SiteOne Landscape Supply, Inc. (NYSE:SITE) Holdings Lifted by Blue Trust Inc.

Blue Trust Inc. boosted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 287.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 252 shares of the industrial products company’s stock after buying an additional 187 shares during the quarter. Blue Trust Inc.’s holdings in SiteOne Landscape Supply were worth $38,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cetera Advisors LLC bought a new position in SiteOne Landscape Supply during the first quarter valued at about $708,000. Picton Mahoney Asset Management boosted its stake in SiteOne Landscape Supply by 3,279.9% during the first quarter. Picton Mahoney Asset Management now owns 24,842 shares of the industrial products company’s stock valued at $4,337,000 after buying an additional 24,107 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in SiteOne Landscape Supply by 54.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 22,151 shares of the industrial products company’s stock valued at $3,866,000 after buying an additional 7,829 shares in the last quarter. Swedbank AB bought a new position in SiteOne Landscape Supply during the first quarter valued at about $16,757,000. Finally, Cetera Investment Advisers lifted its holdings in shares of SiteOne Landscape Supply by 143.8% during the first quarter. Cetera Investment Advisers now owns 12,281 shares of the industrial products company’s stock valued at $2,144,000 after purchasing an additional 7,244 shares during the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $141.96 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. The stock’s 50-day moving average is $143.39 and its two-hundred day moving average is $141.89. The firm has a market cap of $6.41 billion, a P/E ratio of 45.94 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.21). SiteOne Landscape Supply had a return on equity of 9.38% and a net margin of 3.16%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts predict that SiteOne Landscape Supply, Inc. will post 3.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SITE. Truist Financial upped their target price on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Robert W. Baird upped their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Royal Bank of Canada reduced their target price on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. Barclays upped their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday. Finally, UBS Group reduced their target price on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus price target of $147.80.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $129.04, for a total value of $113,297.12. Following the transaction, the director now directly owns 11,267 shares of the company’s stock, valued at $1,453,893.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

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.