EFG International AG Purchases New Holdings in SiteOne Landscape Supply, Inc. $SITE

Key Points

• EFG International AG acquired 28,793 shares of SiteOne Landscape Supply during the second quarter, valued at approximately $3.3 million and representing about 0.07% of the company.
• Analyst sentiment is mixed: SiteOne has an average rating of “Hold” and an average price target of $135.27, although recent target revisions ranged from $108 to $155.
• SiteOne’s latest quarterly results fell short of expectations, with EPS of $3.14 versus the $3.36 consensus and revenue of $1.53 billion. CEO Doug Black separately purchased 8,000 shares at an average price of $102.03.

EFG International AG acquired a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 28,793 shares of the industrial products company's stock, valued at approximately $3,296,000. EFG International AG owned about 0.07% of SiteOne Landscape Supply at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Basecamp Wealth Advisors LLC raised its stake 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 purchasing an additional 127 shares during the last quarter. Whittier Trust Co. boosted its stake in SiteOne Landscape Supply by 72.7% during the 1st quarter. Whittier Trust Co. now owns 209 shares of the industrial products company's stock worth $27,000 after purchasing an additional 88 shares during the last quarter. Rothschild Investment LLC boosted its stake in SiteOne Landscape Supply by 1,521.4% during the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company's stock worth $28,000 after purchasing an additional 213 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of SiteOne Landscape Supply by 106.8% during the fourth quarter. IFP Advisors Inc now owns 306 shares of the industrial products company's stock worth $38,000 after buying an additional 158 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of SiteOne Landscape Supply during the fourth quarter worth $42,000.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group decreased their price target on shares of SiteOne Landscape Supply from $140.00 to $110.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. Robert W. Baird reduced their price objective on 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. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and set a $160.00 price objective on the stock in a research note on Thursday, April 30th. Barclays dropped their target price on SiteOne Landscape Supply from $129.00 to $108.00 and set an "equal weight" rating for the company in a report on Thursday, July 30th. Finally, Royal Bank Of Canada dropped their price objective on shares of SiteOne Landscape Supply from $171.00 to $135.00 and set an "outperform" rating for the company in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of "Hold" and an average target price of $135.27.

Insider Buying and Selling

In other SiteOne Landscape Supply news, CEO Doug Black purchased 8,000 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was acquired at an average price of $102.03 per share, for a total transaction of $816,240.00. Following the completion of the purchase, the chief executive officer directly owned 8,000 shares in the company, valued at approximately $816,240. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by corporate insiders.

SiteOne Landscape Supply Stock Up 1.2%

Shares of SITE opened at $96.24 on Thursday. The company's 50-day simple moving average is $103.30 and its 200-day simple moving average is $120.42. 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 1 year low of $90.07 and a 1 year high of $168.56. The stock has a market capitalization of $4.20 billion, a PE ratio of 26.37, a P/E/G ratio of 1.38 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings data 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). SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm posted $2.86 EPS. The company's revenue for the quarter was up 4.7% on a year-over-year basis. Analysts forecast that SiteOne Landscape Supply, Inc. will post 3.93 earnings per share for the current fiscal year.

About SiteOne Landscape Supply

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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