SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC raised its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 4.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 52,163 shares of the industrial products company’s stock after purchasing an additional 2,379 shares during the period. Janus Henderson Group PLC owned about 0.12% of SiteOne Landscape Supply worth $6,868,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Jefferies Financial Group Inc. acquired a new stake in SiteOne Landscape Supply in the fourth quarter valued at $233,000. D. E. Shaw & Co. Inc. lifted its position in shares of SiteOne Landscape Supply by 67.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 32,589 shares of the industrial products company’s stock valued at $4,294,000 after acquiring an additional 13,149 shares in the last quarter. Centiva Capital LP purchased a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at $807,000. Bridgefront Capital LLC purchased a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at $271,000. Finally, Captrust Financial Advisors lifted its position in shares of SiteOne Landscape Supply by 32.4% in the fourth quarter. Captrust Financial Advisors now owns 10,115 shares of the industrial products company’s stock valued at $1,333,000 after acquiring an additional 2,475 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SITE shares. Deutsche Bank Aktiengesellschaft started coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They issued a “hold” rating and a $135.00 price objective on the stock. Robert W. Baird reduced their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus reduced their price objective on SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. Barclays reduced their price objective on SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada reduced their price objective on SiteOne Landscape Supply from $136.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, SiteOne Landscape Supply presently has a consensus rating of “Hold” and an average price target of $145.70.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock opened at $125.63 on Friday. The stock’s 50-day moving average is $118.30 and its 200-day moving average is $132.14. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 46.70 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $160.75.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.11). The firm had revenue of $939.40 million during the quarter, compared to analysts’ expectations of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.43) earnings per share. Equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.