation and water-management systems, nursery and landscape supplies, seed, fertilizer, turf and ornamental plant protection products, landscape lighting, hardscape materials, outdoor living products, and related maintenance equipment.