Scientech Research LLC Buys Shares of 3,443 SiteOne Landscape Supply, Inc. (NYSE:SITE)

Scientech Research LLC bought a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,443 shares of the industrial products company’s stock, valued at approximately $418,000.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. bought a new stake in SiteOne Landscape Supply in the 2nd quarter valued at about $27,000. Toronto Dominion Bank bought a new stake in shares of SiteOne Landscape Supply in the first quarter valued at approximately $29,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of SiteOne Landscape Supply by 588.1% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock valued at $50,000 after buying an additional 247 shares in the last quarter. YHB Investment Advisors Inc. bought a new position in SiteOne Landscape Supply in the 1st quarter worth approximately $58,000. Finally, National Bank of Canada FI grew its stake in SiteOne Landscape Supply by 67.5% in the 2nd quarter. National Bank of Canada FI now owns 536 shares of the industrial products company’s stock valued at $63,000 after buying an additional 216 shares in the last quarter.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $151.19 on Monday. The company’s fifty day moving average price is $139.90 and its 200-day moving average price is $146.84. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 43.82 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, July 31st. The industrial products company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.13. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the firm earned $2.71 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SITE. Jefferies Financial Group cut their price target on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating for the company in a report on Thursday, July 11th. UBS Group cut their target price on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Barclays decreased their price target on SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating on the stock in a research report on Friday, July 12th. StockNews.com lowered shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Finally, Stifel Nicolaus lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $144.33.

Insider Activity

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $129.04, for a total value of $113,297.12. Following the completion of the sale, the director now owns 11,267 shares of the company’s stock, valued at $1,453,893.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.