Wilson Asset Management Initiates Position in SiteOne Landscape Supply
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Should l Buy SITE?
Source: Fool
- New Investment Position: Wilson Asset Management disclosed in a February 2 SEC filing that it acquired 33,094 shares of SiteOne Landscape Supply in Q4, with an estimated trade value of $4.12 million, marking a new investment position in the company.
- Increased Stake: This acquisition brings Wilson's stake in SiteOne to 1.06%, representing a notable position within its $389.64 million reportable U.S. equity assets, indicating confidence in the company's future growth potential.
- Strong Financial Performance: SiteOne reported a 4% revenue growth to $1.26 billion in its latest quarterly report, with gross margin expanding by 70 basis points to 34.7% and net income increasing by 33%, reflecting effective pricing and cost control strategies.
- Market Competitive Advantage: SiteOne leads the $25 billion landscape supply industry with 680 branches and four distribution centers, showcasing its competitive edge in industry consolidation and economies of scale, which likely attracted Wilson Asset Management's interest.
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Analyst Views on SITE
Wall Street analysts forecast SITE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SITE is 141.50 USD with a low forecast of 134.00 USD and a high forecast of 151.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 148.030
Low
134.00
Averages
141.50
High
151.00
Current: 148.030
Low
134.00
Averages
141.50
High
151.00
About SITE
SiteOne Landscape Supply, Inc. is a full product line wholesale distributor of landscape supplies in the United States and has a presence in Canada. Its customers are primarily residential and commercial landscape professionals who specialize in the design, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces. Through its expansive North American network, it offers a selection of approximately 170,000 stock keeping units, including irrigation supplies, fertilizer and control products (e.g., herbicides), hardscapes (including pavers, natural stone, and blocks), landscape accessories, nursery goods, outdoor lighting, and ice melt products to green industry professionals. It also provides value-added consultative services to complement its product offerings and to help its customers operate and grow their businesses. Its consultative services include assistance with irrigation project take-offs, commercial project planning, and generation of sales leads.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Wilson Asset Management Initiates Position in SiteOne Landscape Supply
- New Investment Position: Wilson Asset Management disclosed in a February 2 SEC filing that it acquired 33,094 shares of SiteOne Landscape Supply in Q4, with an estimated trade value of $4.12 million, marking a new investment position in the company.
- Increased Stake: This acquisition brings Wilson's stake in SiteOne to 1.06%, representing a notable position within its $389.64 million reportable U.S. equity assets, indicating confidence in the company's future growth potential.
- Strong Financial Performance: SiteOne reported a 4% revenue growth to $1.26 billion in its latest quarterly report, with gross margin expanding by 70 basis points to 34.7% and net income increasing by 33%, reflecting effective pricing and cost control strategies.
- Market Competitive Advantage: SiteOne leads the $25 billion landscape supply industry with 680 branches and four distribution centers, showcasing its competitive edge in industry consolidation and economies of scale, which likely attracted Wilson Asset Management's interest.
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- Active Options Trading: Procter & Gamble's options volume today reached 44,592 contracts, equivalent to approximately 4.5 million shares, representing 43.1% of its average daily trading volume over the past month, indicating heightened market interest in its future performance.
- High Strike Call Options: The $145 strike call option expiring on February 20, 2026, has seen 6,089 contracts traded today, representing about 608,900 underlying shares, suggesting increased investor expectations for P&G's stock price appreciation.
- SITE Options Activity: SiteOne Landscape Supply Inc's options volume today stands at 2,449 contracts, approximately 244,900 shares, accounting for 42.6% of its average daily trading volume over the past month, reflecting growing market interest in the company.
- Bullish Call Options: The $140 strike call option for SITE expiring on February 20, 2026, has recorded a trading volume of 1,965 contracts today, representing around 196,500 shares, indicating investor confidence in the company's future growth.
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Goldman Sachs Cuts Netflix Price Target to $112 Ahead of Earnings
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- Content Strategy: Goldman emphasizes that Netflix will continue to rely on original and returning original content to drive user engagement and growth, a strategy that may impact user retention and market share in the competitive streaming landscape.
