Teacher Retirement System of Texas Purchases 4,927 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Teacher Retirement System of Texas grew its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 124.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,886 shares of the industrial products company's stock after buying an additional 4,927 shares during the period. Teacher Retirement System of Texas' holdings in SiteOne Landscape Supply were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SITE. Proficio Capital Partners LLC bought a new stake in SiteOne Landscape Supply in the fourth quarter worth $1,771,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in SiteOne Landscape Supply by 7.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,072 shares of the industrial products company's stock worth $1,591,000 after purchasing an additional 865 shares during the last quarter. Swiss National Bank increased its position in SiteOne Landscape Supply by 0.6% in the fourth quarter. Swiss National Bank now owns 88,800 shares of the industrial products company's stock worth $11,701,000 after purchasing an additional 500 shares during the last quarter. Polen Capital Management LLC increased its position in SiteOne Landscape Supply by 48.2% in the fourth quarter. Polen Capital Management LLC now owns 24,140 shares of the industrial products company's stock worth $3,181,000 after purchasing an additional 7,847 shares during the last quarter. Finally, Xponance Inc. increased its position in SiteOne Landscape Supply by 10.4% in the fourth quarter. Xponance Inc. now owns 3,470 shares of the industrial products company's stock worth $457,000 after purchasing an additional 327 shares during the last quarter.

SiteOne Landscape Supply Trading Up 1.4%

Shares of SITE traded up $1.72 during trading hours on Thursday, reaching $125.47. 386,859 shares of the company traded hands, compared to its average volume of 421,408. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 49.99, a PEG ratio of 2.03 and a beta of 1.55. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $160.75. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.39. The stock's fifty day moving average price is $122.28 and its 200 day moving average price is $125.45.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). The company had revenue of $939.40 million for the quarter, compared to analysts' expectations of $933.90 million. SiteOne Landscape Supply had a net margin of 2.53% and a return on equity of 7.31%. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.43) earnings per share. Sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on SITE shares. Royal Bank Of Canada dropped their price objective on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. Loop Capital dropped their price objective on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Truist Financial dropped their price objective on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Stifel Nicolaus dropped 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of SiteOne Landscape Supply in a research note on Tuesday, April 1st. They set a "hold" rating and a $135.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, SiteOne Landscape Supply currently has an average rating of "Hold" and an average target price of $145.70.

Insiders Place Their Bets

In other news, CEO Doug Black sold 29,760 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $129.28, for a total transaction of $3,847,372.80. Following the completion of the sale, the chief executive officer directly owned 596,684 shares of the company's stock, valued at approximately $77,139,307.52. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph Ketter sold 39,640 shares of SiteOne Landscape Supply stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $126.28, for a total value of $5,005,739.20. Following the completion of the sale, the executive vice president owned 13,663 shares of the company's stock, valued at $1,725,363.64. The trade was a 74.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

About SiteOne Landscape Supply

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.