Envestnet Asset Management Inc. Has $37.91 Million Position in SiteOne Landscape Supply, Inc. $SITE

Envestnet Asset Management Inc. reduced its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 3.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 294,325 shares of the industrial products company’s stock after selling 11,042 shares during the period. Envestnet Asset Management Inc. owned approximately 0.66% of SiteOne Landscape Supply worth $37,909,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Millennium Management LLC increased its position in shares of SiteOne Landscape Supply by 45.9% during the first quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock worth $9,126,000 after acquiring an additional 23,657 shares in the last quarter. NewEdge Advisors LLC boosted its stake in SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 107 shares during the period. Goldman Sachs Group Inc. increased its holdings in SiteOne Landscape Supply by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock worth $25,907,000 after purchasing an additional 11,574 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of SiteOne Landscape Supply by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company’s stock valued at $20,679,000 after purchasing an additional 16,378 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of SiteOne Landscape Supply in the first quarter valued at about $6,797,000.

Analysts Set New Price Targets

A number of research firms recently issued reports on SITE. William Blair reiterated a “market perform” rating on shares of SiteOne Landscape Supply in a report on Wednesday, October 15th. Bank of America initiated coverage on shares of SiteOne Landscape Supply in a research note on Thursday, December 18th. They set a “buy” rating and a $147.00 price target for the company. Royal Bank Of Canada raised shares of SiteOne Landscape Supply from a “sector perform” rating to an “outperform” rating and set a $151.00 price objective on the stock in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, January 21st. Finally, Stifel Nicolaus set a $144.00 price target on shares of SiteOne Landscape Supply in a research report on Monday. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus target price of $151.10.

SiteOne Landscape Supply Stock Performance

SITE opened at $148.83 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 2.49 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $154.00. The business has a 50 day moving average of $136.68 and a 200-day moving average of $134.05. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 48.32, a PEG ratio of 1.53 and a beta of 1.59.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.