- Market Expectations: While Goldman maintains a neutral rating on Netflix, the market's reaction to the forthcoming earnings report could lead to stock price volatility, particularly given the uncertainties in the macroeconomic environment.
- Competitive Pressure: Netflix faces competitive pressures from other streaming platforms, especially regarding content richness and user experience, which could affect its growth potential moving forward.
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SITE Stock Analysis: 52-Week Low at $101.25 with Current Trade at $128.90
- Stock Volatility: SITE's 52-week low stands at $101.25 per share, with a high of $154, while the last trade was at $128.90, indicating significant price fluctuations that reflect market interest and potential investment opportunities.
- Market Trends: The current price of $128.90 is approaching the 52-week high, suggesting a gradual recovery in investor confidence, which may attract more buying interest and influence future market performance.
- Technical Indicators: SITE's stock has crossed above its 200-day moving average, potentially signaling a bullish trend in the short term, prompting investors to monitor this technical signal for optimal buying opportunities.
- Investor Sentiment: Despite the current price being in a fluctuating range, the market sentiment towards SITE remains neutral, necessitating cautious evaluation of market dynamics for informed investment strategies.
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Sitewire Launches BudgetIQ™ and PermitIQ™ to Enhance Construction Financial Transparency
- Product Launch: Sitewire has introduced BudgetIQ™ and PermitIQ™, designed to standardize budget and permit checks, addressing financial and regulatory friction at the start of construction projects, thereby accelerating project initiation and reducing mid-project surprises.
- Budget Validation: BudgetIQ™ validates borrower budgets line-by-line using over 80 million local cost records, helping builders and lenders avoid maintaining manual costing catalogs costing $3,000 to $5,000 annually, significantly enhancing financial accuracy.
- Permit Trigger Analysis: PermitIQ™ analyzes project scopes to instantly flag permit triggers across over 20,000 jurisdictions, providing process maps and fee information, which helps teams identify conflicts early and mitigate delays of 1 to 30 weeks, ensuring project timelines are met.
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SiteOne Landscape Supply Collaborates with Goodway Group to Boost Growth
Partnership Announcement: Goodway Group has been selected by SiteOne Landscape Supply as its paid media strategy partner to enhance growth among professional customers in various landscape supply categories.
Strategic Focus: The collaboration will involve a comprehensive onboarding and planning phase aimed at creating a full-funnel, measurement-driven media program that simplifies the customer journey and fosters loyalty.
Goals and Objectives: Goodway Group will conduct competitive market analysis and budget modeling to ensure that SiteOne's media investments align with growth priorities and deliver measurable business outcomes.
Vision for Growth: SiteOne's leadership emphasizes the importance of this partnership in advancing their marketing sophistication and building lasting customer relationships through a customer-first approach.
See More
Wilson Asset Management Initiates Position in SiteOne Landscape Supply
- New Investment Position: Wilson Asset Management disclosed in a February 2 SEC filing that it acquired 33,094 shares of SiteOne Landscape Supply in Q4, with an estimated trade value of $4.12 million, marking a new investment position in the company.
- Increased Stake: This acquisition brings Wilson's stake in SiteOne to 1.06%, representing a notable position within its $389.64 million reportable U.S. equity assets, indicating confidence in the company's future growth potential.
- Strong Financial Performance: SiteOne reported a 4% revenue growth to $1.26 billion in its latest quarterly report, with gross margin expanding by 70 basis points to 34.7% and net income increasing by 33%, reflecting effective pricing and cost control strategies.
- Market Competitive Advantage: SiteOne leads the $25 billion landscape supply industry with 680 branches and four distribution centers, showcasing its competitive edge in industry consolidation and economies of scale, which likely attracted Wilson Asset Management's interest.
See More
Procter & Gamble (PG) Options Volume Hits 44,592 Contracts, Significantly Above Average
- Active Options Trading: Procter & Gamble's options volume today reached 44,592 contracts, equivalent to approximately 4.5 million shares, representing 43.1% of its average daily trading volume over the past month, indicating heightened market interest in its future performance.
