Redmond Asset Management LLC decreased its position in SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) by 68.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,699 shares of the industrial products company’s stock after selling 7,956 shares during the period. Redmond Asset Management LLC’s holdings in SiteOne Landscape Supply were worth $334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bamco Inc. NY acquired a new stake in SiteOne Landscape Supply during the 2nd quarter worth about $232,115,000. BlackRock Inc. acquired a new position in shares of SiteOne Landscape Supply in the second quarter valued at about $221,355,000. Conestoga Capital Advisors LLC increased its holdings in shares of SiteOne Landscape Supply by 2.9% in the first quarter. Conestoga Capital Advisors LLC now owns 1,106,701 shares of the industrial products company’s stock valued at $147,313,000 after purchasing an additional 31,684 shares during the period. Amundi increased its holdings in shares of SiteOne Landscape Supply by 49.0% in the second quarter. Amundi now owns 1,048,747 shares of the industrial products company’s stock valued at $120,043,000 after purchasing an additional 344,980 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of SiteOne Landscape Supply by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 805,336 shares of the industrial products company’s stock worth $107,191,000 after purchasing an additional 28,958 shares during the last quarter.
SiteOne Landscape Supply Stock Performance
NYSE SITE opened at $110.79 on Friday. The firm has a market capitalization of $4.84 billion, a P/E ratio of 29.16, a PEG ratio of 1.81 and a beta of 1.38. The stock has a 50-day simple moving average of $94.33 and a two-hundred day simple moving average of $116.77. 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, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $168.56.
SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last issued its earnings results on Wednesday, October 28th. The industrial products company reported $1.46 EPS for the quarter, hitting analysts’ consensus estimates of $1.46. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. SiteOne Landscape Supply had a return on equity of 10.12% and a net margin of 3.49%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 earnings per share. On average, equities analysts forecast that SiteOne Landscape Supply, Inc. will post 3.71 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms recently commented on SITE. Stifel Nicolaus decreased their target price on SiteOne Landscape Supply from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday. Barclays cut their price target on shares of SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. UBS Group raised their price target on shares of SiteOne Landscape Supply from $110.00 to $122.00 and gave the stock a “neutral” rating in a research report on Thursday. Royal Bank Of Canada reduced their price target on shares of SiteOne Landscape Supply from $135.00 to $124.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $114.00 price objective on shares of SiteOne Landscape Supply in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average target price of $123.00.
Check Out Our Latest Stock Report on SITE
Key Headlines Impacting SiteOne Landscape Supply
Here are the key news stories impacting SiteOne Landscape Supply this week:
- Positive Sentiment: Profitability improved: Third-quarter adjusted EBITDA grew 8%, while adjusted EBITDA margin expanded by 60 basis points despite weak underlying demand and a delayed fall season caused by hot, dry weather. EPS of $1.46 increased from $1.31 a year earlier and exceeded the $1.37 Zacks consensus estimate. SiteOne Third Quarter 2026 Earnings
- Positive Sentiment: Expanded buyback provides support: SiteOne increased its share-repurchase authorization by $500 million, potentially supporting earnings per share and signaling management’s confidence in the company’s long-term value. SiteOne Share Repurchase Increase
- Positive Sentiment: UBS raised its price target: UBS lifted its target for SITE from $110 to $122, implying additional upside from the current trading level, although it maintained a neutral rating. UBS SiteOne Price Target Revision
- Neutral Sentiment: Revenue growth remained modest: Third-quarter revenue rose 2.6% year over year to $1.29 billion, narrowly missing the approximately $1.30 billion consensus estimate. The revenue shortfall reflects continued softness in landscape-market demand, partially offset by margin gains. SiteOne Third Quarter Earnings
- Negative Sentiment: Zacks downgraded the stock: Zacks Research moved its rating from “hold” to “strong sell,” adding a bearish counterpoint to UBS’s higher price target and highlighting concern about valuation or the company’s demand outlook. Zacks SiteOne Rating
Insiders Place Their Bets
In related news, CEO Doug Black purchased 8,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was bought 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 owned 8,000 shares of the company’s stock, valued at $816,240. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.
About SiteOne Landscape Supply
SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.
Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.
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