Man Group plc acquired a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 115,803 shares of the industrial products company’s stock, valued at approximately $13,249,000. Man Group plc owned approximately 0.27% of SiteOne Landscape Supply as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Basecamp Wealth Advisors LLC grew its holdings in shares of SiteOne Landscape Supply by 219.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock valued at $25,000 after buying an additional 127 shares in the last quarter. Whittier Trust Co. boosted its position in SiteOne Landscape Supply by 72.7% during the 1st quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 88 shares during the period. Rothschild Investment LLC boosted its position in 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 during the period. IFP Advisors Inc grew its stake in SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 158 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in SiteOne Landscape Supply during the 4th quarter valued at about $42,000.
Insiders Place Their Bets
In related news, CEO Doug Black purchased 8,000 shares of SiteOne Landscape Supply stock in a transaction on Tuesday, August 4th. The stock was bought at an average price of $102.03 per share, with a total value of $816,240.00. Following the completion of the transaction, the chief executive officer directly owned 8,000 shares of the company’s stock, valued at approximately $816,240. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by company insiders.
SiteOne Landscape Supply Stock Performance
SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the business posted $2.86 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Barclays reduced their price target on shares of SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Thursday, April 30th. UBS Group cut their target price on shares of SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. KeyCorp decreased their target price on shares of SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Finally, Stifel Nicolaus restated a “hold” rating and set a $100.00 price target (down from $153.00) on shares of SiteOne Landscape Supply in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $135.27.
Read Our Latest Analysis on SiteOne Landscape Supply
SiteOne Landscape Supply Company Profile
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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