SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 4.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 10,026 shares of the industrial products company’s stock after purchasing an additional 447 shares during the period. The Manufacturers Life Insurance Company’s holdings in SiteOne Landscape Supply were worth $1,217,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in SiteOne Landscape Supply by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 4,158,085 shares of the industrial products company’s stock valued at $725,794,000 after buying an additional 23,362 shares during the period. Conestoga Capital Advisors LLC boosted its position in SiteOne Landscape Supply by 2.5% in 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 buying an additional 28,265 shares during the period. Wasatch Advisors LP boosted its position in SiteOne Landscape Supply by 47.8% in the 1st quarter. Wasatch Advisors LP now owns 986,602 shares of the industrial products company’s stock valued at $172,211,000 after buying an additional 319,071 shares during the period. Dimensional Fund Advisors LP boosted its position in SiteOne Landscape Supply by 10.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 568,349 shares of the industrial products company’s stock valued at $69,007,000 after buying an additional 53,131 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in SiteOne Landscape Supply by 49.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company’s stock valued at $58,226,000 after buying an additional 158,350 shares during the period.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of SiteOne Landscape Supply stock in a transaction on Monday, August 5th. The shares were 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 in the company, valued at approximately $1,453,893.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $148.32 on Friday. The company’s fifty day moving average price is $140.75 and its 200 day moving average price is $145.16. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10. The firm has a market capitalization of $6.69 billion, a P/E ratio of 44.01 and a beta of 1.53.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on SITE. The Goldman Sachs Group began coverage on shares of SiteOne Landscape Supply in a research report on Thursday. They issued a “neutral” rating and a $158.00 price target for the company. Stifel Nicolaus cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research report on Thursday, August 1st. Barclays decreased their price objective on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating for the company in a research report on Friday, July 12th. Jefferies Financial Group decreased their price objective on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Finally, StockNews.com cut shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and an average price target of $145.70.

About SiteOne Landscape Supply

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.