SiteOne Landscape Supply, Inc. $SITE Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 766,520 shares of the industrial products company’s stock after acquiring an additional 5,679 shares during the period. Geode Capital Management LLC’s holdings in SiteOne Landscape Supply were worth $95,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC boosted its stake in SiteOne Landscape Supply by 541.9% in the fourth quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 168 shares in the last quarter. IFP Advisors Inc raised its position in SiteOne Landscape Supply by 106.8% in the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 158 shares during the last quarter. NewEdge Advisors LLC raised its position in SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 107 shares during the last quarter. Danske Bank A S purchased a new stake in SiteOne Landscape Supply in the 3rd quarter valued at $52,000. Finally, Bessemer Group Inc. raised its position in SiteOne Landscape Supply by 276.5% in the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 329 shares during the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $105.24 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33. The stock has a market capitalization of $4.66 billion, a P/E ratio of 31.23, a P/E/G ratio of 1.37 and a beta of 1.35. The company’s fifty day moving average is $125.23 and its two-hundred day moving average is $133.23. SiteOne Landscape Supply, Inc. has a 1 year low of $100.52 and a 1 year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.27). The firm had revenue of $940.10 million during the quarter, compared to analyst estimates of $982.27 million. SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.61) earnings per share. On average, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on SITE. Weiss Ratings downgraded shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $160.00 price target on SiteOne Landscape Supply in a report on Thursday, April 30th. Barclays lowered their price target on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Zacks Research raised SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Finally, Bank of America lowered their target price on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Six equities 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’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and an average target price of $160.10.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 563 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total value of $64,818.19. Following the transaction, the director directly owned 11,829 shares of the company’s stock, valued at approximately $1,361,872.77. The trade was a 4.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% 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.