Quantbot Technologies LP Makes New $788,000 Investment in SiteOne Landscape Supply, Inc. $SITE

Quantbot Technologies LP acquired a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,887 shares of the industrial products company’s stock, valued at approximately $788,000.

Several other large investors also recently modified their holdings of SITE. Basecamp Wealth Advisors LLC raised its stake in SiteOne Landscape Supply by 219.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock worth $25,000 after buying an additional 127 shares during the last quarter. Whittier Trust Co. boosted its position in SiteOne Landscape Supply by 72.7% during the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 88 shares during the last quarter. Rothschild Investment LLC boosted its position in SiteOne Landscape Supply by 1,521.4% during the fourth quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 213 shares during the last quarter. IFP Advisors Inc grew its holdings in SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 158 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of SiteOne Landscape Supply in the 4th quarter worth about $42,000.

Insider Buying and Selling

In other news, CEO Doug Black acquired 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of $102.03 per share, for a total transaction of $816,240.00. Following the completion of the acquisition, the chief executive officer directly owned 8,000 shares in the company, valued at $816,240. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

SiteOne Landscape Supply Price Performance

SITE stock opened at $96.24 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 1.01. The company’s 50-day moving average is $103.30 and its 200-day moving average is $120.42. The stock has a market capitalization of $4.20 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.38 and a beta of 1.35. SiteOne Landscape Supply, Inc. has a 1 year low of $90.07 and a 1 year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the firm earned $2.86 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current fiscal year.

Analyst Ratings Changes

SITE has been the topic of a number of recent analyst reports. KeyCorp dropped their price objective on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Robert W. Baird decreased their target price on SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Weiss Ratings downgraded SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 17th. Zacks Research lowered SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, SiteOne Landscape Supply currently has an average rating of “Hold” and an average price target of $135.27.

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.