SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Bought by Tidal Investments LLC

Tidal Investments LLC raised its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,166 shares of the industrial products company’s stock after acquiring an additional 77 shares during the period. Tidal Investments LLC’s holdings in SiteOne Landscape Supply were worth $780,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wasatch Advisors LP raised its holdings in shares of SiteOne Landscape Supply by 11.4% during the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock worth $238,083,000 after purchasing an additional 161,846 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of SiteOne Landscape Supply by 49.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company’s stock valued at $58,226,000 after buying an additional 158,350 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of SiteOne Landscape Supply by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock valued at $238,489,000 after buying an additional 129,252 shares during the period. American Century Companies Inc. boosted its stake in shares of SiteOne Landscape Supply by 44.3% in the second quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company’s stock worth $43,717,000 after buying an additional 110,589 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of SiteOne Landscape Supply in the second quarter worth about $7,540,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. The Goldman Sachs Group started coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They issued a “neutral” rating and a $158.00 target price for the company. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price target for the stock from $145.00 to $175.00 in a report on Friday, December 6th. Robert W. Baird lifted their price objective on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Barclays increased 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $156.44.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the transaction, the executive vice president now owns 12,942 shares of the company’s stock, valued at $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Trading Up 2.0 %

Shares of SITE stock opened at $135.63 on Friday. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week 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 stock’s fifty day moving average is $145.46 and its two-hundred day moving average is $139.50. The firm has a market capitalization of $6.12 billion, a P/E ratio of 43.89 and a beta of 1.54.

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 the consensus estimate of $1.18 by ($0.21). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company earned $1.25 EPS. Research analysts expect that SiteOne Landscape Supply, Inc. will post 2.94 earnings per share 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.