SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Purchased by Fmr LLC

Fmr LLC raised its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 52.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,336 shares of the industrial products company’s stock after acquiring an additional 1,846 shares during the period. Fmr LLC’s holdings in SiteOne Landscape Supply were worth $805,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SITE. Wealth Enhancement Advisory Services LLC grew its position in shares of SiteOne Landscape Supply by 5.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 98 shares in the last quarter. Equitable Trust Co. grew its holdings in SiteOne Landscape Supply by 3.0% in 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 in the last quarter. Arkadios Wealth Advisors increased its stake in shares of SiteOne Landscape Supply by 6.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock worth $278,000 after acquiring an additional 106 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of SiteOne Landscape Supply by 35.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 521 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 135 shares during the period. Finally, Raymond James Trust N.A. boosted its position in shares of SiteOne Landscape Supply by 5.6% during the 2nd quarter. Raymond James Trust N.A. now owns 2,833 shares of the industrial products company’s stock valued at $344,000 after acquiring an additional 151 shares during the last quarter.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares in the company, valued at $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. 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.

Analyst Ratings Changes

SITE has been the topic of a number of analyst reports. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price target for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Barclays increased 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. The Goldman Sachs Group assumed coverage on SiteOne Landscape Supply in a research note on Thursday, October 10th. They set a “neutral” rating and a $158.00 target price for the company. Finally, Robert W. Baird upped their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and a consensus price target of $156.44.

SiteOne Landscape Supply Price Performance

SITE opened at $140.15 on Wednesday. The stock’s 50-day moving average price is $146.09 and its 200 day moving average price is $139.79. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $188.01. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 45.52 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business posted $1.25 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 2.94 earnings per share for the current year.

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.