Teacher Retirement System of Texas Increases Stock Position in SiteOne Landscape Supply, Inc. $SITE

Teacher Retirement System of Texas raised its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 16.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,308 shares of the industrial products company’s stock after purchasing an additional 1,422 shares during the period. Teacher Retirement System of Texas’ holdings in SiteOne Landscape Supply were worth $1,247,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. MQS Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 20.3% in the second quarter. MQS Management LLC now owns 2,781 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 470 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of SiteOne Landscape Supply by 1.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 16,269 shares of the industrial products company’s stock valued at $1,968,000 after purchasing an additional 278 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of SiteOne Landscape Supply in the second quarter valued at about $332,000. Birch Hill Investment Advisors LLC lifted its holdings in shares of SiteOne Landscape Supply by 7.9% in the second quarter. Birch Hill Investment Advisors LLC now owns 5,979 shares of the industrial products company’s stock valued at $723,000 after purchasing an additional 440 shares in the last quarter. Finally, WCM Investment Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 6.9% in the second quarter. WCM Investment Management LLC now owns 140,899 shares of the industrial products company’s stock valued at $16,984,000 after purchasing an additional 9,108 shares in the last quarter.

Analysts Set New Price Targets

SITE has been the topic of several recent research reports. Barclays upped their price target on shares of SiteOne Landscape Supply from $106.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 30th. Wall Street Zen raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 8th. The Goldman Sachs Group lowered their target price on shares of SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Finally, Royal Bank Of Canada increased their price target on SiteOne Landscape Supply from $143.00 to $151.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $150.70.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $124.16 on Thursday. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $160.74. The firm’s 50 day moving average is $131.18 and its two-hundred day moving average is $127.74. The company has a market cap of $5.53 billion, a P/E ratio of 40.31, a P/E/G ratio of 2.04 and a beta of 1.60. The company has a quick ratio of 1.14, a current ratio of 2.49 and a debt-to-equity ratio of 0.29.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.09. SiteOne Landscape Supply had a net margin of 2.98% and a return on equity of 8.62%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. Analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

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.