California Public Employees Retirement System Grows Stake in SiteOne Landscape Supply, Inc. $SITE

California Public Employees Retirement System grew its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 8.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,921 shares of the industrial products company’s stock after acquiring an additional 6,413 shares during the quarter. California Public Employees Retirement System owned about 0.19% of SiteOne Landscape Supply worth $11,437,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Comerica Bank increased its holdings in SiteOne Landscape Supply by 24.4% in the 4th 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 raised its position 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 worth $252,653,000 after buying an additional 61,490 shares during the last quarter. Pier Capital LLC bought a new position in SiteOne Landscape Supply during the 4th quarter valued at about $3,787,000. Norges Bank purchased a new stake in shares of SiteOne Landscape Supply during the 4th quarter valued at about $18,925,000. Finally, Summit Creek Advisors LLC boosted its holdings in shares of SiteOne Landscape Supply by 22.1% during the 4th quarter. Summit Creek Advisors LLC now owns 73,442 shares of the industrial products company’s stock valued at $9,148,000 after acquiring an additional 13,312 shares during the last quarter.

Insider Activity at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 563 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total value of $64,818.19. Following the transaction, the director directly owned 11,829 shares in the company, valued at approximately $1,361,872.77. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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.

SiteOne Landscape Supply Trading Up 1.4%

SITE opened at $99.99 on Friday. The firm has a market cap of $4.43 billion, a P/E ratio of 29.67, a P/E/G ratio of 1.33 and a beta of 1.34. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average of $108.22 and a 200 day moving average of $127.95. SiteOne Landscape Supply, Inc. has a 12 month low of $98.17 and a 12 month high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). The company had revenue of $940.10 million during 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 firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.61) earnings per share. As a group, research analysts forecast that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SITE shares. Bank of America lowered their price objective on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Stifel Nicolaus decreased their target price on shares of SiteOne Landscape Supply from $157.00 to $153.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Zacks Research cut SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Robert W. Baird set a $160.00 price target on SiteOne Landscape Supply in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Thursday, April 30th. Seven 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $156.64.

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.