Interval Partners LP Buys 335,893 Shares of SiteOne Landscape Supply, Inc. $SITE

Interval Partners LP boosted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 340.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 434,651 shares of the industrial products company’s stock after purchasing an additional 335,893 shares during the period. SiteOne Landscape Supply comprises about 1.0% of Interval Partners LP’s holdings, making the stock its 19th largest holding. Interval Partners LP’s holdings in SiteOne Landscape Supply were worth $54,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC lifted its stake in SiteOne Landscape Supply by 541.9% in the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 168 shares during the last quarter. Rothschild Investment LLC lifted its stake in SiteOne Landscape Supply by 1,521.4% in the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 213 shares during the last quarter. IFP Advisors Inc lifted its stake in SiteOne Landscape Supply by 106.8% in the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 158 shares during the last quarter. Empowered Funds LLC bought a new position in SiteOne Landscape Supply in the 4th quarter valued at approximately $42,000. Finally, NewEdge Advisors LLC lifted its stake in SiteOne Landscape Supply by 36.6% in 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 last quarter.

SiteOne Landscape Supply Trading Down 2.0%

Shares of NYSE SITE opened at $105.49 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33. SiteOne Landscape Supply, Inc. has a 52-week low of $100.52 and a 52-week high of $168.56. The firm has a 50 day moving average price of $121.39 and a two-hundred day moving average price of $131.86. The stock has a market cap of $4.67 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 1.40 and a beta of 1.35.

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 the consensus estimate of ($0.33) by ($0.27). SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The business had revenue of $940.10 million during the quarter, compared to analyst estimates of $982.27 million. During the same quarter last year, the company posted ($0.61) earnings per share. The company’s revenue was up .1% compared to the same quarter last year. As a group, equities analysts forecast that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current year.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 563 shares of the company’s stock in a transaction that occurred on 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 directly owned 11,829 shares in the company, valued at approximately $1,361,872.77. This represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

SITE has been the subject of several research reports. Barclays dropped their price objective on shares of SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Bank of America dropped their price objective on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Thursday, April 30th. UBS Group initiated coverage on shares of SiteOne Landscape Supply in a research note on Friday, April 10th. They issued a “neutral” rating and a $140.00 price objective for the company. Finally, Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a research report on Monday, May 4th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply has a consensus rating of “Hold” and an average target price of $160.10.

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.