Public Employees Retirement System of Ohio Takes Position in SiteOne Landscape Supply, Inc. $SITE

Public Employees Retirement System of Ohio bought a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,134 shares of the industrial products company's stock, valued at approximately $1,503,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Man Group plc grew its stake in SiteOne Landscape Supply by 0.4% during the second quarter. Man Group plc now owns 22,338 shares of the industrial products company's stock valued at $2,702,000 after acquiring an additional 86 shares in the last quarter. Whittier Trust Co. lifted its stake in SiteOne Landscape Supply by 72.7% in 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 in the last quarter. Parallel Advisors LLC lifted its stake in SiteOne Landscape Supply by 15.6% in the 1st quarter. Parallel Advisors LLC now owns 652 shares of the industrial products company's stock worth $87,000 after purchasing an additional 88 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company's stock valued at $48,000 after purchasing an additional 107 shares during the period. Finally, Xponance LLC boosted its holdings in SiteOne Landscape Supply by 3.3% in the 4th quarter. Xponance LLC now owns 3,800 shares of the industrial products company's stock valued at $473,000 after purchasing an additional 121 shares during the period.

SiteOne Landscape Supply Price Performance

SITE stock opened at $100.75 on Tuesday. The firm has a 50 day simple moving average of $101.22 and a two-hundred day simple moving average of $117.26. The stock has a market cap of $4.40 billion, a PE ratio of 27.60, a P/E/G ratio of 1.46 and a beta of 1.34. SiteOne Landscape Supply, Inc. has a one year low of $90.07 and a one year high of $168.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 1.01.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter last year, the business posted $2.86 EPS. The business's quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SITE has been the topic of several research analyst reports. Barclays decreased their price target on shares of SiteOne Landscape Supply from $129.00 to $108.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. Weiss Ratings raised SiteOne Landscape Supply from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, September 2nd. UBS Group reduced their target price on SiteOne Landscape Supply from $140.00 to $110.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Royal Bank Of Canada decreased their target price on SiteOne Landscape Supply from $171.00 to $135.00 and set an "outperform" rating on the stock in a research note on Thursday, July 30th. Finally, Zacks Research cut SiteOne Landscape Supply from a "hold" rating to a "strong sell" rating in a report on Monday, June 22nd. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply has a consensus rating of "Hold" and an average price target of $135.27.

Insider Buying and Selling

In other news, CEO Doug Black purchased 8,000 shares of the stock in a transaction on Tuesday, August 4th. The shares were acquired at an average price of $102.03 per share, for a total transaction of $816,240.00. Following the completion of the transaction, the chief executive officer directly owned 8,000 shares of the company's stock, valued at approximately $816,240. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 2.10% of the stock is currently owned by corporate insiders.

SiteOne Landscape Supply Company Profile

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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