SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Bought by IHT Wealth Management LLC

IHT Wealth Management LLC increased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) by 13.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,499 shares of the industrial products company’s stock after acquiring an additional 632 shares during the quarter. IHT Wealth Management LLC’s holdings in SiteOne Landscape Supply were worth $573,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. New Millennium Group LLC acquired a new position in SiteOne Landscape Supply in the second quarter worth about $29,000. Eagle Bay Advisors LLC acquired a new stake in shares of SiteOne Landscape Supply during the 2nd quarter valued at approximately $29,000. Covestor Ltd lifted its stake in SiteOne Landscape Supply by 113.5% during the first quarter. Covestor Ltd now owns 331 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 176 shares during the last quarter. Van ECK Associates Corp boosted its holdings in SiteOne Landscape Supply by 9.9% in the third quarter. Van ECK Associates Corp now owns 1,340 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 121 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in SiteOne Landscape Supply in the second quarter worth $141,000.

SiteOne Landscape Supply Stock Down 3.0 %

SiteOne Landscape Supply stock opened at $132.95 on Friday. SiteOne Landscape Supply, Inc. has a 52 week low of $97.36 and a 52 week high of $184.19. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 24.85 and a beta of 1.44. The company’s 50-day moving average price is $144.04 and its two-hundred day moving average price is $126.02. The company has a current ratio of 2.36, a quick ratio of 0.99 and a debt-to-equity ratio of 0.30.

SiteOne Landscape Supply (NYSE:SITE – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The industrial products company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15). The company had revenue of $890.00 million for the quarter, compared to analyst estimates of $895.05 million. SiteOne Landscape Supply had a net margin of 6.11% and a return on equity of 19.75%. SiteOne Landscape Supply’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. On average, analysts expect that SiteOne Landscape Supply, Inc. will post 4.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on SITE. Robert W. Baird lifted their price target on shares of SiteOne Landscape Supply from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Thursday, February 16th. Stifel Nicolaus upped their target price on SiteOne Landscape Supply from $110.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, February 14th. Truist Financial raised their price target on SiteOne Landscape Supply from $127.00 to $157.00 and gave the stock a “hold” rating in a report on Thursday, February 16th. StockNews.com assumed coverage on SiteOne Landscape Supply in a research note on Thursday. They set a “hold” rating for the company. Finally, Royal Bank of Canada raised their target price on SiteOne Landscape Supply from $119.00 to $135.00 and gave the company a “sector perform” rating in a research note on Thursday, February 16th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $151.70.

SiteOne Landscape Supply Company Profile

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SiteOne Landscape Supply, Inc engages in the distribution of landscape supplies and residential. Its products include hardscapes, landscape accessories, nursery goods, outdoor lighting, and ice melt products to green industry professionals. The company was founded in 2001 and is headquartered in Roswell, GA.