Venturi Wealth Management LLC Purchases 151 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Venturi Wealth Management LLC boosted its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 10.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,551 shares of the industrial products company’s stock after purchasing an additional 151 shares during the period. Venturi Wealth Management LLC’s holdings in SiteOne Landscape Supply were worth $234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of SiteOne Landscape Supply by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 4,158,085 shares of the industrial products company’s stock worth $725,794,000 after purchasing an additional 23,362 shares during the period. Conestoga Capital Advisors LLC boosted its stake in SiteOne Landscape Supply by 2.5% in the second quarter. Conestoga Capital Advisors LLC now owns 1,141,624 shares of the industrial products company’s stock valued at $138,605,000 after acquiring an additional 28,265 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of SiteOne Landscape Supply by 10.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 568,349 shares of the industrial products company’s stock valued at $69,007,000 after acquiring an additional 53,131 shares during the period. Bank of New York Mellon Corp increased its stake in shares of SiteOne Landscape Supply by 49.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company’s stock worth $58,226,000 after purchasing an additional 158,350 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in SiteOne Landscape Supply by 44.3% in the second quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company’s stock valued at $43,717,000 after purchasing an additional 110,589 shares during the last quarter.

Analyst Upgrades and Downgrades

SITE has been the subject of a number of recent research reports. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group started 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 for the company. Barclays boosted their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada cut their price objective on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and an average target price of $147.80.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $144.05 on Thursday. The company’s 50 day simple moving average is $144.70 and its two-hundred day simple moving average is $141.08. 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, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01. The stock has a market capitalization of $6.50 billion, a PE ratio of 46.62 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data 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). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business posted $1.25 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts predict that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current fiscal year.

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.