Hilltop National Bank Purchases New Shares in SiteOne Landscape Supply, Inc. $SITE

Hilltop National Bank acquired a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE) during the second quarter, HoldingsChannel reports. The fund acquired 925 shares of the industrial products company’s stock, valued at approximately $112,000.

Several other large investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of SiteOne Landscape Supply by 24.3% in the first quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company’s stock valued at $59,000 after buying an additional 95 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 107 shares during the last quarter. Deutsche Bank AG lifted its position in shares of SiteOne Landscape Supply by 3.9% during the first quarter. Deutsche Bank AG now owns 3,228 shares of the industrial products company’s stock worth $392,000 after purchasing an additional 121 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of SiteOne Landscape Supply by 106.1% during the first quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 139 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in SiteOne Landscape Supply by 1.4% during the 1st quarter. DAVENPORT & Co LLC now owns 11,121 shares of the industrial products company’s stock worth $1,351,000 after buying an additional 153 shares in the last quarter.

SiteOne Landscape Supply Trading Down 0.9%

NYSE SITE opened at $127.45 on Friday. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $160.74. The company has a current ratio of 2.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $138.21 and a 200-day moving average of $126.57. The company has a market cap of $5.69 billion, a PE ratio of 46.51, a PEG ratio of 2.13 and a beta of 1.59.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SITE shares. Loop Capital raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price target for the company from $150.00 to $160.00 in a research note on Friday, September 19th. Royal Bank Of Canada upped their price target on SiteOne Landscape Supply from $130.00 to $143.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Saturday, September 27th. Zacks Research lowered shares of SiteOne Landscape Supply from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Wall Street Zen upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Five 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $150.50.

Insider Buying and Selling

In other SiteOne Landscape Supply news, CEO Doug Black sold 29,760 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $129.28, for a total transaction of $3,847,372.80. Following the transaction, the chief executive officer owned 596,684 shares of the company’s stock, valued at $77,139,307.52. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.60% of the company’s stock.

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.