Charles Schwab Investment Management Inc. Raises Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Charles Schwab Investment Management Inc. increased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITEFree Report) by 4.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 474,910 shares of the industrial products company’s stock after purchasing an additional 18,392 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in SiteOne Landscape Supply were worth $77,624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SITE. Janney Montgomery Scott LLC increased its position in SiteOne Landscape Supply by 0.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 32,779 shares of the industrial products company’s stock worth $5,358,000 after purchasing an additional 121 shares in the last quarter. NewEdge Wealth LLC lifted its stake in SiteOne Landscape Supply by 8.9% during the third quarter. NewEdge Wealth LLC now owns 17,309 shares of the industrial products company’s stock worth $2,829,000 after purchasing an additional 1,418 shares during the last quarter. Swiss National Bank increased its position in SiteOne Landscape Supply by 0.9% in the third quarter. Swiss National Bank now owns 98,800 shares of the industrial products company’s stock worth $16,149,000 after buying an additional 900 shares during the period. Amalgamated Bank increased its holdings in shares of SiteOne Landscape Supply by 33.9% during the third quarter. Amalgamated Bank now owns 10,246 shares of the industrial products company’s stock valued at $1,675,000 after purchasing an additional 2,592 shares during the period. Finally, Qsemble Capital Management LP acquired a new position in SiteOne Landscape Supply during the third quarter worth about $986,000.

SiteOne Landscape Supply Stock Up 1.7 %

Shares of SITE stock opened at $163.39 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.10 and a current ratio of 2.40. The stock’s 50 day simple moving average is $156.95 and its 200 day simple moving average is $153.61. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 42.55 and a beta of 1.54. SiteOne Landscape Supply, Inc. has a twelve month low of $116.81 and a twelve month high of $176.16.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SITE. Barclays increased their price target on SiteOne Landscape Supply from $114.00 to $121.00 and gave the company an “underweight” rating in a research report on Wednesday, December 13th. TheStreet lowered SiteOne Landscape Supply from a “b-” rating to a “c” rating in a research report on Friday, November 3rd. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a $120.00 price target (down from $123.00) on shares of SiteOne Landscape Supply in a report on Friday, December 8th. Loop Capital lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Truist Financial lifted their price target on SiteOne Landscape Supply from $158.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, SiteOne Landscape Supply presently has a consensus rating of “Hold” and a consensus price target of $160.60.

Get Our Latest Stock Report on SITE

Insiders Place Their Bets

In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $165.37, for a total value of $1,653,700.00. Following the transaction, the chief executive officer now directly owns 580,886 shares of the company’s stock, valued at approximately $96,061,117.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

About SiteOne Landscape Supply

(Free Report)

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 155,000 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.

Read More

Want to see what other hedge funds are holding SITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiteOne Landscape Supply, Inc. (NYSE:SITEFree Report).

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

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