Steward Partners Investment Advisory LLC Has $48,000 Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Steward Partners Investment Advisory LLC boosted its position in SiteOne Landscape Supply, Inc. (NYSE:SITEGet Rating) by 1,187.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 296 shares of the industrial products company’s stock after buying an additional 273 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in SiteOne Landscape Supply were worth $48,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sigma Planning Corp boosted its holdings in SiteOne Landscape Supply by 34.0% in the 1st quarter. Sigma Planning Corp now owns 1,775 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 450 shares during the period. Canada Pension Plan Investment Board boosted its holdings in SiteOne Landscape Supply by 5,989.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 25,393 shares of the industrial products company’s stock valued at $6,152,000 after purchasing an additional 24,976 shares during the period. HB Wealth Management LLC bought a new stake in SiteOne Landscape Supply in the 4th quarter valued at $366,000. Confluence Wealth Services Inc. bought a new position in shares of SiteOne Landscape Supply during the 4th quarter worth about $54,000. Finally, Lindenwold Advisors bought a new position in shares of SiteOne Landscape Supply during the 4th quarter worth about $384,000.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black sold 9,530 shares of the firm’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $119.13, for a total value of $1,135,308.90. Following the completion of the sale, the chief executive officer now owns 512,599 shares in the company, valued at approximately $61,065,918.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Trading Down 0.8 %

Shares of SiteOne Landscape Supply stock opened at $134.85 on Friday. The stock has a market capitalization of $6.06 billion, a P/E ratio of 23.49 and a beta of 1.35. The company has a quick ratio of 0.89, a current ratio of 2.32 and a debt-to-equity ratio of 0.41. The company has a 50-day simple moving average of $125.53 and a 200 day simple moving average of $148.12. SiteOne Landscape Supply, Inc. has a 12-month low of $108.77 and a 12-month high of $260.00.

SiteOne Landscape Supply (NYSE:SITEGet Rating) last announced its earnings results on Wednesday, August 3rd. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.96 by $0.11. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. SiteOne Landscape Supply had a net margin of 7.25% and a return on equity of 25.59%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $2.70 EPS. Research analysts expect that SiteOne Landscape Supply, Inc. will post 5.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SITE. UBS Group reduced their price objective on shares of SiteOne Landscape Supply from $165.00 to $152.00 and set a “neutral” rating for the company in a report on Thursday. Robert W. Baird downgraded shares of SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $129.00 price objective for the company. in a report on Thursday, July 14th. Barclays reduced their price objective on shares of SiteOne Landscape Supply from $161.00 to $145.00 and set an “equal weight” rating for the company in a report on Thursday, July 14th. Loop Capital reduced their price objective on shares of SiteOne Landscape Supply from $160.00 to $135.00 and set a “hold” rating for the company in a report on Friday, July 8th. Finally, TheStreet downgraded shares of SiteOne Landscape Supply from a “b-” rating to a “c+” rating in a report on Wednesday, May 18th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $152.63.

SiteOne Landscape Supply Company Profile

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SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 135,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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.

See Also

Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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