Cerity Partners LLC Has $2.93 Million Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Cerity Partners LLC boosted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 43.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,394 shares of the industrial products company’s stock after acquiring an additional 5,869 shares during the period. Cerity Partners LLC’s holdings in SiteOne Landscape Supply were worth $2,927,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Tidal Investments LLC bought a new stake in SiteOne Landscape Supply during the 1st quarter valued at approximately $216,000. Cetera Investment Advisers boosted its position in shares of SiteOne Landscape Supply by 143.8% in the first quarter. Cetera Investment Advisers now owns 12,281 shares of the industrial products company’s stock valued at $2,144,000 after acquiring an additional 7,244 shares during the period. Cetera Advisors LLC acquired a new stake in shares of SiteOne Landscape Supply in the first quarter worth $708,000. Park Avenue Securities LLC increased its position in SiteOne Landscape Supply by 8.5% during the second quarter. Park Avenue Securities LLC now owns 7,127 shares of the industrial products company’s stock worth $865,000 after acquiring an additional 561 shares during the period. Finally, OLD National Bancorp IN acquired a new position in SiteOne Landscape Supply during the 2nd quarter valued at $267,000.

Insider Activity

In related news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the sale, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. Robert W. Baird upped their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group assumed coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price objective on the stock. Finally, StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $147.80.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock opened at $153.25 on Friday. The firm has a market capitalization of $6.91 billion, a P/E ratio of 49.60 and a beta of 1.53. The stock has a fifty day moving average price of $146.38 and a two-hundred day moving average price of $140.37. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 EPS. As a group, analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current fiscal 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.