11,400 Shares in SiteOne Landscape Supply, Inc. $SITE Purchased by Villanova Investment Management Co

Villanova Investment Management Co acquired a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,400 shares of the industrial products company’s stock, valued at approximately $1,030,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SITE. Basecamp Wealth Advisors LLC boosted its position in SiteOne Landscape Supply by 219.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock valued at $25,000 after buying an additional 127 shares in the last quarter. Whittier Trust Co. grew its stake 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 last quarter. Fortitude Family Office LLC increased its holdings in shares of SiteOne Landscape Supply by 2,178.6% during the third quarter. Fortitude Family Office LLC now owns 319 shares of the industrial products company’s stock worth $29,000 after buying an additional 305 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of SiteOne Landscape Supply by 114.3% during the third quarter. Versant Capital Management Inc now owns 420 shares of the industrial products company’s stock worth $38,000 after buying an additional 224 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of SiteOne Landscape Supply by 182.6% in the 1st quarter. Bessemer Group Inc. now owns 373 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 241 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SITE. The Goldman Sachs Group reissued a “neutral” rating and set a $114.00 price objective on shares of SiteOne Landscape Supply in a report on Wednesday, October 28th. Weiss Ratings raised SiteOne Landscape Supply from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 22nd. KeyCorp lowered their target price on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Zacks Research downgraded SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. Finally, Deutsche Bank Aktiengesellschaft lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and cut their price target for the company from $127.00 to $91.00 in a research note on Thursday, October 8th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and an average target price of $123.00.

SiteOne Landscape Supply Trading Down 3.7%

SITE opened at $113.76 on Friday. SiteOne Landscape Supply, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $168.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.41 and a quick ratio of 1.03. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 1.84 and a beta of 1.29. The company’s 50 day moving average price is $96.14 and its two-hundred day moving average price is $115.92.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.46. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. SiteOne Landscape Supply had a net margin of 3.49% and a return on equity of 10.06%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.31 earnings per share. As a group, research analysts predict that SiteOne Landscape Supply, Inc. will post 3.74 earnings per share for the current year.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, CEO Doug Black acquired 9,100 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The stock was acquired at an average cost of $110.30 per share, for a total transaction of $1,003,730.00. Following the completion of the acquisition, the chief executive officer directly owned 18,141 shares of the company’s stock, valued at approximately $2,000,952.30. This trade represents a 100.65% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.

Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.