BlackRock Sells 256698 Shares of SiteOne Landscape Supply, in 2023.
March 21, 2023
Trending News ☀️
SITEONE ($NYSE:SITE): In 2023, BlackRock Inc. sold 256698 shares of SiteOne Landscape Supply, Inc. This significant transaction marks a major divestment of the company’s holdings and has created a notable shift within the industry. SiteOne Landscape Supply, Inc. is a major supplier of landscaping products and services, offering a wide variety of items for all types of customers. The company has been growing rapidly over the past few years, with the sale of 256698 of its shares by BlackRock Inc. providing further validation of its success. The sale of these shares by BlackRock Inc. is a clear indication of the company’s potential for future growth and profitability.
With the influx of capital from this divestment, SiteOne Landscape Supply, Inc. is well-positioned to continue developing its business and expanding its offerings even further. This transaction not only reflects positively on the company’s current standing but also suggests an optimistic outlook for its future prospects.
Market Price
On Monday, BlackRock Inc. announced that it had sold 256698 shares of SiteOne Landscape Supply, Inc., adding to the news coverage that has so far been mainly positive. The stock opened at $132.8 on the day and closed at $136.0, a 0.3% increase from the previous closing price of 135.6. This could be seen as a sign of confidence in the company, as BlackRock Inc. continues to show support for the company by reducing its shareholdings. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SITE. More…
| Total Revenues | Net Income | Net Margin |
| 4.01k | 245.4 | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SITE. More…
| Operations | Investing | Financing |
| 217.2 | -284.4 | 43.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SITE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.53k | 1.23k | 29.01 |
Key Ratios Snapshot
Some of the financial key ratios for SITE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.4% | 38.7% | 8.3% |
| FCF Margin | ROE | ROA |
| 4.4% | 15.9% | 8.2% |
Analysis
At GoodWhale, we use our Star Chart to analyze the fundamentals of SITEONE LANDSCAPE SUPPLY. We can see that SITEONE LANDSCAPE SUPPLY is strong in growth and profitability, medium in asset, and weak in dividend. We categorize such companies as ‘gorillas’, companies that have a stable and high revenue or earning growth due to their strong competitive advantage. This makes SITEONE LANDSCAPE SUPPLY an attractive investment for investors who are seeking long-term growth. Moreover, SITEONE LANDSCAPE SUPPLY has a high health score of 9/10. This indicates that the company is capable of paying off its debt and funding future operations, making it an even more attractive investment opportunity. More…
Peers
The company offers a wide range of products, including irrigation supplies, nursery stock, landscape tools and accessories, and more. SiteOne Landscape Supply Inc competes with Hydrofarm Holdings Group Inc, MAX Co Ltd, Thorpe (F W) PLC, and others in the landscape supplies industry.
– Hydrofarm Holdings Group Inc ($NASDAQ:HYFM)
Hydrofarm Holdings Group Inc is a leading manufacturer and distributor of hydroponic equipment and supplies in the United States. The company has a market cap of 102.81M as of 2022 and a Return on Equity of -41.86%. Hydrofarm Holdings Group Inc is a publicly traded company on the NASDAQ stock exchange under the ticker symbol HYFG. The company’s products are used by commercial and hobbyist growers to produce fruits, vegetables, and herbs.
– MAX Co Ltd ($TSE:6454)
As of 2022, Daikin Industries, Ltd. has a market capitalization of 97.87 billion dollars and a return on equity of 7.15%. Daikin is a Japanese multinational air conditioning manufacturing company with headquarters in Osaka. The company makes a wide range of products including air conditioners, refrigerators, and chemicals. It also provides services such as installation, repair, and maintenance.
– Thorpe (F W) PLC ($LSE:TFW)
Thorpe (F W) PLC is a British engineering company. The company is headquartered in Derby, England. Thorpe (F W) PLC designs, manufactures, and supplies equipment and services for the rail, construction, and mining industries. The company’s products and services include locomotives, railway cars, and railway infrastructure. Thorpe (F W) PLC has a market cap of 474.63M as of 2022, a Return on Equity of 10.79%.
Summary
BlackRock Inc. recently sold 256698 shares of SiteOne Landscape Supply, Inc. at the end of 2023. Analysts have been positive on the company, as it has shown a steady and positive growth. SiteOne’s financials have been strong, with a higher than average gross profit margin and strong cash flow. Investors have had a positive outlook on the company, with earnings per share increasing significantly over the years.
Its balance sheet has remained solid and debt-to-equity ratio is lower than industry average. SiteOne has a competent management team with a long history of success, which is expected to lead the company to continued growth. With its current financial position and growing industry, SiteOne is expected to remain an attractive investment opportunity.
