Blue Trust Inc. Has $38,000 Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Blue Trust Inc. raised its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 287.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 252 shares of the industrial products company’s stock after buying an additional 187 shares during the quarter. Blue Trust Inc.’s holdings in SiteOne Landscape Supply were worth $38,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SITE. Norden Group LLC bought a new position in shares of SiteOne Landscape Supply during the 1st quarter worth approximately $283,000. Principal Financial Group Inc. lifted its position in shares of SiteOne Landscape Supply by 16.8% during the 1st quarter. Principal Financial Group Inc. now owns 3,972 shares of the industrial products company’s stock worth $693,000 after buying an additional 571 shares during the period. Van ECK Associates Corp lifted its position in shares of SiteOne Landscape Supply by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 15,089 shares of the industrial products company’s stock worth $2,634,000 after buying an additional 4,036 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of SiteOne Landscape Supply by 3.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 35,785 shares of the industrial products company’s stock worth $6,246,000 after buying an additional 1,084 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in shares of SiteOne Landscape Supply during the 1st quarter worth approximately $133,000.

Analyst Upgrades and Downgrades

SITE has been the subject of several research analyst reports. Truist Financial lifted their price objective on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group initiated coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price objective for the company. Robert W. Baird lifted their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Royal Bank of Canada lowered their target price on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Finally, Jefferies Financial Group lowered their target price on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $147.80.

Insider Activity

In other news, Director Fred M. Diaz sold 878 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $129.04, for a total value of $113,297.12. Following the sale, the director now directly owns 11,267 shares in the company, valued at $1,453,893.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Stock Performance

SITE stock opened at $141.96 on Friday. The business’s 50-day moving average price is $143.39 and its two-hundred day moving average price is $141.89. The company has a current ratio of 2.47, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market cap of $6.41 billion, a PE ratio of 45.94 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results 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). The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.38% and a net margin of 3.16%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 earnings per share. As a group, research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.21 earnings per share for the current year.

About SiteOne Landscape Supply

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.