SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lifted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 14.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,753 shares of the industrial products company’s stock after purchasing an additional 1,224 shares during the period. Avantax Advisory Services Inc.’s holdings in SiteOne Landscape Supply were worth $1,184,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of SiteOne Landscape Supply in the 4th quarter worth about $40,676,000. BLI Banque de Luxembourg Investments acquired a new stake in SiteOne Landscape Supply during the fourth quarter worth about $22,787,000. Wasatch Advisors LP raised its stake in SiteOne Landscape Supply by 9.7% during the fourth quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company’s stock worth $228,107,000 after acquiring an additional 153,447 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in SiteOne Landscape Supply by 6.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company’s stock worth $210,570,000 after acquiring an additional 91,719 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in SiteOne Landscape Supply in the first quarter valued at approximately $9,695,000.

Insider Transactions at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 39,640 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $126.28, for a total transaction of $5,005,739.20. Following the sale, the executive vice president owned 13,663 shares of the company’s stock, valued at $1,725,363.64. The trade was a 74.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Doug Black sold 7,384 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $132.09, for a total value of $975,352.56. Following the completion of the sale, the chief executive officer owned 600,446 shares of the company’s stock, valued at $79,312,912.14. This trade represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,784 shares of company stock worth $9,828,465 over the last 90 days. 2.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SITE has been the topic of a number of research reports. Stifel Nicolaus dropped their price target on SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. Royal Bank Of Canada upped their price objective on SiteOne Landscape Supply from $130.00 to $143.00 and gave the stock a “sector perform” rating in a research note on Thursday. Wall Street Zen upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Barclays reduced their price target on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. Finally, Loop Capital dropped their price objective on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus price target of $147.00.

SiteOne Landscape Supply Trading Down 1.0%

Shares of SITE stock opened at $136.41 on Friday. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $160.74. The firm has a market capitalization of $6.09 billion, a PE ratio of 49.78, a price-to-earnings-growth ratio of 2.49 and a beta of 1.54. The stock has a fifty day moving average of $124.40 and a two-hundred day moving average of $125.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 2.41.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.03). The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.49 billion. SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. SiteOne Landscape Supply’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.63 earnings per share. As a group, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

About SiteOne Landscape Supply

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.