SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 90.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 210 shares of the industrial products company’s stock after acquiring an additional 100 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in SiteOne Landscape Supply were worth $32,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SITE. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of SiteOne Landscape Supply in the 2nd quarter worth approximately $27,000. Blue Trust Inc. increased its holdings in shares of SiteOne Landscape Supply by 287.7% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after buying an additional 187 shares in the last quarter. American National Bank & Trust acquired a new stake in shares of SiteOne Landscape Supply during the 3rd quarter valued at $49,000. Quarry LP bought a new stake in shares of SiteOne Landscape Supply during the 2nd quarter worth $61,000. Finally, National Bank of Canada FI grew its holdings in shares of SiteOne Landscape Supply by 67.5% in the 2nd quarter. National Bank of Canada FI now owns 536 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 216 shares during the last quarter.

SiteOne Landscape Supply Stock Down 2.6 %

SiteOne Landscape Supply stock opened at $141.29 on Monday. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01. 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 firm has a market cap of $6.38 billion, a PE ratio of 45.72 and a beta of 1.54. The firm’s 50 day moving average price is $146.21 and its two-hundred day moving average price is $139.94.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company posted $1.25 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. On average, research analysts predict that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value 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. The trade was a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on SITE. Barclays upped their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. Robert W. Baird upped their price objective on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. The Goldman Sachs Group began coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price target on the stock. Finally, Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price objective for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, SiteOne Landscape Supply currently has an average rating of “Hold” and a consensus target price of $156.44.

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.