- High Strike Call Options: The $145 strike call option expiring on February 20, 2026, has seen 6,089 contracts traded today, representing about 608,900 underlying shares, suggesting increased investor expectations for P&G's stock price appreciation.
- SITE Options Activity: SiteOne Landscape Supply Inc's options volume today stands at 2,449 contracts, approximately 244,900 shares, accounting for 42.6% of its average daily trading volume over the past month, reflecting growing market interest in the company.
- Bullish Call Options: The $140 strike call option for SITE expiring on February 20, 2026, has recorded a trading volume of 1,965 contracts today, representing around 196,500 shares, indicating investor confidence in the company's future growth.
See More
Goldman Sachs Cuts Netflix Price Target to $112 Ahead of Earnings
- Price Target Adjustment: Goldman Sachs has cut its price target for Netflix from $130 to $112, reflecting a cautious outlook ahead of the upcoming earnings report, which is expected to show solid performance by the end of 2025 as management executes its core strategic focus.
- Content Strategy: Goldman emphasizes that Netflix will continue to rely on original and returning original content to drive user engagement and growth, a strategy that may impact user retention and market share in the competitive streaming landscape.
- Market Expectations: While Goldman maintains a neutral rating on Netflix, the market's reaction to the forthcoming earnings report could lead to stock price volatility, particularly given the uncertainties in the macroeconomic environment.
- Competitive Pressure: Netflix faces competitive pressures from other streaming platforms, especially regarding content richness and user experience, which could affect its growth potential moving forward.
See More
SITE Stock Analysis: 52-Week Low at $101.25 with Current Trade at $128.90
- Stock Volatility: SITE's 52-week low stands at $101.25 per share, with a high of $154, while the last trade was at $128.90, indicating significant price fluctuations that reflect market interest and potential investment opportunities.
- Market Trends: The current price of $128.90 is approaching the 52-week high, suggesting a gradual recovery in investor confidence, which may attract more buying interest and influence future market performance.
- Technical Indicators: SITE's stock has crossed above its 200-day moving average, potentially signaling a bullish trend in the short term, prompting investors to monitor this technical signal for optimal buying opportunities.
- Investor Sentiment: Despite the current price being in a fluctuating range, the market sentiment towards SITE remains neutral, necessitating cautious evaluation of market dynamics for informed investment strategies.
See More
Sitewire Launches BudgetIQ™ and PermitIQ™ to Enhance Construction Financial Transparency
- Product Launch: Sitewire has introduced BudgetIQ™ and PermitIQ™, designed to standardize budget and permit checks, addressing financial and regulatory friction at the start of construction projects, thereby accelerating project initiation and reducing mid-project surprises.
- Budget Validation: BudgetIQ™ validates borrower budgets line-by-line using over 80 million local cost records, helping builders and lenders avoid maintaining manual costing catalogs costing $3,000 to $5,000 annually, significantly enhancing financial accuracy.
- Permit Trigger Analysis: PermitIQ™ analyzes project scopes to instantly flag permit triggers across over 20,000 jurisdictions, providing process maps and fee information, which helps teams identify conflicts early and mitigate delays of 1 to 30 weeks, ensuring project timelines are met.
- Integrated Platform: Both products are integrated into the Sitewire platform alongside virtual inspections and draw management, allowing lenders to go live within 24 hours without internal IT support, enhancing operational efficiency and borrower experience.
See More
SiteOne Landscape Supply Collaborates with Goodway Group to Boost Growth
Partnership Announcement: Goodway Group has been selected by SiteOne Landscape Supply as its paid media strategy partner to enhance growth among professional customers in various landscape supply categories.
Strategic Focus: The collaboration will involve a comprehensive onboarding and planning phase aimed at creating a full-funnel, measurement-driven media program that simplifies the customer journey and fosters loyalty.
Goals and Objectives: Goodway Group will conduct competitive market analysis and budget modeling to ensure that SiteOne's media investments align with growth priorities and deliver measurable business outcomes.
Vision for Growth: SiteOne's leadership emphasizes the importance of this partnership in advancing their marketing sophistication and building lasting customer relationships through a customer-first approach.
See More
