National Bank of Canada FI Has $63,000 Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

National Bank of Canada FI increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 67.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 536 shares of the industrial products company’s stock after purchasing an additional 216 shares during the period. National Bank of Canada FI’s holdings in SiteOne Landscape Supply were worth $63,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. bought a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth approximately $27,000. Toronto Dominion Bank bought a new stake in SiteOne Landscape Supply in the 1st quarter valued at $29,000. Principal Securities Inc. acquired a new stake in SiteOne Landscape Supply during the 4th quarter valued at $31,000. Benjamin F. Edwards & Company Inc. boosted its position in SiteOne Landscape Supply by 588.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 247 shares during the period. Finally, YHB Investment Advisors Inc. acquired a new position in shares of SiteOne Landscape Supply in the first quarter valued at $58,000.

Insider Buying and Selling

In other news, Director Fred M. Diaz sold 878 shares of SiteOne Landscape Supply stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.04, for a total value of $113,297.12. Following the transaction, the director now owns 11,267 shares in the company, valued at approximately $1,453,893.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Trading Up 3.8 %

Shares of NYSE:SITE opened at $141.04 on Friday. The business’s 50 day simple moving average is $136.19 and its 200 day simple moving average is $148.63. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10. The company has a market capitalization of $6.36 billion, a P/E ratio of 40.88 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.13. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. SiteOne Landscape Supply’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.71 earnings per share. On average, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SITE. Truist Financial raised their target price on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada reduced their price objective on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. Barclays lowered their target price on SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating on the stock in a research note on Friday, July 12th. StockNews.com cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Finally, Jefferies Financial Group decreased their price objective on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $144.33.

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.