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Corient Private Wealth LP boosted its position in SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) by 207.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,936 shares of the industrial products company’s stock after buying an additional 20,889 shares during the period. Corient Private Wealth LP owned approximately 0.07% of SiteOne Landscape Supply worth $3,539,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Amundi lifted its stake in SiteOne Landscape Supply by 49.0% during the 2nd quarter. Amundi now owns 1,048,747 shares of the industrial products company’s stock valued at $120,043,000 after acquiring an additional 344,980 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of SiteOne Landscape Supply in the second quarter worth $2,059,000. AlphaGrep UK Ltd purchased a new position in shares of SiteOne Landscape Supply during the second quarter worth $224,000. Nykredit A S purchased a new position in shares of SiteOne Landscape Supply during the second quarter worth $272,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in SiteOne Landscape Supply by 694.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,185 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 1,910 shares during the period.

SiteOne Landscape Supply Price Performance NYSE:SITE opened at $90.48 on Monday. SiteOne Landscape Supply, Inc. has a 52 week low of $86.20 and a 52 week high of $168.56. The company has a quick ratio of 1.01, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $3.95 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 1.31 and a beta of 1.34. The stock’s 50-day moving average price is $98.02 and its 200-day moving average price is $113.79.

SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%.The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.86 EPS. As a group, equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current fiscal year. Wall Street Analyst Weigh In Several equities research analysts have commented on the stock. Truist Financial lowered their price target on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Barclays reduced their price objective on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Stifel Nicolaus reissued a “hold” rating and issued a $100.00 price objective (down from $153.00) on shares of SiteOne Landscape Supply in a report on Thursday, July 30th. Robert W. Baird lowered their target price on SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Finally, Zacks Research lowered SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $132.80.

View Our Latest Stock Report on SITE

Insider Buying and Selling at SiteOne Landscape Supply In other SiteOne Landscape Supply news, CEO Doug Black bought 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average price of $102.03 per share, for a total transaction of $816,240.00. Following the transaction, the chief executive officer directly owned 8,000 shares of the company’s stock, valued at approximately $816,240. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by insiders.

SiteOne Landscape Supply Company Profile (Free Report)

SiteOne Landscape Supply, Inc is a wholesale distributor of landscape, irrigation, and outdoor living products serving professional customers across the United States and Canada. The company supplies landscape contractors, golf course professionals, green-industry businesses, municipalities, and other commercial customers through a network of local branches and distribution facilities.

Its product offerings include irrigation and water-management systems, nursery and landscape supplies, seed, fertilizer, turf and ornamental plant protection products, landscape lighting, hardscape materials, outdoor living products, and related maintenance equipment.

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The Selloff In SiteOne Landscape Supply Is Overextended SiteOne Landscape Supply NYSE: SITE reported second-quarter 2026 net sales growth of 5% and adjusted EBITDA growth of 5%, as pricing, acquisitions and commercial initiatives helped offset softer demand in key end markets.

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Net sales rose to approximately $1.53 billion from $1.46 billion a year earlier. Organic daily sales increased 1%, reflecting a 3% pricing contribution that more than offset a roughly 2% decline in organic volume. Acquisitions completed in 2025 and 2026 added about $49 million, or 3%, to quarterly sales growth.

SiteOne Landscape Supply Company Breaks To New HighsNet income attributable to SiteOne increased 8% to $139.3 million, while adjusted EBITDA rose to $237.2 million from $226.7 million. Adjusted EBITDA margin was unchanged at 15.5%.

Soft Demand Weighs on Volumes Chairman and CEO Doug Black said the company delivered solid results despite difficult market conditions, citing weakness in new residential construction and repair and upgrade activity. SiteOne expects new residential landscaping demand, which represents 20% of sales, to decline by high single digits for the full year. Repair and upgrade demand, representing 30% of sales, is expected to fall by mid-single digits.

SiteOne Landscape Supply Grows To New High Black said new residential construction was particularly weak in Sun Belt markets including California, Arizona and Texas, while conditions were stronger in the Midwest. He also described repair and upgrade weakness as broad-based, with hardscapes and lighting serving as indicators of softer remodeling activity.

