Janus Henderson Group PLC raised its position in SiteOne Landscape Supply Inc (NYSE:SITE) by 4,105.4% during the second quarter, HoldingsChannel.com reports. The fund owned 108,961 shares of the industrial products company’s stock after purchasing an additional 106,370 shares during the quarter. Janus Henderson Group PLC’s holdings in SiteOne Landscape Supply were worth $9,149,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in SITE. Victory Capital Management Inc. purchased a new position in shares of SiteOne Landscape Supply in the second quarter valued at about $71,949,000. Wells Fargo & Company MN increased its position in shares of SiteOne Landscape Supply by 51.3% in the first quarter. Wells Fargo & Company MN now owns 1,920,133 shares of the industrial products company’s stock valued at $147,927,000 after acquiring an additional 651,461 shares during the period. BlackRock Inc. increased its position in shares of SiteOne Landscape Supply by 29.0% in the second quarter. BlackRock Inc. now owns 2,882,470 shares of the industrial products company’s stock valued at $242,041,000 after acquiring an additional 648,424 shares during the period. Redwood Investments LLC purchased a new position in shares of SiteOne Landscape Supply during the second quarter valued at about $16,482,000. Finally, Artisan Partners Limited Partnership increased its position in shares of SiteOne Landscape Supply by 459.8% during the first quarter. Artisan Partners Limited Partnership now owns 154,560 shares of the industrial products company’s stock valued at $11,907,000 after buying an additional 126,952 shares during the period.
Several brokerages recently issued reports on SITE. Royal Bank of Canada set a $105.00 price target on shares of SiteOne Landscape Supply and gave the company a “buy” rating in a research report on Thursday, August 2nd. UBS Group boosted their price target on shares of SiteOne Landscape Supply from $76.00 to $80.00 and gave the company a “sell” rating in a research report on Thursday, August 30th. TheStreet upgraded shares of SiteOne Landscape Supply from a “c” rating to a “b-” rating in a research report on Thursday, August 9th. Zacks Investment Research upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Wednesday, July 18th. Finally, ValuEngine upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $80.57.
In other news, CFO John T. Guthrie sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 17th. The shares were sold at an average price of $86.66, for a total value of $866,600.00. Following the transaction, the chief financial officer now owns 48,186 shares in the company, valued at $4,175,798.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Pascal Convers sold 65,225 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $90.76, for a total transaction of $5,919,821.00. Following the completion of the transaction, the executive vice president now owns 64,225 shares in the company, valued at approximately $5,829,061. The disclosure for this sale can be found here. Insiders have sold 188,575 shares of company stock worth $16,988,924 in the last three months. 4.40% of the stock is currently owned by insiders.
NYSE:SITE opened at $90.87 on Monday. SiteOne Landscape Supply Inc has a one year low of $52.41 and a one year high of $95.49. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.23 and a current ratio of 2.69. The stock has a market cap of $3.73 billion, a P/E ratio of 75.10 and a beta of 1.29.
SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.07). SiteOne Landscape Supply had a return on equity of 28.71% and a net margin of 3.39%. The business had revenue of $687.80 million for the quarter, compared to the consensus estimate of $689.21 million. During the same period in the previous year, the firm earned $1.07 EPS. The company’s revenue was up 13.0% on a year-over-year basis. research analysts anticipate that SiteOne Landscape Supply Inc will post 2.03 EPS for the current fiscal year.
SiteOne Landscape Supply Company Profile
SiteOne Landscape Supply, Inc, through its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation supplies; fertilizer and control products, such as herbicides; landscape accessories; nursery goods outdoor lighting; and ice melt products, as well as hardscapes, including pavers, natural stones, and blocks; turf protection products; grass seed; and turf care equipment and golf course maintenance supplies, as well as value-added consultative services to its customers.
Recommended Story: Do You Need a Fiduciary?
Want to see what other hedge funds are holding SITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiteOne Landscape Supply Inc (NYSE:SITE).
Receive News & Ratings for SiteOne Landscape Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply and related companies with MarketBeat.com's FREE daily email newsletter.