By otakuyassine3@gmail.com 
Stephens Inc. AR lessened its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) by 5.1% in the 4th quarter, Holdings Channel reports. The firm owned 2,849 shares of the industrial products company’s stock after selling 152 shares during the period. Stephens Inc. AR’s holdings in SiteOne Landscape Supply were worth $375,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Bamco Inc. NY increased its holdings in SiteOne Landscape Supply by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock valued at $238,489,000 after purchasing an additional 129,252 shares during the last quarter. Wasatch Advisors LP boosted its position in SiteOne Landscape Supply by 11.4% in the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock valued at $238,083,000 after buying an additional 161,846 shares during the period. Conestoga Capital Advisors LLC boosted its position in SiteOne Landscape Supply by 2.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company’s stock valued at $153,835,000 after buying an additional 30,725 shares during the period. Geode Capital Management LLC boosted its position in SiteOne Landscape Supply by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company’s stock valued at $108,381,000 after buying an additional 3,434 shares during the period. Finally, Geneva Capital Management LLC boosted its position in SiteOne Landscape Supply by 1.5% in the 3rd quarter. Geneva Capital Management LLC now owns 626,101 shares of the industrial products company’s stock valued at $94,485,000 after buying an additional 9,209 shares during the period.
SiteOne Landscape Supply Price Performance
SiteOne Landscape Supply stock opened at $146.21 on Friday. The stock has a market cap of $6.60 billion, a P/E ratio of 47.32 and a beta of 1.57. The company has a fifty day simple moving average of $138.07 and a 200-day simple moving average of $141.47. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $188.01. 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 (NYSE:SITE – Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. Equities analysts expect that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have commented on SITE shares. Barclays raised their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. UBS Group decreased their price target on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research report on Thursday. Royal Bank of Canada raised their price target on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research report on Thursday. StockNews.com cut shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $154.56.
View Our Latest Stock Report on SITE
Insider Activity at SiteOne Landscape Supply
In related news, EVP Joseph Ketter sold 6,500 shares of the business’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 completion of the sale, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by corporate insiders.
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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