Swiss National Bank Lowers Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Swiss National Bank cut its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 88,300 shares of the industrial products company’s stock after selling 500 shares during the period. Swiss National Bank’s holdings in SiteOne Landscape Supply were worth $13,325,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. MJP Associates Inc. ADV boosted its position in SiteOne Landscape Supply by 5.7% in the 2nd quarter. MJP Associates Inc. ADV now owns 1,707 shares of the industrial products company’s stock valued at $207,000 after buying an additional 92 shares during the period. Wealth Enhancement Advisory Services LLC grew 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 worth $245,000 after purchasing an additional 98 shares in the last quarter. Equitable Trust Co. grew its stake in SiteOne Landscape Supply by 3.0% during the 2nd quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company’s stock worth $432,000 after purchasing an additional 103 shares in the last quarter. Arkadios Wealth Advisors increased its holdings 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 purchasing an additional 106 shares during the period. Finally, iA Global Asset Management Inc. raised its position in SiteOne Landscape Supply by 7.9% in the 1st quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 127 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on SITE. Royal Bank of Canada cut their target price on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. The Goldman Sachs Group initiated coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price objective on the stock. Barclays lifted their price objective 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. Robert W. Baird increased their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $147.80.

SiteOne Landscape Supply Stock Up 3.9 %

SITE opened at $148.77 on Friday. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The stock has a market capitalization of $6.71 billion, a P/E ratio of 48.15 and a beta of 1.53. The business’s 50-day simple moving average is $145.80 and its 200-day simple moving average is $140.61.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.21). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $1.25 EPS. Analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current year.

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was 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 directly owns 12,942 shares of the company’s stock, valued at $1,840,352.40. This represents a 33.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by insiders.

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.