Teacher Retirement System of Texas Has $1.08 Million Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Teacher Retirement System of Texas boosted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 124.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,886 shares of the industrial products company's stock after purchasing an additional 4,927 shares during the period. Teacher Retirement System of Texas' holdings in SiteOne Landscape Supply were worth $1,079,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter worth $1,771,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in SiteOne Landscape Supply by 7.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,072 shares of the industrial products company's stock valued at $1,591,000 after buying an additional 865 shares during the period. Swiss National Bank increased its holdings in SiteOne Landscape Supply by 0.6% in the 4th quarter. Swiss National Bank now owns 88,800 shares of the industrial products company's stock valued at $11,701,000 after buying an additional 500 shares during the period. Polen Capital Management LLC increased its holdings in SiteOne Landscape Supply by 48.2% in the 4th quarter. Polen Capital Management LLC now owns 24,140 shares of the industrial products company's stock valued at $3,181,000 after buying an additional 7,847 shares during the period. Finally, Xponance Inc. increased its holdings in SiteOne Landscape Supply by 10.4% in the 4th quarter. Xponance Inc. now owns 3,470 shares of the industrial products company's stock valued at $457,000 after buying an additional 327 shares during the period.

Insider Buying and Selling

In related news, EVP Joseph Ketter sold 39,640 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $126.28, for a total transaction of $5,005,739.20. Following the completion of the sale, the executive vice president directly owned 13,663 shares of the company's stock, valued at approximately $1,725,363.64. This represents a 74.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Doug Black sold 29,760 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $129.28, for a total value of $3,847,372.80. Following 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 disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

SiteOne Landscape Supply Trading Up 0.9%

Shares of NYSE:SITE traded up $1.13 during mid-day trading on Wednesday, reaching $123.10. The stock had a trading volume of 236,434 shares, compared to its average volume of 423,428. The firm has a market cap of $5.52 billion, a PE ratio of 49.05, a price-to-earnings-growth ratio of 2.08 and a beta of 1.55. The firm has a 50 day simple moving average of $122.10 and a two-hundred day simple moving average of $125.50. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.39. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $160.75.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). The firm had revenue of $939.40 million during the quarter, compared to analyst estimates of $933.90 million. SiteOne Landscape Supply had a net margin of 2.53% and a return on equity of 7.31%. The business's revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.43) earnings per share. On average, research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SITE shares. Wall Street Zen raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of SiteOne Landscape Supply in a report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price objective on the stock. Barclays cut their target price on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Royal Bank Of Canada cut their target price on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. Finally, Truist Financial cut their target price on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $145.70.

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.