8,600 Shares in SiteOne Landscape Supply, Inc. $SITE Purchased by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC purchased a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,600 shares of the industrial products company’s stock, valued at approximately $1,071,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Squarepoint Ops LLC boosted its position in SiteOne Landscape Supply by 433.9% during the fourth quarter. Squarepoint Ops LLC now owns 20,054 shares of the industrial products company’s stock worth $2,498,000 after acquiring an additional 16,298 shares during the last quarter. Verition Fund Management LLC boosted its position in SiteOne Landscape Supply by 60.0% during the fourth quarter. Verition Fund Management LLC now owns 42,084 shares of the industrial products company’s stock worth $5,242,000 after acquiring an additional 15,785 shares during the last quarter. PEAK6 LLC acquired a new position in SiteOne Landscape Supply during the fourth quarter worth about $2,204,000. Mariner LLC boosted its position in SiteOne Landscape Supply by 330.6% during the fourth quarter. Mariner LLC now owns 17,356 shares of the industrial products company’s stock worth $2,167,000 after acquiring an additional 13,325 shares during the last quarter. Finally, Focus Partners Wealth acquired a new position in SiteOne Landscape Supply during the fourth quarter worth about $1,713,000.

Analyst Ratings Changes

SITE has been the topic of a number of recent research reports. Barclays lowered their price target on shares of SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. UBS Group assumed coverage on shares of SiteOne Landscape Supply in a research note on Friday, April 10th. They set a “neutral” rating and a $140.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird set a $160.00 target price on shares of SiteOne Landscape Supply in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $160.10.

Insider Activity

In other news, Director Fred M. Diaz sold 562 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $112.52, for a total value of $63,236.24. Following the sale, the director directly owned 11,267 shares of the company’s stock, valued at approximately $1,267,762.84. The trade was a 4.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.10% of the company’s stock.

SiteOne Landscape Supply Price Performance

Shares of SITE stock opened at $107.66 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96. The firm’s 50-day moving average is $121.88 and its two-hundred day moving average is $132.07. SiteOne Landscape Supply, Inc. has a 12 month low of $100.52 and a 12 month high of $168.56. The company has a market capitalization of $4.77 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 1.40 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The firm had revenue of $940.10 million for the quarter, compared to analysts’ expectations of $982.27 million. During the same period last year, the firm earned ($0.61) earnings per share. SiteOne Landscape Supply’s revenue for the quarter was up .1% on a year-over-year basis. Analysts predict that SiteOne Landscape Supply, Inc. will post 4.18 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.