“We believe that the ongoing energy volatility, higher interest rates, weak consumer confidence, and increased macroeconomic uncertainty are collectively having a negative effect” on new residential construction and repair and upgrade markets, Black said.

Maintenance demand, which accounts for 36% of sales, has remained relatively steady, though the company said higher fertilizer prices temporarily reduced volumes among customers operating under fixed budgets. New commercial construction, representing 14% of sales, is expected to remain flat in 2026, according to management.

Margins Improve as Pricing and Private Brands Gain Gross profit increased 6% to approximately $565 million, and gross margin expanded 50 basis points to 36.9%. The company attributed the improvement to price realization, growth in private-brand products and sales gains among small customers.

Pro-Trade private-brand sales increased nearly 50% year over year during the quarter. Black said sales of the company’s Pro-Trade, Solstice and Portfolio private brands collectively grew 40%. SiteOne also reported that digital sales through siteone.com rose more than 50% year to date, while regular active users increased about 40%.

Organic daily sales of agronomic products increased 5%, supported by 4% pricing and 1% volume growth. Landscaping product sales were flat organically, with 3% pricing offset by weaker demand in residential construction and repair and upgrade categories.

Pricing was positive across most categories, though grass seed and PVC pipe prices declined 9% and 4%, respectively, during the quarter. Chief Financial Officer Eric Elema said grass seed price increases took effect in July and are expected to provide a low- to mid-single-digit pricing benefit in the second half. PVC price increases implemented in the second quarter are also expected to contribute in the back half.

Selling, general and administrative expenses rose to approximately $371 million. SG&A as a percentage of sales increased 30 basis points to 24.2%, driven by modest organic growth, healthcare costs and fuel inflation. Acquisitions accounted for about half of the year-over-year increase in SG&A, Elema said.

The company said fuel surcharges implemented near the end of the first quarter helped offset higher delivery costs. Black said increased fuel costs added approximately 15 basis points to SG&A as a percentage of sales, with an offsetting benefit to gross margin.

Capital Returns and Acquisition Activity SiteOne repurchased approximately 797,000 shares for about $94 million during the second quarter at an average price of $117.63 per share. After the quarter ended, it repurchased another 101,000 shares for approximately $10 million. Through July, year-to-date repurchases totaled 1.053 million shares for about $124 million.

The company ended the quarter with net debt of approximately $556 million and net debt to trailing 12-month adjusted EBITDA of 1.3 times. Available liquidity totaled roughly $530 million, including $87 million in cash and $443 million of borrowing capacity under its asset-based lending facility. During the quarter, SiteOne amended the facility and extended its maturity to April 2031.

SiteOne completed two acquisitions earlier this year representing approximately $110 million in trailing 12-month sales, including Reinders, a Midwest supplier of irrigation, agronomics and lighting products. The company did not close an acquisition during the second quarter but said its pipeline remains active and it expects additional deals during the remainder of 2026.

Management said Reinders’ integration is on track, with initial purchasing, product and system synergies underway. Full systems integration is expected in early 2027, while distribution, logistics and branch optimization opportunities are expected to create benefits over multiple years.

2026 Outlook Maintained SiteOne expects full-year organic daily sales growth to range from flat to up 1%, supported by anticipated pricing growth of about 3%. The company expects gross margin to exceed 2025 levels and SG&A as a percentage of sales to be approximately flat for the full year as cost actions and operational initiatives offset fuel and other inflation.

Management expects adjusted EBITDA margin expansion despite the softer volume environment. SiteOne reaffirmed its full-year adjusted EBITDA outlook of $425 million to $455 million, excluding contributions from unannounced acquisitions. The forecast includes an expected $4 million to $5 million negative impact from the extra week in fiscal 2026, which falls during the company’s seasonally slow December period.

Black said the company has opened six greenfield locations so far in 2026 and remains on pace to pursue roughly five to 10 annually, while being selective in weaker local markets. He also said SiteOne’s branch consolidation efforts have retained more than its targeted 80% of sales transferred to nearby locations.

About SiteOne Landscape Supply (NYSE:SITE)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.

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