International Assets Investment Management LLC Acquires Shares of 552 SiteOne Landscape Supply, Inc. (NYSE:SITE)

International Assets Investment Management LLC bought a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in the 2nd quarter, HoldingsChannel reports. The fund bought 552 shares of the industrial products company’s stock, valued at approximately $67,000.

Several other large investors have also recently made changes to their positions in the business. iA Global Asset Management Inc. increased its position in shares of SiteOne Landscape Supply by 76.0% during the 2nd quarter. iA Global Asset Management Inc. now owns 3,064 shares of the industrial products company’s stock valued at $372,000 after purchasing an additional 1,323 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of SiteOne Landscape Supply by 6.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,835 shares of the industrial products company’s stock valued at $1,194,000 after purchasing an additional 573 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of SiteOne Landscape Supply during the 2nd quarter valued at $27,000. Fort Pitt Capital Group LLC increased its position in shares of SiteOne Landscape Supply by 24.6% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 5,205 shares of the industrial products company’s stock valued at $632,000 after purchasing an additional 1,028 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in shares of SiteOne Landscape Supply by 2.5% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,141,624 shares of the industrial products company’s stock valued at $138,605,000 after purchasing an additional 28,265 shares during the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $134.39 on Wednesday. The company has a market cap of $6.06 billion, a PE ratio of 38.95 and a beta of 1.53. The company has a current ratio of 2.47, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average price of $133.62 and a 200-day moving average price of $150.19. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.13. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. SiteOne Landscape Supply’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.71 EPS. As a group, equities analysts forecast that SiteOne Landscape Supply, Inc. will post 3.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on SITE. Loop Capital decreased their price objective on SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, June 13th. StockNews.com lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Stifel Nicolaus lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a report on Thursday, August 1st. Jefferies Financial Group decreased their price objective on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Finally, Truist Financial lifted their price objective on SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $144.33.

Insider Buying and Selling

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of SiteOne Landscape Supply stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $129.04, for a total value of $113,297.12. Following the transaction, the director now directly owns 11,267 shares of the company’s stock, valued at approximately $1,453,893.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.