Pathstone Holdings LLC Has $2.53 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Pathstone Holdings LLC raised its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 12.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,761 shares of the industrial products company’s stock after acquiring an additional 1,914 shares during the quarter. Pathstone Holdings LLC’s holdings in SiteOne Landscape Supply were worth $2,529,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC raised its holdings in shares of SiteOne Landscape Supply by 5.3% in the 3rd quarter. Natixis Advisors LLC now owns 177,718 shares of the industrial products company’s stock valued at $26,820,000 after purchasing an additional 8,886 shares during the period. CIBC Asset Management Inc acquired a new position in SiteOne Landscape Supply during the third quarter worth approximately $200,000. OneDigital Investment Advisors LLC bought a new stake in SiteOne Landscape Supply in the third quarter valued at approximately $278,000. KBC Group NV lifted its position in shares of SiteOne Landscape Supply by 19.7% in the third quarter. KBC Group NV now owns 1,361 shares of the industrial products company’s stock valued at $205,000 after buying an additional 224 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of SiteOne Landscape Supply by 16.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 35,269 shares of the industrial products company’s stock worth $5,322,000 after acquiring an additional 4,970 shares during the period.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the sale, the executive vice president now directly owns 12,942 shares in the company, valued at $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.60% of the stock is owned by company insiders.

SiteOne Landscape Supply Stock Up 5.1 %

Shares of SITE opened at $156.31 on Tuesday. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The firm’s 50 day moving average is $145.80 and its 200-day moving average is $140.40. The stock has a market capitalization of $7.05 billion, a PE ratio of 51.67 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. SiteOne Landscape Supply’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $1.25 EPS. Equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SITE. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. The Goldman Sachs Group initiated coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They set a “neutral” rating and a $158.00 target price for the company. Robert W. Baird lifted their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Truist Financial increased their price target on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, 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 report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply has a consensus 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.