11,400 Shares in SiteOne Landscape Supply, Inc. $SITE Purchased by Villanova Investment Management Co

Key Points

• Villanova Investment Management initiated a SiteOne Landscape Supply stake, buying 11,400 shares worth approximately $1.03 million in the third quarter.
• CEO Doug Black purchased 9,100 shares at $110.30 each, more than doubling his personal holding; company insiders collectively own 2.1% of shares.
• SiteOne matched quarterly EPS estimates at $1.46, while revenue of $1.29 billion came in slightly below expectations but grew 2.6% year over year. Analysts’ consensus rating is “Hold,” with an average price target of $123.

Villanova Investment Management Co bought a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,400 shares of the industrial products company's stock, valued at approximately $1,030,000.

Other large investors also recently made changes to their positions in the company. Bamco Inc. NY bought a new stake in SiteOne Landscape Supply in the 2nd quarter valued at $232,115,000. BlackRock Inc. acquired a new position in SiteOne Landscape Supply in the 2nd quarter valued at $221,355,000. Amundi increased its position in SiteOne Landscape Supply by 49.0% during the 2nd quarter. Amundi now owns 1,048,747 shares of the industrial products company's stock worth $120,043,000 after buying an additional 344,980 shares during the period. Dimensional Fund Advisors LP increased its position in SiteOne Landscape Supply by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 805,336 shares of the industrial products company's stock worth $107,191,000 after buying an additional 28,958 shares during the period. Finally, Jupiter Topco LLC bought a new position in SiteOne Landscape Supply during the 2nd quarter worth $59,521,000.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black purchased 9,100 shares of the firm's stock in a transaction dated Friday, October 30th. The shares were bought at an average price of $110.30 per share, for a total transaction of $1,003,730.00. Following the purchase, the chief executive officer owned 18,141 shares in the company, valued at approximately $2,000,952.30. This trade represents a 100.65% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.10% of the company's stock.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $113.76 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.03 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 31.09, a P/E/G ratio of 1.84 and a beta of 1.29. The firm's 50 day simple moving average is $96.14 and its 200 day simple moving average is $115.92. SiteOne Landscape Supply, Inc. has a 1 year low of $82.00 and a 1 year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.46. SiteOne Landscape Supply had a net margin of 3.49% and a return on equity of 10.06%. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same period last year, the firm posted $1.31 earnings per share. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SITE. Zacks Research cut shares of SiteOne Landscape Supply from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 27th. KeyCorp decreased their price target on shares of SiteOne Landscape Supply from $145.00 to $135.00 and set an "overweight" rating on the stock in a research note on Thursday, July 30th. Truist Financial lowered their price target on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Royal Bank Of Canada dropped their price objective on shares of SiteOne Landscape Supply from $135.00 to $124.00 and set an "outperform" rating for the company in a research note on Wednesday, October 7th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $114.00 price objective on shares of SiteOne Landscape Supply in a report on Wednesday, October 28th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $123.00.

SiteOne Landscape Supply Company Profile

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.

Want to see what other hedge funds are holding SITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.