Xponance Inc. Purchases 214 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Xponance Inc. lifted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 7.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,069 shares of the industrial products company’s stock after purchasing an additional 214 shares during the quarter. Xponance Inc.’s holdings in SiteOne Landscape Supply were worth $373,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Advisors LLC acquired a new stake in shares of SiteOne Landscape Supply during the first quarter worth $708,000. Picton Mahoney Asset Management raised its holdings in shares of SiteOne Landscape Supply by 3,279.9% during the first quarter. Picton Mahoney Asset Management now owns 24,842 shares of the industrial products company’s stock worth $4,337,000 after acquiring an additional 24,107 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of SiteOne Landscape Supply by 54.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 22,151 shares of the industrial products company’s stock worth $3,866,000 after acquiring an additional 7,829 shares during the period. Swedbank AB acquired a new stake in shares of SiteOne Landscape Supply during the first quarter worth $16,757,000. Finally, Sei Investments Co. raised its holdings in shares of SiteOne Landscape Supply by 17.5% during the fourth quarter. Sei Investments Co. now owns 273,017 shares of the industrial products company’s stock worth $44,366,000 after acquiring an additional 40,702 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SITE shares. Jefferies Financial Group dropped their price objective on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Barclays lowered their price target on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating on the stock in a research note on Friday, July 12th. Stifel Nicolaus lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a research note on Thursday, August 1st. StockNews.com lowered shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Finally, Royal Bank of Canada lowered their price target on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $144.33.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $149.71 on Wednesday. The firm has a 50-day moving average of $140.13 and a 200-day moving average of $146.51. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The company has a market cap of $6.75 billion, a PE ratio of 43.39 and a beta of 1.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10.

SiteOne Landscape Supply (NYSE:SITE) last announced 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. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm posted $2.71 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities analysts forecast that SiteOne Landscape Supply, Inc. will post 3.19 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Fred M. Diaz sold 878 shares of SiteOne Landscape Supply stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $129.04, for a total transaction of $113,297.12. Following the completion of the sale, the director now 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 accessible through this link. 2.70% of the stock is currently owned by insiders.

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.