US Bancorp DE Reduces Stake in SiteOne Landscape Supply, by 1604 Shares
November 29, 2023
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SITEONE ($NYSE:SITE): US Bancorp DE has recently reduced its stake in SiteOne Landscape Supply, Inc. by disposing of 1604 shares. The company’s products include irrigation supplies, hardscapes, nursery products, outdoor lighting, and landscaping tools and equipment. Its services include design and installation services, plant health care services, deliveries, and customer financing. The company also provides specialized services to golf courses, sports fields, and other recreational sites.
Price History
On Monday, the stock of SITEONE LANDSCAPE SUPPLY opened at a price of $139.4 and closed at $139.7, which was 0.3% lower than the previous closing price of $140.1. As of now, it is unclear what the exact motivation was for this reduction in ownership by US Bancorp DE. Nevertheless, this development has left investors and analysts keeping a close eye on SITEONE LANDSCAPE SUPPLY’s stock and performance. 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 |
| 4.23k | 175.9 | 4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SITE. More…
| Operations | Investing | Financing |
| 294.6 | -282.6 | 0 |
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 |
| 2.99k | 1.49k | 33.14 |
Key Ratios Snapshot
Some of the financial key ratios for SITE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.1% | 15.9% | 6.0% |
| FCF Margin | ROE | ROA |
| 6.0% | 10.8% | 5.3% |
Analysis
At GoodWhale, we recently analyzed the financials of SITEONE LANDSCAPE SUPPLY and our results indicate that it is a strong contender in the industry. According to our Star Chart, SITEONE LANDSCAPE SUPPLY has a high health score of 9/10, indicating that its cashflows and debt are sufficient to sustain future operations even in times of crisis. We have also classified SITEONE LANDSCAPE SUPPLY as a ‘gorilla’ – a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. We believe SITEONE LANDSCAPE SUPPLY has potential to attract a wide range of investors. Its growth potential is strong, while its profitability, asset and dividend performance are medium. With its strong financials and competitive advantages, we believe SITEONE LANDSCAPE SUPPLY is well-placed to succeed in the industry. 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
US Bancorp DE recently sold 1604 shares of SiteOne Landscape Supply, Inc., a leading distributor of landscape supplies in the United States. The investment analysis for this company is mostly positive due to its solid financials and a growing market. Furthermore, the company has seen a continuously increasing demand for its services as customers seek out more efficient ways to maintain their outdoor spaces. With the industry projected to experience additional growth over the coming years, SiteOne Landscape Supply, Inc. is poised to benefit from the trend, making it a desirable investment.
