Bamco Inc. NY bought a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,028,799 shares of the industrial products company's stock, valued at approximately $232,115,000. Bamco Inc. NY owned about 4.65% of SiteOne Landscape Supply at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in SiteOne Landscape Supply during the second quarter valued at about $221,355,000. Jupiter Topco LLC bought a new stake in SiteOne Landscape Supply in the second quarter worth about $59,521,000. Amundi bought a new stake in SiteOne Landscape Supply in the third quarter worth about $59,763,000. AQR Capital Management LLC boosted its stake in SiteOne Landscape Supply by 171.0% in the fourth quarter. AQR Capital Management LLC now owns 691,558 shares of the industrial products company's stock valued at $86,140,000 after acquiring an additional 436,376 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in SiteOne Landscape Supply in the second quarter valued at about $49,027,000.
Insider Activity at SiteOne Landscape Supply
In other news, CEO Doug Black acquired 8,000 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $102.03 per share, for a total transaction of $816,240.00. Following the completion of the transaction, the chief executive officer owned 8,000 shares of the company's stock, valued at $816,240. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.10% of the company's stock.
SiteOne Landscape Supply Price Performance
Shares of NYSE SITE opened at $96.24 on Thursday. 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 $90.07 and a fifty-two week high of $168.56. The stock has a market cap of $4.20 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.38 and a beta of 1.35. The stock has a fifty day moving average of $103.30 and a 200-day moving average of $120.42.
SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $3.14 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.22). SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%.The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the business earned $2.86 EPS. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.93 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have issued reports on SITE. Royal Bank Of Canada decreased their target price on SiteOne Landscape Supply from $171.00 to $135.00 and set an "outperform" rating for the company in a research report on Thursday, July 30th. Barclays cut their price target on SiteOne Landscape Supply from $129.00 to $108.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and set a $160.00 price objective for the company in a report on Thursday, April 30th. Zacks Research cut SiteOne Landscape Supply from a "hold" rating to a "strong sell" rating in a research note on Monday, June 22nd. Finally, KeyCorp lowered their price objective on 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. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $135.27.
Check Out Our Latest Stock Analysis on SITE
SiteOne Landscape Supply Profile
(
Free Report)
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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