Capital Fund Management S.A. Acquires New Shares in 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. acquired a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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. Hsbc Holdings PLC increased its holdings in SiteOne Landscape Supply by 22.7% in the 1st quarter. Hsbc Holdings PLC now owns 5,676 shares of the industrial products company's stock valued at $687,000 after purchasing an additional 1,050 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of SiteOne Landscape Supply in the first quarter valued at about $3,325,000. Northern Trust Corp grew its stake in shares of SiteOne Landscape Supply by 0.4% in the first quarter. Northern Trust Corp now owns 303,641 shares of the industrial products company's stock valued at $36,874,000 after buying an additional 1,185 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of SiteOne Landscape Supply in the first quarter valued at about $32,000. Finally, American Century Companies Inc. grew its position in SiteOne Landscape Supply by 5.1% in the first quarter. American Century Companies Inc. now owns 521,564 shares of the industrial products company's stock valued at $63,339,000 after acquiring an additional 25,171 shares in the last quarter.

Insider Activity at SiteOne Landscape Supply

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

SiteOne Landscape Supply Stock Down 1.0%

SITE stock traded down $1.52 during mid-day trading on Friday, hitting $143.44. 326,072 shares of the company were exchanged, compared to its average volume of 518,380. The company has a market capitalization of $6.40 billion, a PE ratio of 52.35, a price-to-earnings-growth ratio of 2.39 and a beta of 1.60. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $160.74. The firm has a fifty day simple moving average of $132.69 and a 200 day simple moving average of $125.21. The company has a current ratio of 2.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.35.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.86 EPS for the quarter, missing analysts' consensus estimates of $2.89 by ($0.03). The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates 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 quarter last year, the business posted $2.63 earnings per share. On average, research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

SITE has been the subject of several recent research reports. Royal Bank Of Canada increased 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 research report on Thursday, July 31st. Wall Street Zen raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SiteOne Landscape Supply presently has a consensus rating of "Hold" and an average price target of $147.00.

SiteOne Landscape Supply 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.