JPMorgan Chase & Co. Increases Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

JPMorgan Chase & Co. lifted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITEFree Report) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 528,873 shares of the industrial products company’s stock after purchasing an additional 29,025 shares during the quarter. JPMorgan Chase & Co.’s holdings in SiteOne Landscape Supply were worth $79,812,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. raised its position in SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Blue Trust Inc. raised its holdings in SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 187 shares in the last quarter. American National Bank & Trust acquired a new stake in SiteOne Landscape Supply in the third quarter valued at about $49,000. Wilmington Savings Fund Society FSB acquired a new stake in SiteOne Landscape Supply in the third quarter valued at about $71,000. Finally, Eagle Bay Advisors LLC boosted its holdings in SiteOne Landscape Supply by 126.9% in the 3rd quarter. Eagle Bay Advisors LLC now owns 497 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 278 shares in the last quarter.

Insider Buying and Selling

In related news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Read Our Latest Report on SITE

SiteOne Landscape Supply Stock Down 2.1 %

Shares of NYSE SITE opened at $129.04 on Friday. The firm’s 50-day moving average is $143.50 and its two-hundred day moving average is $139.54. The company has a market capitalization of $5.82 billion, a PE ratio of 41.76 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. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

SiteOne Landscape Supply (NYSE:SITEGet Free Report) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company posted $1.25 EPS. SiteOne Landscape Supply’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current fiscal year.

About SiteOne Landscape Supply

(Free Report)

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.

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

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