SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Acquired by Arkadios Wealth Advisors

Arkadios Wealth Advisors lifted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 6.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,842 shares of the industrial products company’s stock after purchasing an additional 106 shares during the quarter. Arkadios Wealth Advisors’ holdings in SiteOne Landscape Supply were worth $278,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Toronto Dominion Bank acquired a new stake in shares of SiteOne Landscape Supply during the first quarter worth $29,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of SiteOne Landscape Supply during the second quarter worth $27,000. Blue Trust Inc. boosted its holdings in shares of SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 187 shares during the last quarter. American National Bank & Trust acquired a new position in SiteOne Landscape Supply in the third quarter valued at $49,000. Finally, Eagle Bay Advisors LLC boosted its holdings in SiteOne Landscape Supply by 126.9% in the third quarter. Eagle Bay Advisors LLC now owns 497 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 278 shares during the last quarter.

SiteOne Landscape Supply Stock Down 5.7 %

Shares of NYSE SITE opened at $139.74 on Friday. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 40.50 and a beta of 1.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 2.47. The stock’s 50-day simple moving average is $143.39 and its 200-day simple moving average is $142.08.

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). SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SITE. UBS Group reduced their target price on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. StockNews.com cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Royal Bank of Canada reduced their target price on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Robert W. Baird lifted their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, 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 target price on the stock. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply presently has a consensus rating of “Hold” and a consensus price target of $147.80.

Insider Transactions at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 878 shares of SiteOne Landscape Supply stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $129.04, for a total transaction of $113,297.12. Following the sale, the director now directly owns 11,267 shares of the company’s stock, valued at approximately $1,453,893.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply 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.