Royce & Associates LP Acquires 10,540 Shares of SiteOne Landscape Supply, Inc. $SITE

Royce & Associates LP grew its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 17.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,540 shares of the industrial products company’s stock after acquiring an additional 10,540 shares during the period. Royce & Associates LP owned about 0.16% of SiteOne Landscape Supply worth $9,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its stake in shares of SiteOne Landscape Supply by 16.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,308 shares of the industrial products company’s stock valued at $1,247,000 after buying an additional 1,422 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of 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 during the period. Advantage Alpha Capital Partners LP grew its position in shares of SiteOne Landscape Supply by 6.2% during the second quarter. Advantage Alpha Capital Partners LP now owns 42,756 shares of the industrial products company’s stock worth $5,171,000 after purchasing an additional 2,501 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in SiteOne Landscape Supply by 37.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 79,564 shares of the industrial products company’s stock valued at $9,622,000 after purchasing an additional 21,810 shares during the period. Finally, Entropy Technologies LP purchased a new position in SiteOne Landscape Supply in the 2nd quarter worth approximately $411,000.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, January 21st. Stifel Nicolaus set a $144.00 price target on shares of SiteOne Landscape Supply in a report on Monday, February 9th. Truist Financial boosted their price target on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Bank of America started coverage on SiteOne Landscape Supply in a research report on Thursday, December 18th. They set a “buy” rating and a $147.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $159.44.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock opened at $140.13 on Wednesday. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 1.83 and a beta of 1.59. The firm’s fifty day moving average is $143.11 and its 200 day moving average is $135.45. The company has a quick ratio of 1.20, a current ratio of 2.47 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.09. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.28%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the company posted ($0.48) EPS. The business’s revenue was up 3.2% on a year-over-year basis. Sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Eric J. Elema sold 1,765 shares of SiteOne Landscape Supply stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $158.01, for a total value of $278,887.65. Following the completion of the transaction, the executive vice president owned 2,911 shares in the company, valued at approximately $459,967.11. This trade represents a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

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.