Capital Fund Management S.A. Acquires Shares of 11,757 SiteOne Landscape Supply, Inc. $SITE

Key Points

• Capital Fund Management S.A. has acquired a new stake in SiteOne Landscape Supply, Inc., purchasing 11,757 shares valued at approximately $1.43 million during the first quarter.
• Multiple institutional investors have increased their holdings in SiteOne, with notable acquisitions including a 67.4% increase by Hsbc Holdings PLC and a new position from Marshall Wace LLP worth about $447,000.
• SiteOne Landscape Supply has received mixed ratings from analysts, with a consensus rating of "Hold" and a price target of $147.00, reflecting varying outlooks on the company's stock performance.

Capital Fund Management S.A. bought a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 11,757 shares of the industrial products company's stock, valued at approximately $1,428,000.

Other large investors also recently made changes to their positions in the company. Bamco Inc. NY grew its stake in SiteOne Landscape Supply by 4.6% in the fourth quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company's stock valued at $217,786,000 after acquiring an additional 72,430 shares during the period. Conestoga Capital Advisors LLC grew its stake in SiteOne Landscape Supply by 1.4% in the first quarter. Conestoga Capital Advisors LLC now owns 1,183,574 shares of the industrial products company's stock valued at $143,733,000 after acquiring an additional 16,120 shares during the period. Ameriprise Financial Inc. grew its stake in SiteOne Landscape Supply by 12.9% in the fourth quarter. Ameriprise Financial Inc. now owns 637,409 shares of the industrial products company's stock valued at $83,989,000 after acquiring an additional 73,010 shares during the period. Dimensional Fund Advisors LP grew its position in SiteOne Landscape Supply by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 631,328 shares of the industrial products company's stock valued at $83,190,000 after purchasing an additional 27,409 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in SiteOne Landscape Supply by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 555,858 shares of the industrial products company's stock valued at $67,503,000 after purchasing an additional 2,951 shares during the period.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black sold 29,760 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $129.28, for a total value of $3,847,372.80. Following the transaction, the chief executive officer directly owned 596,684 shares in the company, valued at $77,139,307.52. The trade was a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph Ketter sold 39,640 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $126.28, for a total transaction of $5,005,739.20. Following the completion of the transaction, the executive vice president owned 13,663 shares in the company, valued at approximately $1,725,363.64. The trade was a 74.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,784 shares of company stock worth $9,828,465. Corporate insiders own 2.60% of the company's stock.

SiteOne Landscape Supply Stock Performance

Shares of NYSE SITE traded down $0.25 during midday trading on Thursday, reaching $144.80. The company's stock had a trading volume of 510,479 shares, compared to its average volume of 560,475. The firm has a 50 day moving average price of $132.16 and a 200-day moving average price of $125.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.06. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $160.74. The stock has a market capitalization of $6.46 billion, a P/E ratio of 52.85, a PEG ratio of 2.42 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($0.03). The business had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.49 billion. SiteOne Landscape Supply had a return on equity of 7.80% and a net margin of 2.69%.The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.63 EPS. As a group, equities analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SITE shares. Wall Street Zen raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Royal Bank Of Canada lifted their price objective on shares of SiteOne Landscape Supply from $130.00 to $143.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Finally, Truist Financial reduced their price objective on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $147.00.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.