SiteOne Landscape Supply, Inc. $SITE Shares Newly Acquired by Markel Group Inc.

Markel Group Inc. bought a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,956 shares of the industrial products company’s stock, valued at approximately $719,000.

Other large investors have also recently made changes to their positions in the company. Provenance Wealth Advisors LLC purchased a new position in SiteOne Landscape Supply during the 3rd quarter worth approximately $233,000. Bridge City Capital LLC lifted its stake in SiteOne Landscape Supply by 41.2% in the third quarter. Bridge City Capital LLC now owns 84,477 shares of the industrial products company’s stock valued at $7,629,000 after buying an additional 24,642 shares during the last quarter. Vise Technologies Inc. purchased a new stake in SiteOne Landscape Supply in the third quarter valued at approximately $317,000. State of Wyoming lifted its stake in SiteOne Landscape Supply by 88.3% in the third quarter. State of Wyoming now owns 1,715 shares of the industrial products company’s stock valued at $155,000 after buying an additional 804 shares during the last quarter. Finally, Parcion Private Wealth LLC acquired a new stake in shares of SiteOne Landscape Supply in the third quarter valued at approximately $363,000.

SiteOne Landscape Supply Trading Down 2.6%

NYSE SITE opened at $111.62 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 2.41 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $4.81 billion, a P/E ratio of 30.16, a P/E/G ratio of 1.89 and a beta of 1.29. SiteOne Landscape Supply, Inc. has a 52-week low of $82.00 and a 52-week high of $168.56. The firm has a 50-day moving average price of $95.33 and a 200 day moving average price of $116.25.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $1.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.46. SiteOne Landscape Supply had a return on equity of 10.06% and a net margin of 3.49%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the company earned $1.31 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.74 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SITE shares. Weiss Ratings upgraded shares of SiteOne Landscape Supply from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 22nd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $114.00 price target on shares of SiteOne Landscape Supply in a research report on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and decreased their price target for the stock from $127.00 to $91.00 in a research note on Thursday, October 8th. Robert W. Baird lowered their price objective on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Finally, William Blair restated a “market perform” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 7th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $123.00.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black acquired 9,100 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were purchased at an average price of $110.30 per share, with a total value of $1,003,730.00. Following the completion of the acquisition, the chief executive officer directly owned 18,141 shares of the company’s stock, valued at approximately $2,000,952.30. The trade was a 100.65% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.

Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.