Vanguard Personalized Indexing Management LLC Grows Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Vanguard Personalized Indexing Management LLC raised its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,067 shares of the industrial products company’s stock after acquiring an additional 216 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in SiteOne Landscape Supply were worth $372,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in SiteOne Landscape Supply by 10.3% during 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 acquiring an additional 53,131 shares during the period. Envestnet Asset Management Inc. lifted its stake in SiteOne Landscape Supply by 8.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 339,271 shares of the industrial products company’s stock valued at $41,191,000 after acquiring an additional 25,391 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in SiteOne Landscape Supply by 36.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 30,299 shares of the industrial products company’s stock valued at $3,679,000 after acquiring an additional 8,148 shares during the period. Qsemble Capital Management LP acquired a new stake in SiteOne Landscape Supply during the 2nd quarter valued at approximately $509,000. Finally, American Century Companies Inc. lifted its stake in SiteOne Landscape Supply by 44.3% during the 2nd quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company’s stock valued at $43,717,000 after acquiring an additional 110,589 shares during the period.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $151.19 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 2.47. The company has a fifty day moving average of $139.58 and a two-hundred day moving average of $147.24. The stock has a market capitalization of $6.82 billion, a PE ratio of 43.82 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week 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 (EPS) for the quarter, topping 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 business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm earned $2.71 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.19 earnings per share for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 878 shares of the company’s stock in a transaction on 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 $1,453,893.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on SITE. Loop Capital decreased their price objective on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, June 13th. Barclays decreased their target price on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating for the company in a research note on Friday, July 12th. Jefferies Financial Group decreased their target price on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. StockNews.com cut shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Finally, Truist Financial boosted their target price on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Three 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $144.33.

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.