Illinois Municipal Retirement Fund Has $5 Million Stake in SiteOne Landscape Supply, Inc. $SITE

Illinois Municipal Retirement Fund grew its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 23.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 37,547 shares of the industrial products company’s stock after purchasing an additional 7,125 shares during the period. Illinois Municipal Retirement Fund’s holdings in SiteOne Landscape Supply were worth $4,998,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Man Group plc lifted its holdings in shares of SiteOne Landscape Supply by 0.4% in the second quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock valued at $2,702,000 after purchasing an additional 86 shares in the last quarter. Whittier Trust Co. grew its holdings in SiteOne Landscape Supply by 72.7% during the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $27,000 after buying an additional 88 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in SiteOne Landscape Supply by 0.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 16,928 shares of the industrial products company’s stock worth $2,109,000 after buying an additional 89 shares in the last quarter. NewEdge Advisors LLC raised its position in SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after buying an additional 107 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC raised its position in SiteOne Landscape Supply by 2.0% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 5,915 shares of the industrial products company’s stock valued at $737,000 after buying an additional 118 shares during the last quarter.

SiteOne Landscape Supply Trading Down 3.9%

Shares of SiteOne Landscape Supply stock opened at $103.61 on Friday. SiteOne Landscape Supply, Inc. has a 1 year low of $100.52 and a 1 year high of $168.56. The firm has a market cap of $4.59 billion, a PE ratio of 30.75, a P/E/G ratio of 1.40 and a beta of 1.34. The stock has a fifty day moving average price of $110.06 and a 200-day moving average price of $128.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). The business had revenue of $940.10 million for the quarter, compared to the consensus estimate of $982.27 million. SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.61) earnings per share. Equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current year.

Insider Transactions 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 dated Thursday, May 28th. The shares were sold at an average price of $112.52, for a total value of $63,236.24. Following the sale, the director owned 11,267 shares of the company’s stock, valued at approximately $1,267,762.84. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on SITE shares. Weiss Ratings downgraded shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Thursday, April 30th. UBS Group reaffirmed a “neutral” rating on shares of SiteOne Landscape Supply in a research report on Thursday, June 25th. KeyCorp started coverage on shares of SiteOne Landscape Supply in a research note on Monday, July 13th. They issued an “overweight” rating and a $145.00 price objective for the company. Finally, Stifel Nicolaus dropped their target price on shares of SiteOne Landscape Supply from $157.00 to $153.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $156.64.

SiteOne Landscape Supply 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.