Charles Schwab Investment Management Inc. Has $81.19 Million Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Charles Schwab Investment Management Inc. increased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 537,998 shares of the industrial products company’s stock after acquiring an additional 20,357 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in SiteOne Landscape Supply were worth $81,189,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. King Luther Capital Management Corp increased its holdings in shares of SiteOne Landscape Supply by 15.3% during the third quarter. King Luther Capital Management Corp now owns 29,087 shares of the industrial products company’s stock worth $4,390,000 after purchasing an additional 3,859 shares during the period. Premier Fund Managers Ltd grew its position in SiteOne Landscape Supply by 14.1% during the third quarter. Premier Fund Managers Ltd now owns 405,738 shares of the industrial products company’s stock worth $61,415,000 after buying an additional 50,000 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in SiteOne Landscape Supply during the 3rd quarter worth $1,906,000. Pathstone Holdings LLC raised 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 valued at $2,529,000 after acquiring an additional 1,914 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of SiteOne Landscape Supply by 5.3% during the 3rd quarter. Natixis Advisors LLC now owns 177,718 shares of the industrial products company’s stock valued at $26,820,000 after acquiring an additional 8,886 shares during the period.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $152.92 on Thursday. The firm’s fifty day moving average price is $146.31 and its two-hundred day moving average price is $140.44. The stock has a market cap of $6.90 billion, a PE ratio of 49.49 and a beta of 1.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data 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). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the business earned $1.25 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. On average, equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 6,500 shares of the firm’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 value of $924,300.00. Following the completion of the transaction, the executive vice president now owns 12,942 shares in the company, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. The Goldman Sachs Group started coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price target on the stock. Stifel Nicolaus downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a research note on Thursday, August 1st. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Robert W. Baird lifted their price objective 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. Finally, Barclays upped their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $147.80.

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.