Krilogy Financial LLC Purchases 4,885 Shares of SiteOne Landscape Supply, Inc. $SITE

Krilogy Financial LLC increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 196.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,377 shares of the industrial products company’s stock after purchasing an additional 4,885 shares during the period. Krilogy Financial LLC’s holdings in SiteOne Landscape Supply were worth $992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 45.9% during the first quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock worth $9,126,000 after buying an additional 23,657 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 107 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of SiteOne Landscape Supply by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock valued at $25,907,000 after acquiring an additional 11,574 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of SiteOne Landscape Supply by 10.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company’s stock valued at $20,679,000 after acquiring an additional 16,378 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in SiteOne Landscape Supply during the first quarter worth about $6,797,000.

Analysts Set New Price Targets

Several analysts have weighed in on SITE shares. Robert W. Baird set a $160.00 price objective on shares of SiteOne Landscape Supply in a research note on Thursday, April 30th. Bank of America lowered their target price on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Barclays dropped their price target on shares of SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. UBS Group reiterated a “neutral” rating on shares of SiteOne Landscape Supply in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $159.70.

SiteOne Landscape Supply Trading Up 3.2%

Shares of SITE stock opened at $115.09 on Friday. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 1.49 and a beta of 1.35. The stock has a 50-day moving average of $118.38 and a 200-day moving average of $130.89. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. SiteOne Landscape Supply, Inc. has a 1-year low of $100.52 and a 1-year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data 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). SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The company had revenue of $940.10 million during the quarter, compared to analyst estimates of $982.27 million. During the same period in the prior year, the firm earned ($0.61) earnings per share. SiteOne Landscape Supply’s revenue was up .1% compared to the same quarter last year. On average, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 4.06 earnings per share for the current year.

Insider Transactions at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 563 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total value of $64,818.19. Following the sale, the director directly owned 11,829 shares of the company’s stock, valued at approximately $1,361,872.77. This represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

About SiteOne Landscape Supply

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.