Wealth Enhancement Advisory Services LLC Buys 113 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Wealth Enhancement Advisory Services LLC grew its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,131 shares of the industrial products company’s stock after acquiring an additional 113 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in SiteOne Landscape Supply were worth $322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MJP Associates Inc. ADV lifted its holdings in shares of SiteOne Landscape Supply by 5.7% during the second quarter. MJP Associates Inc. ADV now owns 1,707 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 92 shares in the last quarter. Equitable Trust Co. lifted its holdings in shares of SiteOne Landscape Supply by 3.0% during the second quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company’s stock valued at $432,000 after purchasing an additional 103 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of SiteOne Landscape Supply by 6.1% during the third quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 106 shares in the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of SiteOne Landscape Supply by 7.9% during the first quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 127 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of SiteOne Landscape Supply by 35.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 521 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 135 shares in the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $151.93 on Monday. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The business has a 50-day simple moving average of $144.23 and a two-hundred day simple moving average of $141.26. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 49.17 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a 52 week low of $114.60 and a 52 week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 EPS. On average, analysts expect that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SITE shares. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday. Truist Financial upped 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. Stifel Nicolaus cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research report on Thursday, August 1st. Barclays upped their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $147.80.

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.