SiteOne Landscape Supply, Inc. $SITE Stock Holdings Lifted by Voya Investment Management LLC

Voya Investment Management LLC increased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 30.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 187,874 shares of the industrial products company’s stock after buying an additional 43,495 shares during the period. Voya Investment Management LLC’s holdings in SiteOne Landscape Supply were worth $24,198,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Allworth Financial LP lifted its holdings in SiteOne Landscape Supply by 61.2% in the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 90 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of SiteOne Landscape Supply during the first quarter valued at approximately $32,000. NewEdge Advisors LLC raised its position in shares of SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 107 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of SiteOne Landscape Supply by 145.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 270 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of SiteOne Landscape Supply by 49.5% in the 2nd quarter. Parallel Advisors LLC now owns 562 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 186 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SITE. Stifel Nicolaus lowered their price objective on SiteOne Landscape Supply from $140.00 to $134.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. William Blair restated a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 15th. Loop Capital upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $160.00 in a research report on Friday, September 19th. Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 8th. Finally, Barclays set a $134.00 price target on SiteOne Landscape Supply and gave the company an “equal weight” rating in a report on Monday, December 8th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus target price of $150.10.

SiteOne Landscape Supply Price Performance

NYSE SITE opened at $128.54 on Monday. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $154.00. The firm has a market capitalization of $5.73 billion, a PE ratio of 41.73, a P/E/G ratio of 2.09 and a beta of 1.60. The company’s 50 day simple moving average is $127.25 and its 200 day simple moving average is $130.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.49 and a quick ratio of 1.14.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.09. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 earnings per share. As a group, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.