Thrivent Financial for Lutherans Lowers Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Thrivent Financial for Lutherans trimmed its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 98.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,646 shares of the industrial products company’s stock after selling 102,860 shares during the quarter. Thrivent Financial for Lutherans’ holdings in SiteOne Landscape Supply were worth $248,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of SiteOne Landscape Supply in the 2nd quarter worth approximately $27,000. Blue Trust Inc. raised its position in shares of SiteOne Landscape Supply by 287.7% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 187 shares during the last quarter. American National Bank & Trust acquired a new stake in SiteOne Landscape Supply in the 3rd quarter worth approximately $49,000. Quarry LP acquired a new stake in shares of SiteOne Landscape Supply during the second quarter worth $61,000. Finally, National Bank of Canada FI raised its stake in shares of SiteOne Landscape Supply by 67.5% in the second quarter. National Bank of Canada FI now owns 536 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 216 shares during the last quarter.

Wall Street Analysts Forecast Growth

SITE has been the subject of several research reports. The Goldman Sachs Group began coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They set a “neutral” rating and a $158.00 price objective for the company. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $175.00 in a research report on Friday. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Robert W. Baird increased their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Barclays lifted their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and an average price target of $152.80.

Insider Transactions at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the transaction, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Price Performance

Shares of SITE opened at $151.05 on Friday. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The firm has a 50-day simple moving average of $146.34 and a two-hundred day simple moving average of $140.29. The stock has a market cap of $6.82 billion, a PE ratio of 48.88 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.21). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the company posted $1.25 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, analysts forecast that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current year.

SiteOne Landscape Supply Company 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.