SG Americas Securities LLC Invests $427,000 in SiteOne Landscape Supply, Inc. (NYSE:SITE)

SG Americas Securities LLC purchased a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,240 shares of the industrial products company’s stock, valued at approximately $427,000.

A number of other hedge funds have also recently modified their holdings of the stock. Mitchell & Pahl Private Wealth LLC increased its position in shares of SiteOne Landscape Supply by 9.1% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 4,974 shares of the industrial products company’s stock valued at $655,000 after buying an additional 414 shares in the last quarter. Trust Co. of Vermont grew its position in shares of SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 250 shares during the period. Arkadios Wealth Advisors increased its stake in shares of SiteOne Landscape Supply by 9.7% during the fourth quarter. Arkadios Wealth Advisors now owns 2,020 shares of the industrial products company’s stock worth $266,000 after purchasing an additional 178 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in SiteOne Landscape Supply by 5.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 528,873 shares of the industrial products company’s stock valued at $79,812,000 after buying an additional 29,025 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new stake in SiteOne Landscape Supply during the 3rd quarter worth approximately $1,099,000.

Insiders Place Their Bets

In other news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 12,942 shares in the company, valued at approximately $1,840,352.40. This trade represents a 33.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by company insiders.

Analyst Ratings Changes

SITE has been the topic of a number of research analyst reports. Robert W. Baird lifted their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price objective for the company from $145.00 to $175.00 in a research note on Friday, December 6th. 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. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and an average price target of $156.44.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $142.31 on Monday. 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 company has a market cap of $6.42 billion, a P/E ratio of 46.06 and a beta of 1.56. The stock has a 50-day moving average of $140.94 and a two-hundred day moving average of $141.67. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01.

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.