SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 98.4% in the 3rd quarter, Holdings Channel reports. The firm owned 1,646 shares of the industrial products company’s stock after selling 102,860 shares during the period. Thrivent Financial for Lutherans’ holdings in SiteOne Landscape Supply were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

In other news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total value 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

SITE has been the subject of several recent analyst reports. Barclays raised their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price objective on the stock. Robert W. Baird increased their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price target for the company from $145.00 to $175.00 in a research note on Friday. Finally, StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $152.80.

SiteOne Landscape Supply Stock Up 4.3 %

SITE opened at $151.05 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 48.88 and a beta of 1.54. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The business’s fifty day moving average is $146.34 and its two-hundred day moving average is $140.29.

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

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.