Raymond James Trust N.A. Has $500,000 Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Raymond James Trust N.A. increased its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 16.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,312 shares of the industrial products company’s stock after buying an additional 479 shares during the period. Raymond James Trust N.A.’s holdings in SiteOne Landscape Supply were worth $500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SITE. Charles Schwab Investment Management Inc. increased its position in SiteOne Landscape Supply by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 537,998 shares of the industrial products company’s stock worth $81,189,000 after buying an additional 20,357 shares during the last quarter. King Luther Capital Management Corp boosted its stake in shares of SiteOne Landscape Supply by 15.3% during the 3rd quarter. King Luther Capital Management Corp now owns 29,087 shares of the industrial products company’s stock worth $4,390,000 after acquiring an additional 3,859 shares in the last quarter. Premier Fund Managers Ltd increased its holdings in shares of SiteOne Landscape Supply by 14.1% during the 3rd quarter. Premier Fund Managers Ltd now owns 405,738 shares of the industrial products company’s stock valued at $61,415,000 after acquiring an additional 50,000 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $1,906,000. Finally, Pathstone Holdings LLC lifted its holdings in SiteOne Landscape Supply by 12.9% in the 3rd quarter. Pathstone Holdings LLC now owns 16,761 shares of the industrial products company’s stock worth $2,529,000 after purchasing an additional 1,914 shares during the last quarter.

Insider Activity at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the sale, the executive vice president now owns 12,942 shares in the company, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on SITE. Stifel Nicolaus downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a report on Thursday, August 1st. Robert W. Baird raised their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. 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 for the company in a research report on Thursday, August 1st. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group started coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $147.80.

SiteOne Landscape Supply Stock Down 3.0 %

Shares of SITE stock opened at $151.55 on Wednesday. The stock has a market cap of $6.84 billion, a P/E ratio of 49.05 and a beta of 1.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The stock has a fifty day moving average price of $146.19 and a 200 day moving average price of $140.36. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last posted its 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 during 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 business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 EPS. Analysts predict that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current year.

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.