Park Avenue Securities LLC Has $1.02 Million Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Park Avenue Securities LLC trimmed its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,713 shares of the industrial products company’s stock after selling 489 shares during the quarter. Park Avenue Securities LLC’s holdings in SiteOne Landscape Supply were worth $1,016,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its holdings in shares of SiteOne Landscape Supply by 90.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after buying an additional 187 shares during the last quarter. American National Bank & Trust acquired a new position in shares of SiteOne Landscape Supply during the third quarter valued at about $49,000. Quarry LP acquired a new position in shares of SiteOne Landscape Supply during the second quarter valued at about $61,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of SiteOne Landscape Supply by 35.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 521 shares of the industrial products company’s stock valued at $63,000 after buying an additional 135 shares during the last quarter.

Insider Activity at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction 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 trade represents a 33.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SITE. The Goldman Sachs Group began coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price objective for the company. Barclays lifted their price objective on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. Robert W. Baird boosted their price target on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price target for the stock from $145.00 to $175.00 in a report on Friday, December 6th. Finally, StockNews.com cut shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, SiteOne Landscape Supply currently has an average rating of “Hold” and a consensus price target of $156.44.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $143.00 on Tuesday. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 46.28 and a beta of 1.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply, Inc. has a 52 week low of $114.60 and a 52 week high of $188.01. The firm’s 50-day simple moving average is $140.46 and its two-hundred day simple moving average is $140.52.

SiteOne Landscape Supply (NYSE:SITE) last posted 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). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $1.25 EPS. As a group, equities analysts forecast that SiteOne Landscape Supply, Inc. will post 2.94 earnings per share 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.