Kestra Advisory Services LLC increased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) by 19.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,273 shares of the industrial products company’s stock after buying an additional 374 shares during the quarter. Kestra Advisory Services LLC’s holdings in SiteOne Landscape Supply were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC boosted its position in shares of SiteOne Landscape Supply by 0.8% in the first quarter. Conestoga Capital Advisors LLC now owns 1,057,696 shares of the industrial products company’s stock worth $171,019,000 after buying an additional 8,560 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of SiteOne Landscape Supply in the fourth quarter worth about $192,495,000. State Street Corp boosted its position in shares of SiteOne Landscape Supply by 1.7% in the fourth quarter. State Street Corp now owns 633,997 shares of the industrial products company’s stock worth $153,605,000 after buying an additional 10,470 shares during the period. Goldman Sachs Group Inc. increased its position in shares of SiteOne Landscape Supply by 82.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 589,599 shares of the industrial products company’s stock worth $142,848,000 after acquiring an additional 265,954 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of SiteOne Landscape Supply by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 541,591 shares of the industrial products company’s stock worth $131,216,000 after acquiring an additional 14,313 shares during the last quarter.
Analysts Set New Price Targets
A number of analysts have recently issued reports on SITE shares. Royal Bank of Canada raised SiteOne Landscape Supply from an “underperform” rating to a “sector perform” rating and dropped their target price for the stock from $128.00 to $118.00 in a research report on Wednesday, June 22nd. Robert W. Baird lowered SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $129.00 target price on the stock. in a research report on Thursday, July 14th. Barclays reduced their price target on shares of SiteOne Landscape Supply from $161.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 14th. UBS Group raised shares of SiteOne Landscape Supply from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $170.00 to $165.00 in a research report on Monday, March 28th. They noted that the move was a valuation call. Finally, Loop Capital reduced their price target on shares of SiteOne Landscape Supply from $160.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, July 8th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $154.25.
Insiders Place Their Bets
SiteOne Landscape Supply Stock Performance
Shares of SITE stock opened at $126.66 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.32 and a quick ratio of 0.89. SiteOne Landscape Supply, Inc. has a fifty-two week low of $108.77 and a fifty-two week high of $260.00. The stock’s 50-day moving average is $124.19 and its two-hundred day moving average is $152.44. The firm has a market cap of $5.69 billion, a P/E ratio of 22.07 and a beta of 1.33.
SiteOne Landscape Supply (NYSE:SITE – Get Rating) last issued its earnings results on Wednesday, May 4th. The industrial products company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.54. SiteOne Landscape Supply had a return on equity of 25.59% and a net margin of 7.25%. The company had revenue of $805.30 million for the quarter, compared to analyst estimates of $742.01 million. During the same period in the prior year, the firm posted $0.16 EPS. The business’s revenue was up 23.9% compared to the same quarter last year. Analysts predict that SiteOne Landscape Supply, Inc. will post 5.75 earnings per share for the current fiscal year.
About SiteOne Landscape Supply
SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 135,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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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