California Public Employees Retirement System boosted its position in SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) by 8.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,921 shares of the industrial products company’s stock after purchasing an additional 6,413 shares during the quarter. California Public Employees Retirement System’s holdings in SiteOne Landscape Supply were worth $11,437,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of SITE. Whittier Trust Co. boosted its holdings in shares of SiteOne Landscape Supply by 72.7% in the 1st quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $27,000 after buying an additional 88 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of SiteOne Landscape Supply by 1,521.4% during the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 213 shares in the last quarter. IFP Advisors Inc raised its stake in shares of SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 158 shares in the last quarter. Empowered Funds LLC purchased a new stake in SiteOne Landscape Supply during the fourth quarter valued at approximately $42,000. Finally, NewEdge Advisors LLC lifted its position in SiteOne Landscape Supply by 36.6% during the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 107 shares during the last quarter.
Insider Buying and Selling
In related news, Director Fred M. Diaz sold 563 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $115.13, for a total transaction of $64,818.19. Following the completion of the transaction, the director directly owned 11,829 shares in the company, valued at $1,361,872.77. This trade represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by company insiders.
SiteOne Landscape Supply Trading Up 1.4%
SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.27). SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The company had revenue of $940.10 million during the quarter, compared to analyst estimates of $982.27 million. During the same quarter in the prior year, the company posted ($0.61) earnings per share. The business’s revenue was up .1% compared to the same quarter last year. On average, analysts predict that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current year.
Analysts Set New Price Targets
SITE has been the topic of a number of research analyst reports. Bank of America dropped their price target on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Barclays lowered their price target on shares of SiteOne Landscape Supply from $148.00 to $129.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. Robert W. Baird set a $160.00 price target on shares of SiteOne Landscape Supply in a research note on Thursday, April 30th. Weiss Ratings lowered SiteOne Landscape Supply from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. Finally, Zacks Research downgraded SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, June 22nd. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $156.64.
Get Our Latest Stock Analysis on SiteOne Landscape Supply
About SiteOne Landscape Supply
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.
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