Atria Wealth Solutions Inc. Grows Stock Holdings in SiteOne Landscape Supply, Inc. $SITE

Atria Wealth Solutions Inc. increased its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 10.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,367 shares of the industrial products company’s stock after buying an additional 220 shares during the period. Atria Wealth Solutions Inc.’s holdings in SiteOne Landscape Supply were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in SiteOne Landscape Supply by 24.3% during the first quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company’s stock worth $59,000 after buying an additional 95 shares in the last quarter. NewEdge Advisors LLC raised its position in SiteOne Landscape Supply by 36.6% during the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 107 shares during the last quarter. Deutsche Bank AG raised its position in SiteOne Landscape Supply by 3.9% during the first quarter. Deutsche Bank AG now owns 3,228 shares of the industrial products company’s stock worth $392,000 after acquiring an additional 121 shares during the last quarter. Golden State Wealth Management LLC raised its position in SiteOne Landscape Supply by 106.1% during the first quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 139 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its position in SiteOne Landscape Supply by 1.4% during the first quarter. DAVENPORT & Co LLC now owns 11,121 shares of the industrial products company’s stock worth $1,351,000 after acquiring an additional 153 shares during the last quarter.

Insider Buying and Selling

In related news, CEO Doug Black sold 7,384 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $132.09, for a total transaction of $975,352.56. Following the completion of the transaction, the chief executive officer owned 600,446 shares of the company’s stock, valued at approximately $79,312,912.14. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $122.76 on Wednesday. The firm has a 50 day simple moving average of $134.85 and a 200-day simple moving average of $126.51. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.06. The firm has a market cap of $5.48 billion, a PE ratio of 44.80, a P/E/G ratio of 2.24 and a beta of 1.59. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $160.74.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.03). The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.63 EPS. On average, equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

SITE has been the subject of a number of research reports. Zacks Research cut shares of SiteOne Landscape Supply from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. The Goldman Sachs Group cut 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, Loop Capital upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their target price for the stock from $150.00 to $160.00 in a research report on Friday, September 19th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $148.50.

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.