Canada Pension Plan Investment Board acquired a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 82,400 shares of the industrial products company's stock, valued at approximately $9,427,000. Canada Pension Plan Investment Board owned 0.19% of SiteOne Landscape Supply as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in SITE. Basecamp Wealth Advisors LLC grew its holdings in SiteOne Landscape Supply by 219.0% in the 1st 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 during the last quarter. Whittier Trust Co. lifted its holdings in shares of SiteOne Landscape Supply by 72.7% during the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company's stock worth $27,000 after buying an additional 88 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of SiteOne Landscape Supply by 1,521.4% during the fourth quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company's stock worth $28,000 after buying an additional 213 shares during the last quarter. IFP Advisors Inc boosted its position in shares of SiteOne Landscape Supply by 106.8% in the fourth 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 during the period. Finally, Empowered Funds LLC bought a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at approximately $42,000.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on SITE shares. Robert W. Baird dropped their target price on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 28th. Truist Financial reduced their price target on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Stifel Nicolaus restated a "hold" rating and issued a $100.00 price target (down from $153.00) on shares of SiteOne Landscape Supply in a research report on Thursday, July 30th. KeyCorp dropped their price objective on shares of SiteOne Landscape Supply from $145.00 to $135.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Finally, Weiss Ratings lowered shares of SiteOne Landscape Supply from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, August 17th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $135.27.
Get Our Latest Analysis on SITE
SiteOne Landscape Supply Stock Performance
Shares of NYSE SITE opened at $96.56 on Friday. The business has a fifty day simple moving average of $102.73 and a 200 day simple moving average of $119.87. The company has a current ratio of 2.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 1.40 and a beta of 1.35. SiteOne Landscape Supply, Inc. has a one year low of $90.07 and a one year high of $168.56.
SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted 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). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%.The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.86 EPS. Sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current year.
Insider Buying and Selling at SiteOne Landscape Supply
In other SiteOne Landscape Supply news, CEO Doug Black bought 5,000 shares of the firm's stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average cost of $96.13 per share, for a total transaction of $480,650.00. Following the transaction, the chief executive officer owned 13,000 shares in the company, valued at approximately $1,249,690. The trade was a 62.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.10% of the company's stock.
SiteOne Landscape Supply Profile
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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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