SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lifted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 20.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,767 shares of the industrial products company’s stock after acquiring an additional 1,799 shares during the period. Orion Portfolio Solutions LLC’s holdings in SiteOne Landscape Supply were worth $1,625,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in SiteOne Landscape Supply by 5.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 98 shares during the period. Equitable Trust Co. raised its holdings in shares of SiteOne Landscape Supply by 3.0% during the second quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company’s stock valued at $432,000 after buying an additional 103 shares during the last quarter. Arkadios Wealth Advisors boosted its position in SiteOne Landscape Supply by 6.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock worth $278,000 after acquiring an additional 106 shares during the period. Glenmede Trust Co. NA grew its stake in shares of SiteOne Landscape Supply by 2.3% in the third quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company’s stock worth $797,000 after purchasing an additional 119 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of SiteOne Landscape Supply by 35.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 521 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 135 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SITE shares. The Goldman Sachs Group started coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 target price for the company. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price objective for the company from $145.00 to $175.00 in a report on Friday, December 6th. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Barclays increased their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird boosted their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $156.44.

SiteOne Landscape Supply Trading Down 2.6 %

NYSE SITE opened at $141.27 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. The firm’s fifty day simple moving average is $146.26 and its 200-day simple moving average is $140.12. The company has a market capitalization of $6.37 billion, a PE ratio of 45.72 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 EPS. As a group, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 2.94 earnings per share for the current fiscal year.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the transaction, the executive vice president now owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Company 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.