SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 528,873 shares of the industrial products company’s stock after purchasing an additional 29,025 shares during the quarter. JPMorgan Chase & Co. owned 1.17% of SiteOne Landscape Supply worth $79,812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Oddo BHF Asset Management Sas acquired a new stake in shares of SiteOne Landscape Supply during the third quarter valued at about $1,099,000. Synovus Financial Corp increased its holdings in SiteOne Landscape Supply by 12.0% in the 3rd quarter. Synovus Financial Corp now owns 1,954 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 209 shares during the last quarter. Tidal Investments LLC raised its position in SiteOne Landscape Supply by 1.5% in the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock valued at $780,000 after purchasing an additional 77 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in SiteOne Landscape Supply during the third quarter worth $71,000. Finally, Sanctuary Advisors LLC boosted its position in shares of SiteOne Landscape Supply by 6.0% during the third quarter. Sanctuary Advisors LLC now owns 14,108 shares of the industrial products company’s stock worth $2,099,000 after buying an additional 797 shares during the period.

Insider Activity at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the sale, the executive vice president now owns 12,942 shares in the company, valued at $1,840,352.40. This represents a 33.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply Stock Down 2.1 %

Shares of NYSE:SITE opened at $129.04 on Friday. The firm has a 50 day simple moving average of $143.50 and a 200-day simple moving average of $139.54. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve 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. The company has a market capitalization of $5.82 billion, a PE ratio of 41.76 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. SiteOne Landscape Supply’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $1.25 earnings per share. On average, equities analysts predict that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SITE. Robert W. Baird increased their target price 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 increased their price target for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. The Goldman Sachs Group started coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price objective for the company. 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. Finally, StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $156.44.

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.