SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 36.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,784 shares of the industrial products company’s stock after purchasing an additional 13,314 shares during the quarter. Janus Henderson Group PLC owned about 0.11% of SiteOne Landscape Supply worth $7,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hilltop Holdings Inc. raised its position in shares of SiteOne Landscape Supply by 18.5% during the 3rd quarter. Hilltop Holdings Inc. now owns 3,093 shares of the industrial products company’s stock worth $467,000 after purchasing an additional 483 shares during the period. Holocene Advisors LP increased its position in SiteOne Landscape Supply by 38.2% in the 3rd quarter. Holocene Advisors LP now owns 51,625 shares of the industrial products company’s stock valued at $7,791,000 after acquiring an additional 14,269 shares during the period. Bamco Inc. NY increased its position in SiteOne Landscape Supply by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock valued at $238,489,000 after acquiring an additional 129,252 shares during the period. Wasatch Advisors LP boosted its stake in SiteOne Landscape Supply by 11.4% during the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock valued at $238,083,000 after purchasing an additional 161,846 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in SiteOne Landscape Supply during the 3rd quarter valued at $1,721,000.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $153.19 on Tuesday. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01. The business has a fifty day simple moving average of $146.39 and a 200 day simple moving average of $140.08. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 49.58 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the business earned $1.25 earnings per share. SiteOne Landscape Supply’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

SITE has been the subject of a number of research reports. Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price target for the company from $145.00 to $175.00 in a research note on Friday. Robert W. Baird raised their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Barclays raised their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group started coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 target price for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $156.44.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of SiteOne Landscape Supply stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $142.20, for a total value of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares in the company, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, 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.