60,982 Shares in SiteOne Landscape Supply, Inc. $SITE Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC bought a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 60,982 shares of the industrial products company’s stock, valued at approximately $6,977,000. Squarepoint Ops LLC owned 0.14% of SiteOne Landscape Supply at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Basecamp Wealth Advisors LLC boosted its stake in shares of SiteOne Landscape Supply by 219.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 127 shares during the last quarter. Whittier Trust Co. increased its stake in shares of SiteOne Landscape Supply by 72.7% in the 1st quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 88 shares in the last quarter. Rothschild Investment LLC increased its stake in shares of 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 worth $28,000 after purchasing an additional 213 shares in the last quarter. IFP Advisors Inc raised its holdings 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 worth $38,000 after purchasing an additional 158 shares during the period. Finally, Empowered Funds LLC bought a new position in SiteOne Landscape Supply in the 4th quarter worth $42,000.

Analyst Ratings Changes

SITE has been the subject of several recent research reports. Barclays cut 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 lowered their price objective on SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings upgraded SiteOne Landscape Supply from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. KeyCorp reduced their target price on shares of SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating for the company in a report 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 note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and a consensus price target of $135.27.

SiteOne Landscape Supply Trading Down 3.4%

Shares of SITE stock opened at $94.48 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.01 and a current ratio of 2.30. The stock has a fifty day simple moving average of $100.34 and a two-hundred day simple moving average of $116.11. The firm has a market capitalization of $4.12 billion, a PE ratio of 25.89, a PEG ratio of 1.42 and a beta of 1.34. SiteOne Landscape Supply, Inc. has a 52-week low of $90.07 and a 52-week high of $168.56.

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

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average cost of $96.13 per share, with a total value of $480,650.00. Following the acquisition, the chief executive officer owned 13,000 shares in the company, valued at approximately $1,249,690. This trade represents a 62.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.10% of the company’s stock.

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.