Van ECK Associates Corp Acquires 2,386 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Van ECK Associates Corp raised its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 27.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,053 shares of the industrial products company’s stock after purchasing an additional 2,386 shares during the period. Van ECK Associates Corp’s holdings in SiteOne Landscape Supply were worth $1,796,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC acquired a new position in SiteOne Landscape Supply during the 3rd quarter valued at $26,000. Operose Advisors LLC acquired a new position in SiteOne Landscape Supply during the 3rd quarter valued at $28,000. GAMMA Investing LLC acquired a new position in SiteOne Landscape Supply during the 4th quarter valued at $38,000. iA Global Asset Management Inc. acquired a new position in SiteOne Landscape Supply during the 3rd quarter valued at $105,000. Finally, Signaturefd LLC raised its stake in SiteOne Landscape Supply by 127.4% during the 3rd quarter. Signaturefd LLC now owns 723 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 405 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. Truist Financial dropped their price objective on shares of SiteOne Landscape Supply from $204.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Barclays dropped their price objective on shares of SiteOne Landscape Supply from $145.00 to $133.00 and set an “underweight” rating for the company in a research note on Thursday, May 2nd. Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and dropped their price objective for the company from $167.00 to $165.00 in a research note on Thursday, May 2nd. Finally, Robert W. Baird upped their target price on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $167.50.

SiteOne Landscape Supply Stock Down 0.5 %

Shares of NYSE:SITE opened at $155.37 on Thursday. SiteOne Landscape Supply, Inc. has a 12 month low of $116.81 and a 12 month high of $188.01. The company’s 50-day moving average price is $168.85 and its two-hundred day moving average price is $157.06. The company has a quick ratio of 0.96, a current ratio of 2.36 and a debt-to-equity ratio of 0.35. The firm has a market cap of $7.02 billion, a P/E ratio of 45.03 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.22). SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The company had revenue of $904.80 million for the quarter, compared to the consensus estimate of $864.01 million. During the same period in the prior year, the company earned ($0.10) EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, research analysts forecast that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO John T. Guthrie sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $180.00, for a total value of $540,000.00. Following the transaction, the chief financial officer now owns 15,467 shares of the company’s stock, valued at approximately $2,784,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO John T. Guthrie sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $180.00, for a total value of $540,000.00. Following the transaction, the chief financial officer now owns 15,467 shares of the company’s stock, valued at approximately $2,784,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Doug Black sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total transaction of $1,763,500.00. Following the completion of the transaction, the chief executive officer now directly owns 574,657 shares in the company, valued at approximately $101,340,761.95. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock valued at $3,924,500 in the last 90 days. 2.60% of the stock is currently owned by insiders.

SiteOne Landscape Supply Profile

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 irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; 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 and cultivars; 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.