Ieq Capital LLC Purchases Shares of 17,385 SiteOne Landscape Supply, Inc. $SITE

Ieq Capital LLC acquired a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 17,385 shares of the industrial products company’s stock, valued at approximately $1,989,000.

Other institutional investors have also recently made changes to their positions in the company. Comerica Bank lifted its holdings in shares of SiteOne Landscape Supply by 24.4% in the fourth quarter. Comerica Bank now owns 134,716 shares of the industrial products company’s stock worth $16,780,000 after buying an additional 26,436 shares in the last quarter. Bamco Inc. NY increased its holdings in SiteOne Landscape Supply by 3.1% in the 4th quarter. Bamco Inc. NY now owns 2,028,366 shares of the industrial products company’s stock valued at $252,653,000 after acquiring an additional 61,490 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of SiteOne Landscape Supply during the 2nd quarter valued at about $3,059,000. Pier Capital LLC bought a new position in shares of SiteOne Landscape Supply during the 4th quarter valued at about $3,787,000. Finally, Summit Creek Advisors LLC grew its position in shares of SiteOne Landscape Supply by 22.1% during the fourth quarter. Summit Creek Advisors LLC now owns 73,442 shares of the industrial products company’s stock valued at $9,148,000 after purchasing an additional 13,312 shares in the last quarter.

SiteOne Landscape Supply Trading Down 0.0%

SITE opened at $95.23 on Wednesday. The stock has a 50-day moving average of $103.48 and a 200 day moving average of $120.78. The company has a current ratio of 2.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.36. SiteOne Landscape Supply, Inc. has a 12 month low of $90.07 and a 12 month high of $168.56. The firm has a market cap of $4.16 billion, a P/E ratio of 26.09, a P/E/G ratio of 1.38 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $2.86 earnings per share. As a group, research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current year.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 562 shares of SiteOne Landscape Supply stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $112.52, for a total transaction of $63,236.24. Following the completion of the transaction, the director directly owned 11,267 shares of the company’s stock, valued at $1,267,762.84. The trade was a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Doug Black bought 8,000 shares of SiteOne Landscape Supply stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $102.03 per share, for a total transaction of $816,240.00. Following the purchase, the chief executive officer owned 8,000 shares of the company’s stock, valued at approximately $816,240. This trade represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on SITE. KeyCorp decreased their target price on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Stifel Nicolaus restated a “hold” rating and set a $100.00 price target (down from $153.00) on shares of SiteOne Landscape Supply in a report on Thursday, July 30th. Royal Bank Of Canada reduced their price objective on SiteOne Landscape Supply from $171.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings cut SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 17th. Finally, Zacks Research lowered shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus target price of $135.27.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.