Sanctuary Advisors LLC Buys Shares of 8,516 SiteOne Landscape Supply, Inc. $SITE

Sanctuary Advisors LLC purchased a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 8,516 shares of the industrial products company’s stock, valued at approximately $974,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Man Group plc increased its stake in shares of SiteOne Landscape Supply by 0.4% during the second quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock valued at $2,702,000 after acquiring an additional 86 shares during the period. Whittier Trust Co. lifted its position in SiteOne Landscape Supply by 72.7% in the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 88 shares during the period. Parallel Advisors LLC boosted its stake in SiteOne Landscape Supply by 15.6% during the 1st quarter. Parallel Advisors LLC now owns 652 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 88 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in 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 valued at $2,109,000 after purchasing an additional 89 shares in the last quarter. Finally, NewEdge Advisors LLC increased 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 valued at $48,000 after purchasing an additional 107 shares during the period.

SiteOne Landscape Supply Price Performance

NYSE SITE opened at $95.40 on Friday. SiteOne Landscape Supply, Inc. has a 1 year low of $90.07 and a 1 year high of $168.56. The business’s fifty day moving average is $103.00 and its two-hundred day moving average is $120.03. The stock has a market capitalization of $4.16 billion, a P/E ratio of 26.14, a P/E/G ratio of 1.39 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.01 and a current ratio of 2.30.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SITE shares. Stifel Nicolaus reissued a “hold” rating and issued a $100.00 price objective (down from $153.00) on shares of SiteOne Landscape Supply in a research note on Thursday, July 30th. UBS Group decreased their target price on SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. KeyCorp lowered their target price on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Weiss Ratings cut shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, August 17th. Finally, Royal Bank Of Canada cut their price target on shares of SiteOne Landscape Supply from $171.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $135.27.

Insider Activity at SiteOne Landscape Supply

In related news, CEO Doug Black bought 8,000 shares of SiteOne Landscape Supply stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average cost of $102.03 per share, with a total value of $816,240.00. Following the completion of the acquisition, the chief executive officer directly owned 8,000 shares in the company, valued at approximately $816,240. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by corporate 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.