Quantinno Capital Management LP Has $4.97 Million Stock Holdings in SiteOne Landscape Supply, Inc. $SITE

Quantinno Capital Management LP grew its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 79.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,359 shares of the industrial products company's stock after buying an additional 16,539 shares during the period. Quantinno Capital Management LP owned approximately 0.08% of SiteOne Landscape Supply worth $4,973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in shares of SiteOne Landscape Supply in the first quarter valued at about $2,005,000. Family Manage LLC bought a new position in SiteOne Landscape Supply during the first quarter worth about $224,000. Waverly Advisors LLC acquired a new stake in SiteOne Landscape Supply in the 1st quarter worth about $408,000. Public Employees Retirement System of Ohio raised its stake in SiteOne Landscape Supply by 13.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 56,723 shares of the industrial products company's stock worth $7,550,000 after purchasing an additional 6,915 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in SiteOne Landscape Supply by 15.2% in the 1st quarter. Sei Investments Co. now owns 254,882 shares of the industrial products company's stock valued at $33,927,000 after purchasing an additional 33,562 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Weiss Ratings upgraded shares of SiteOne Landscape Supply from a "sell (d)" rating to a "hold (c-)" rating in a research report on Monday. Truist Financial dropped 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 research report on Thursday, July 30th. UBS Group reduced their price target on SiteOne Landscape Supply from $140.00 to $110.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. Bank of America lowered their price objective on SiteOne Landscape Supply from $182.00 to $167.00 and set a "buy" rating on the stock in a research note on Monday, April 20th. Finally, Robert W. Baird dropped their price objective on SiteOne Landscape Supply from $160.00 to $155.00 and set an "outperform" rating for the company in a report on Tuesday, July 28th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $135.27.

Insider Activity

In other SiteOne Landscape Supply news, CEO Doug Black acquired 8,000 shares of the company's stock in a transaction that occurred 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 acquisition, the chief executive officer directly owned 8,000 shares in the company, valued at $816,240. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Fred M. Diaz sold 562 shares of SiteOne Landscape Supply stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $112.52, for a total transaction of $63,236.24. Following the sale, the director owned 11,267 shares in the company, valued at approximately $1,267,762.84. This represents a 4.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company's stock.

SiteOne Landscape Supply Stock Down 3.6%

Shares of SITE opened at $98.34 on Friday. 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 52 week low of $90.07 and a 52 week high of $168.56. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.48 and a beta of 1.35. The stock has a fifty day moving average of $105.56 and a 200-day moving average of $125.23.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued 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). The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%.The company's 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. As a group, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.93 earnings per share for the current fiscal year.

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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