Wealth Enhancement Advisory Services LLC Purchases 113 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Wealth Enhancement Advisory Services LLC increased its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,131 shares of the industrial products company’s stock after buying an additional 113 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in SiteOne Landscape Supply were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Toronto Dominion Bank bought a new stake in SiteOne Landscape Supply in the 1st quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. bought a new stake in SiteOne Landscape Supply in the 2nd quarter worth approximately $27,000. Blue Trust Inc. lifted its position in SiteOne Landscape Supply by 287.7% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after buying an additional 187 shares during the last quarter. American National Bank & Trust bought a new stake in SiteOne Landscape Supply in the 3rd quarter worth approximately $49,000. Finally, Eagle Bay Advisors LLC lifted its position in SiteOne Landscape Supply by 126.9% in the 3rd quarter. Eagle Bay Advisors LLC now owns 497 shares of the industrial products company’s stock worth $75,000 after buying an additional 278 shares during the last quarter.

SiteOne Landscape Supply Price Performance

Shares of SITE stock opened at $151.93 on Monday. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 49.17 and a beta of 1.53. The business’s fifty day moving average is $144.23 and its 200 day moving average is $141.26. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.21). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. SiteOne Landscape Supply’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 earnings per share. Research analysts expect that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Royal Bank of Canada decreased their price target on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. Barclays lifted their price target 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. The Goldman Sachs Group assumed coverage on SiteOne Landscape Supply in a research note on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price target on the stock. Truist Financial lifted their price target on SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $147.80.

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.