SG Americas Securities LLC Purchases Shares of 5,583 SiteOne Landscape Supply, Inc. $SITE

SG Americas Securities LLC acquired a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,583 shares of the industrial products company’s stock, valued at approximately $719,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SITE. Allworth Financial LP boosted its stake in SiteOne Landscape Supply by 61.2% in the 2nd quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 90 shares during the period. HM Payson & Co. raised its stake in shares of SiteOne Landscape Supply by 32.2% in the 3rd quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 97 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 107 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of SiteOne Landscape Supply by 145.2% during the second quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock worth $55,000 after buying an additional 270 shares during the period. Finally, Parallel Advisors LLC grew its holdings in shares of SiteOne Landscape Supply by 49.5% during the second quarter. Parallel Advisors LLC now owns 562 shares of the industrial products company’s stock worth $68,000 after buying an additional 186 shares in the last quarter.

SiteOne Landscape Supply Price Performance

NYSE:SITE opened at $147.63 on Thursday. The stock has a market capitalization of $6.58 billion, a PE ratio of 47.93, a P/E/G ratio of 1.51 and a beta of 1.58. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $154.00. The firm has a fifty day simple moving average of $132.24 and a 200 day simple moving average of $132.15. The company has a current ratio of 2.49, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29.

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

Analysts Set New Price Targets

Several research firms have commented on SITE. William Blair restated a “market perform” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 15th. Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Royal Bank Of Canada upgraded shares of SiteOne Landscape Supply from a “sector perform” rating to an “outperform” rating and set a $151.00 target price for the company in a report on Thursday, January 8th. The Goldman Sachs Group decreased their target price on shares of SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Finally, Stifel Nicolaus cut their price target on shares of SiteOne Landscape Supply from $140.00 to $134.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and a consensus price target of $150.10.

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.