Vestmark Advisory Solutions Inc. Purchases 26,159 Shares of SiteOne Landscape Supply, Inc. $SITE

Key Points

• Vestmark Advisory Solutions Inc. significantly increased its stake in SiteOne Landscape Supply by 135.3% during the first quarter, owning approximately 0.10% of the company valued at $5.5 million.
• SiteOne's latest quarterly earnings showed an EPS of $2.86, missing estimates but reflecting a 3.4% year-over-year revenue increase with total revenue of $1.46 billion.
• Analysts have mixed views on SiteOne, with some downgrading their price targets while maintaining a consensus rating of "Hold" and an average target price of $147.

Vestmark Advisory Solutions Inc. boosted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 135.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,498 shares of the industrial products company's stock after buying an additional 26,159 shares during the quarter. Vestmark Advisory Solutions Inc. owned approximately 0.10% of SiteOne Landscape Supply worth $5,525,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. OneDigital Investment Advisors LLC increased its stake in shares of SiteOne Landscape Supply by 22.3% in the first quarter. OneDigital Investment Advisors LLC now owns 1,877 shares of the industrial products company's stock worth $228,000 after acquiring an additional 342 shares during the last quarter. Teacher Retirement System of Texas grew its stake in SiteOne Landscape Supply by 124.5% in the first quarter. Teacher Retirement System of Texas now owns 8,886 shares of the industrial products company's stock valued at $1,079,000 after purchasing an additional 4,927 shares in the last quarter. GAMMA Investing LLC increased its position in SiteOne Landscape Supply by 24.3% in the 1st quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company's stock worth $59,000 after purchasing an additional 95 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of SiteOne Landscape Supply by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 555,858 shares of the industrial products company's stock worth $67,503,000 after purchasing an additional 2,951 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of SiteOne Landscape Supply by 18.3% during the 1st quarter. TD Asset Management Inc now owns 61,389 shares of the industrial products company's stock valued at $7,455,000 after buying an additional 9,496 shares during the last quarter.

SiteOne Landscape Supply Stock Performance

SITE traded down $5.0950 during trading on Wednesday, hitting $137.4050. The stock had a trading volume of 552,825 shares, compared to its average volume of 699,007. The firm has a market cap of $6.13 billion, a PE ratio of 50.15, a P/E/G ratio of 2.38 and a beta of 1.54. 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, Inc. has a 12 month low of $101.25 and a 12 month high of $160.74. The company has a 50 day simple moving average of $129.12 and a 200-day simple moving average of $124.99.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share (EPS) 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 analyst estimates of $1.49 billion. SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.63 earnings per share. Analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank Of Canada boosted their price target on SiteOne Landscape Supply from $130.00 to $143.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Truist Financial decreased their target price on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Stifel Nicolaus reduced their price objective on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $147.00.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 39,640 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $126.28, for a total value of $5,005,739.20. Following the sale, the executive vice president owned 13,663 shares of the company's stock, valued at $1,725,363.64. This trade represents a 74.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Doug Black sold 7,384 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $132.09, for a total value of $975,352.56. Following the transaction, the chief executive officer owned 600,446 shares of the company's stock, valued at approximately $79,312,912.14. This trade represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,784 shares of company stock worth $9,828,465 in the last ninety days. Insiders own 2.60% of the company's stock.

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.