Y Intercept Hong Kong Ltd Invests $1.66 Million in SiteOne Landscape Supply, Inc. $SITE

Y Intercept Hong Kong Ltd bought a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,886 shares of the industrial products company’s stock, valued at approximately $1,660,000.

Several other institutional investors also recently bought and sold shares of SITE. Bamco Inc. NY increased its position in shares of SiteOne Landscape Supply by 14.2% during the second quarter. Bamco Inc. NY now owns 1,941,817 shares of the industrial products company’s stock worth $234,843,000 after purchasing an additional 242,106 shares in the last quarter. State Street Corp grew its stake in SiteOne Landscape Supply by 1.7% during the 2nd quarter. State Street Corp now owns 777,354 shares of the industrial products company’s stock worth $94,013,000 after buying an additional 12,766 shares during the last quarter. Geneva Capital Management LLC increased its position in SiteOne Landscape Supply by 7.2% during the 2nd quarter. Geneva Capital Management LLC now owns 760,186 shares of the industrial products company’s stock valued at $91,937,000 after buying an additional 50,915 shares in the last quarter. Allianz Asset Management GmbH raised its stake in SiteOne Landscape Supply by 3.1% in the second quarter. Allianz Asset Management GmbH now owns 666,259 shares of the industrial products company’s stock valued at $80,577,000 after buying an additional 20,055 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in SiteOne Landscape Supply by 20.6% in the second quarter. American Century Companies Inc. now owns 629,029 shares of the industrial products company’s stock worth $76,075,000 after acquiring an additional 107,465 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays set a $134.00 price objective on shares of SiteOne Landscape Supply and gave the company an “equal weight” rating in a research report on Monday, December 8th. Royal Bank Of Canada upgraded shares of SiteOne Landscape Supply from a “sector perform” rating to an “outperform” rating and set a $151.00 price target on the stock in a report on Thursday, January 8th. The Goldman Sachs Group reduced their price objective on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Zacks Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $150.10.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $142.86 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.49. The stock’s fifty day moving average is $134.47 and its two-hundred day moving average is $132.82. The firm has a market capitalization of $6.36 billion, a P/E ratio of 46.38, a price-to-earnings-growth ratio of 1.52 and a beta of 1.58. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $154.00.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.09. SiteOne Landscape Supply had a net margin of 2.98% and a return on equity of 8.62%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. On average, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current 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.