SiteOne Landscape Supply, Inc. $SITE Shares Bought by Atom Investors LP

Atom Investors LP grew its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 1,732.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 125,789 shares of the industrial products company’s stock after buying an additional 118,924 shares during the quarter. SiteOne Landscape Supply makes up approximately 1.2% of Atom Investors LP’s portfolio, making the stock its 3rd largest holding. Atom Investors LP’s holdings in SiteOne Landscape Supply were worth $15,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Man Group plc lifted its position 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 worth $2,702,000 after purchasing an additional 86 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of SiteOne Landscape Supply by 0.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 16,928 shares of the industrial products company’s stock worth $2,109,000 after purchasing an additional 89 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 107 shares during the last quarter. Mitchell & Pahl Private Wealth LLC lifted its position in shares of SiteOne Landscape Supply by 2.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 5,915 shares of the industrial products company’s stock worth $737,000 after purchasing an additional 118 shares during the last quarter. Finally, Xponance LLC lifted its position in shares of SiteOne Landscape Supply by 3.3% during the 4th quarter. Xponance LLC now owns 3,800 shares of the industrial products company’s stock worth $473,000 after purchasing an additional 121 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SITE shares. UBS Group started coverage on SiteOne Landscape Supply in a research report on Friday, April 10th. They set a “neutral” rating and a $140.00 price objective for the company. Bank of America cut their price objective on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Barclays lowered their price target on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings lowered SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird set a $160.00 price target on SiteOne Landscape Supply in a research note on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $160.10.

Insider Buying and Selling

In related news, Director Fred M. Diaz sold 562 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $112.52, for a total transaction of $63,236.24. Following the sale, the director directly owned 11,267 shares in the company, valued at $1,267,762.84. This represents a 4.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Trading Up 0.4%

SITE stock opened at $107.66 on Wednesday. SiteOne Landscape Supply, Inc. has a 1-year low of $100.52 and a 1-year high of $168.56. The firm has a market cap of $4.77 billion, a P/E ratio of 31.95, a P/E/G ratio of 1.40 and a beta of 1.35. The business’s 50 day moving average is $121.88 and its 200-day moving average is $132.07. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share 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 company had revenue of $940.10 million during the quarter, compared to the consensus estimate of $982.27 million. During the same quarter in the prior year, the company posted ($0.61) earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current fiscal year.

SiteOne Landscape Supply 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.