Raymond James Financial Services Advisors Inc. Boosts Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Raymond James Financial Services Advisors Inc. lifted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,458 shares of the industrial products company’s stock after acquiring an additional 138 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in SiteOne Landscape Supply were worth $889,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 129.4% in the 3rd quarter. Fisher Asset Management LLC now owns 22,619 shares of the industrial products company’s stock worth $4,512,000 after acquiring an additional 12,760 shares during the last quarter. NFJ Investment Group LLC lifted its holdings in SiteOne Landscape Supply by 154.8% during the 2nd quarter. NFJ Investment Group LLC now owns 16,623 shares of the industrial products company’s stock worth $2,813,000 after buying an additional 10,100 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in SiteOne Landscape Supply by 1.2% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,210,251 shares of the industrial products company’s stock worth $241,409,000 after buying an additional 14,407 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in SiteOne Landscape Supply by 63.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 55,536 shares of the industrial products company’s stock worth $9,400,000 after buying an additional 21,579 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in shares of SiteOne Landscape Supply by 16.4% in the 2nd quarter. M&T Bank Corp now owns 20,231 shares of the industrial products company’s stock valued at $3,425,000 after purchasing an additional 2,845 shares in the last quarter.

Shares of SITE opened at $204.55 on Friday. SiteOne Landscape Supply, Inc. has a 52-week low of $147.60 and a 52-week high of $260.00. The company has a quick ratio of 1.16, a current ratio of 2.32 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $9.14 billion, a PE ratio of 42.18 and a beta of 1.18. The firm has a 50-day moving average price of $235.17 and a 200 day moving average price of $210.15.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, November 3rd. The industrial products company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.51. SiteOne Landscape Supply had a return on equity of 24.99% and a net margin of 6.65%. The firm had revenue of $936.40 million for the quarter, compared to the consensus estimate of $907.95 million. During the same quarter in the prior year, the company posted $1.08 earnings per share. The firm’s revenue was up 24.5% on a year-over-year basis. On average, equities analysts expect that SiteOne Landscape Supply, Inc. will post 4.87 EPS for the current year.

A number of research firms recently commented on SITE. Truist Securities increased their target price on shares of SiteOne Landscape Supply from $190.00 to $275.00 and gave the company a “hold” rating in a research report on Thursday, November 4th. Zacks Investment Research cut shares of SiteOne Landscape Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 6th. Robert W. Baird raised their price objective on shares of SiteOne Landscape Supply from $205.00 to $265.00 and gave the company an “outperform” rating in a research note on Thursday, November 4th. Royal Bank of Canada raised their price objective on shares of SiteOne Landscape Supply from $165.00 to $197.00 and gave the company an “underperform” rating in a research note on Thursday, November 4th. They noted that the move was a valuation call. Finally, Truist raised their price objective on shares of SiteOne Landscape Supply from $190.00 to $275.00 and gave the company a “hold” rating in a research note on Thursday, November 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $225.00.

In related news, CEO Doug Black sold 17,267 shares of the firm’s stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $247.35, for a total value of $4,270,992.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John T. Guthrie sold 8,465 shares of SiteOne Landscape Supply stock in a transaction on Monday, November 8th. The shares were sold at an average price of $246.76, for a total value of $2,088,823.40. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply, Inc engages in the distribution of commercial and residential landscape supplies. Its products include outdoor lighting, nursery, landscape supplies, fertilizers, turf protection products, grass seed, turf care equipment, and golf course accessories for green industry professionals.

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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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