SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp grew its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 40.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,984 shares of the industrial products company’s stock after buying an additional 6,853 shares during the quarter. Van ECK Associates Corp’s holdings in SiteOne Landscape Supply were worth $3,338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fort Pitt Capital Group LLC grew its holdings in SiteOne Landscape Supply by 49.5% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 7,781 shares of the industrial products company’s stock valued at $1,174,000 after buying an additional 2,576 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of SiteOne Landscape Supply by 2.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 36,504 shares of the industrial products company’s stock valued at $5,509,000 after purchasing an additional 878 shares in the last quarter. Pembroke Management LTD lifted its position in SiteOne Landscape Supply by 15.3% during the 3rd quarter. Pembroke Management LTD now owns 211,516 shares of the industrial products company’s stock worth $31,920,000 after acquiring an additional 28,117 shares in the last quarter. Stephens Inc. AR lifted its position in SiteOne Landscape Supply by 8.2% during the 3rd quarter. Stephens Inc. AR now owns 3,001 shares of the industrial products company’s stock worth $453,000 after acquiring an additional 228 shares in the last quarter. Finally, abrdn plc lifted its position in SiteOne Landscape Supply by 0.4% during the 3rd quarter. abrdn plc now owns 101,465 shares of the industrial products company’s stock worth $15,312,000 after acquiring an additional 403 shares in the last quarter.

SiteOne Landscape Supply Trading Down 0.4 %

Shares of NYSE SITE opened at $151.93 on Friday. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 49.17 and a beta of 1.53. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $144.23 and a 200-day simple moving average of $141.42.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.21). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.25 earnings per share. Sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current year.

Analysts Set New Price Targets

SITE has been the topic of several recent research reports. Royal Bank of Canada reduced their price target on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Robert W. Baird boosted their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group assumed 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. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Truist Financial upped their price objective on SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, SiteOne Landscape Supply currently has an average rating of “Hold” and a consensus price target of $147.80.

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.