Rockefeller Capital Management L.P. Buys New Shares in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Rockefeller Capital Management L.P. bought a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 31,613 shares of the industrial products company’s stock, valued at approximately $4,771,000. Rockefeller Capital Management L.P. owned 0.07% of SiteOne Landscape Supply as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SITE. Tidal Investments LLC acquired a new position in SiteOne Landscape Supply during the first quarter valued at approximately $216,000. Cetera Investment Advisers lifted its position in SiteOne Landscape Supply by 143.8% during the first quarter. Cetera Investment Advisers now owns 12,281 shares of the industrial products company’s stock valued at $2,144,000 after buying an additional 7,244 shares in the last quarter. Cetera Advisors LLC acquired a new position in SiteOne Landscape Supply during the first quarter valued at approximately $708,000. Park Avenue Securities LLC lifted its position in SiteOne Landscape Supply by 8.5% during the second quarter. Park Avenue Securities LLC now owns 7,127 shares of the industrial products company’s stock valued at $865,000 after buying an additional 561 shares in the last quarter. Finally, OLD National Bancorp IN acquired a new position in SiteOne Landscape Supply during the second quarter valued at approximately $267,000.

SiteOne Landscape Supply Stock Down 1.7 %

Shares of NYSE:SITE opened at $148.53 on Thursday. 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 fifty day simple moving average of $146.46 and a 200 day simple moving average of $140.27. The firm has a market cap of $6.70 billion, a PE ratio of 48.07 and a beta of 1.54. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) 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 the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. On average, equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the business’s 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. The trade was a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a “neutral” rating and a $158.00 target price on the stock. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Barclays boosted their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, SiteOne Landscape Supply has a consensus rating of “Hold” and a consensus target price of $147.80.

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.