Illinois Municipal Retirement Fund Buys 11,077 Shares of SiteOne Landscape Supply, Inc. $SITE

Illinois Municipal Retirement Fund raised its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 87.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 23,756 shares of the industrial products company’s stock after buying an additional 11,077 shares during the period. Illinois Municipal Retirement Fund’s holdings in SiteOne Landscape Supply were worth $2,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in SiteOne Landscape Supply in the 1st quarter valued at about $32,000. Eastern Bank acquired a new position in shares of SiteOne Landscape Supply in the first quarter valued at approximately $38,000. NewEdge Advisors LLC increased its stake in shares of SiteOne Landscape Supply by 36.6% during the first 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 period. Parallel Advisors LLC increased its stake in shares of SiteOne Landscape Supply by 49.5% during the second quarter. Parallel Advisors LLC now owns 562 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 186 shares during the period. Finally, SVB Wealth LLC acquired a new stake in SiteOne Landscape Supply during the 1st quarter worth approximately $69,000.

Analyst Upgrades and Downgrades

SITE has been the topic of several recent research reports. The Goldman Sachs Group lowered their price objective on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their price objective on shares of SiteOne Landscape Supply from $143.00 to $151.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Loop Capital upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their target price for the stock from $150.00 to $160.00 in a research report on Friday, September 19th. Finally, William Blair reissued a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 15th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, SiteOne Landscape Supply currently has an average rating of “Hold” and an average price target of $150.70.

SiteOne Landscape Supply Stock Up 0.5%

NYSE SITE opened at $127.08 on Friday. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $160.74. The business has a fifty day moving average price of $128.85 and a two-hundred day moving average price of $128.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.49 and a quick ratio of 1.14. The stock has a market capitalization of $5.66 billion, a PE ratio of 41.26, a PEG ratio of 2.05 and a beta of 1.60.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, October 29th. The industrial products company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.22 by $0.09. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

SiteOne Landscape Supply Company 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.