Illinois Municipal Retirement Fund Buys 7,125 Shares of SiteOne Landscape Supply, Inc. $SITE

Illinois Municipal Retirement Fund boosted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 23.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,547 shares of the industrial products company’s stock after acquiring an additional 7,125 shares during the period. Illinois Municipal Retirement Fund owned 0.08% of SiteOne Landscape Supply worth $4,998,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SITE. True Wealth Design LLC lifted its position in shares of SiteOne Landscape Supply by 541.9% in the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 168 shares during the period. Whittier Trust Co. increased its position in shares of 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 during the period. Rothschild Investment LLC raised its stake in SiteOne Landscape Supply by 1,521.4% during the fourth quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after buying an additional 213 shares during the last quarter. IFP Advisors Inc raised its stake in SiteOne Landscape Supply by 106.8% during the fourth quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after buying an additional 158 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in SiteOne Landscape Supply in the fourth quarter valued at $42,000.

SiteOne Landscape Supply Price Performance

SITE stock opened at $103.61 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96. The company’s 50-day moving average is $110.06 and its 200-day moving average is $128.80. The stock has a market capitalization of $4.59 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 1.40 and a beta of 1.34. 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 issued 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). SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The firm had revenue of $940.10 million during the quarter, compared to the consensus estimate of $982.27 million. During the same period in the previous year, the firm earned ($0.61) earnings per share. The business’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts expect that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current fiscal year.

Analysts Set New Price Targets

SITE has been the topic of a number of research analyst reports. UBS Group reaffirmed a “neutral” rating on shares of SiteOne Landscape Supply in a research report on Thursday, June 25th. Robert W. Baird set a $160.00 price objective on SiteOne Landscape Supply in a research note on Thursday, April 30th. Zacks Research lowered SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, June 22nd. Barclays decreased their target price on SiteOne Landscape Supply from $148.00 to $129.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Bank of America lowered their target price on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a report on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $156.64.

Insider Activity

In related news, Director Fred M. Diaz sold 563 shares of SiteOne Landscape Supply 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 completion of the sale, the director owned 11,829 shares of the company’s stock, valued at approximately $1,361,872.77. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by corporate insiders.

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.