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

Legato Capital Management LLC boosted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 59.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,767 shares of the industrial products company’s stock after purchasing an additional 4,025 shares during the period. Legato Capital Management LLC’s holdings in SiteOne Landscape Supply were worth $1,387,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Man Group plc boosted its stake in shares of SiteOne Landscape Supply by 0.4% during the 2nd quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock valued at $2,702,000 after buying an additional 86 shares during the last quarter. Keynote Financial Services LLC lifted its position in shares of SiteOne Landscape Supply by 5.4% during the second quarter. Keynote Financial Services LLC now owns 1,740 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 89 shares during the last quarter. Allworth Financial LP increased its holdings in SiteOne Landscape Supply by 61.2% in the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock valued at $29,000 after buying an additional 90 shares during the last quarter. HM Payson & Co. lifted its holdings in SiteOne Landscape Supply by 32.2% during the 3rd quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock worth $51,000 after buying an additional 97 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC lifted its holdings in SiteOne Landscape Supply by 1.8% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 5,797 shares of the industrial products company’s stock worth $747,000 after buying an additional 105 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently commented on SITE. Stifel Nicolaus set a $144.00 price target on shares of SiteOne Landscape Supply in a report on Monday, February 9th. Robert W. Baird set a $190.00 price target on SiteOne Landscape Supply in a report on Thursday, February 12th. Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, January 21st. Zacks Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Barclays lifted their price objective on shares of SiteOne Landscape Supply from $134.00 to $150.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $159.44.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $140.13 on Wednesday. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 1.83 and a beta of 1.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.47 and a quick ratio of 1.20. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $168.56. The stock’s 50 day moving average price is $143.11 and its 200 day moving average price is $135.45.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.09. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. SiteOne Landscape Supply had a return on equity of 9.28% and a net margin of 3.23%.The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.48) earnings per share. Equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Activity at SiteOne Landscape Supply

In related news, EVP Eric J. Elema sold 1,765 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $158.01, for a total transaction of $278,887.65. Following the completion of the sale, the executive vice president directly owned 2,911 shares of the company’s stock, valued at $459,967.11. This represents a 37.75% 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. 2.60% of the stock is owned by insiders.

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.