Lecap Asset Management Ltd. Invests $292,000 in SiteOne Landscape Supply, Inc. $SITE

Lecap Asset Management Ltd. acquired a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,418 shares of the industrial products company’s stock, valued at approximately $292,000.

Several other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of SiteOne Landscape Supply by 12.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,079,615 shares of the industrial products company’s stock worth $738,309,000 after purchasing an additional 660,081 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of SiteOne Landscape Supply by 31.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,092,742 shares of the industrial products company’s stock worth $254,143,000 after purchasing an additional 494,737 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of SiteOne Landscape Supply by 1.4% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,183,574 shares of the industrial products company’s stock worth $143,733,000 after buying an additional 16,120 shares during the period. Ameriprise Financial Inc. boosted its stake in SiteOne Landscape Supply by 21.3% in the 1st quarter. Ameriprise Financial Inc. now owns 773,358 shares of the industrial products company’s stock valued at $93,913,000 after buying an additional 135,949 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in SiteOne Landscape Supply by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 555,858 shares of the industrial products company’s stock valued at $67,503,000 after buying an additional 2,951 shares in the last quarter.

Analyst Upgrades and Downgrades

SITE has been the topic of several recent analyst reports. Loop Capital raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price target for the company from $150.00 to $160.00 in a research note on Friday, September 19th. Zacks Research lowered SiteOne Landscape Supply from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Saturday, September 27th. Finally, Royal Bank Of Canada boosted their price target on SiteOne Landscape Supply from $130.00 to $143.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $150.50.

Insider Activity at SiteOne Landscape Supply

In other news, CEO Doug Black sold 7,384 shares of SiteOne Landscape Supply stock in a transaction on Friday, July 25th. The stock was sold at an average price of $132.09, for a total value of $975,352.56. Following the completion of the sale, the chief executive officer directly owned 600,446 shares of the company’s stock, valued at approximately $79,312,912.14. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply Trading Down 0.9%

Shares of SITE opened at $127.45 on Friday. The stock has a fifty day moving average price of $138.21 and a two-hundred day moving average price of $126.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.06 and a current ratio of 2.41. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $160.74. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 46.51, a PEG ratio of 2.15 and a beta of 1.59.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($0.03). The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.49 billion. SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.63 EPS. Analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal 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.