Park Avenue Securities LLC Grows Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Park Avenue Securities LLC increased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 15.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,202 shares of the industrial products company’s stock after buying an additional 1,075 shares during the quarter. Park Avenue Securities LLC’s holdings in SiteOne Landscape Supply were worth $1,238,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. MJP Associates Inc. ADV grew its stake in shares of SiteOne Landscape Supply by 5.7% in the second quarter. MJP Associates Inc. ADV now owns 1,707 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 92 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in SiteOne Landscape Supply by 5.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 98 shares during the period. Equitable Trust Co. raised its stake in SiteOne Landscape Supply by 3.0% during the 2nd quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company’s stock valued at $432,000 after buying an additional 103 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of SiteOne Landscape Supply by 7.9% during the 1st quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company’s stock valued at $304,000 after buying an additional 127 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of SiteOne Landscape Supply by 35.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 521 shares of the industrial products company’s stock worth $63,000 after buying an additional 135 shares during the last quarter.

Insider Buying and Selling

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $129.04, for a total transaction of $113,297.12. Following the completion of the sale, the director now directly owns 11,267 shares of the company’s stock, valued at $1,453,893.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by insiders.

Analysts Set New Price Targets

SITE has been the subject of a number of research reports. StockNews.com cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Barclays lowered their price objective on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating on the stock in a research note on Friday, July 12th. Loop Capital reduced their target price on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, June 13th. Royal Bank of Canada decreased their price target on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Finally, Robert W. Baird cut their price objective on shares of SiteOne Landscape Supply from $175.00 to $168.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and a consensus target price of $144.33.

SiteOne Landscape Supply Stock Down 1.9 %

SITE opened at $144.00 on Wednesday. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 41.74 and a beta of 1.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 2.47. The firm’s fifty day moving average is $140.81 and its 200 day moving average is $145.21. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.50 by $0.13. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.71 earnings per share. On average, sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.19 earnings per share for the current fiscal year.

About SiteOne Landscape Supply

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.