By otakuyassine3@gmail.com 
Birch Hill Investment Advisors LLC purchased a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,469 shares of the industrial products company’s stock, valued at approximately $325,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC lifted its stake in SiteOne Landscape Supply by 1.5% during the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock worth $780,000 after purchasing an additional 77 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of SiteOne Landscape Supply by 6.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock worth $278,000 after buying an additional 106 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of SiteOne Landscape Supply by 5.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,131 shares of the industrial products company’s stock worth $322,000 after buying an additional 113 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of SiteOne Landscape Supply by 2.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company’s stock worth $797,000 after buying an additional 119 shares during the last quarter.
Insider Transactions at SiteOne Landscape Supply
In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of SiteOne Landscape Supply 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 completion of the sale, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have commented on SITE shares. Barclays boosted their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price target for the company from $145.00 to $175.00 in a research note on Friday, December 6th. Finally, Robert W. Baird boosted their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. One 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $156.44.
Check Out Our Latest Stock Analysis on SiteOne Landscape Supply
SiteOne Landscape Supply Price Performance
Shares of NYSE SITE opened at $133.09 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $6.00 billion, a PE ratio of 43.07 and a beta of 1.57. The firm has a fifty day simple moving average of $139.18 and a 200 day simple moving average of $141.56. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01.
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.
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