Avior Wealth Management LLC Reduces Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Avior Wealth Management LLC lowered its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 7.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,613 shares of the industrial products company’s stock after selling 429 shares during the period. Avior Wealth Management LLC’s holdings in SiteOne Landscape Supply were worth $740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in SiteOne Landscape Supply by 71.2% during the third quarter. Barclays PLC now owns 48,398 shares of the industrial products company’s stock worth $7,304,000 after buying an additional 20,134 shares in the last quarter. Holocene Advisors LP raised its holdings in shares of SiteOne Landscape Supply by 38.2% during the 3rd quarter. Holocene Advisors LP now owns 51,625 shares of the industrial products company’s stock worth $7,791,000 after acquiring an additional 14,269 shares during the period. Algert Global LLC boosted its position in shares of SiteOne Landscape Supply by 375.4% during the 3rd quarter. Algert Global LLC now owns 29,506 shares of the industrial products company’s stock valued at $4,453,000 after acquiring an additional 23,300 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of SiteOne Landscape Supply by 4.7% in the second quarter. The Manufacturers Life Insurance Company now owns 10,026 shares of the industrial products company’s stock valued at $1,217,000 after purchasing an additional 447 shares during the period. Finally, Janus Henderson Group PLC increased its position in SiteOne Landscape Supply by 36.5% during the third quarter. Janus Henderson Group PLC now owns 49,784 shares of the industrial products company’s stock worth $7,512,000 after purchasing an additional 13,314 shares during the last quarter.

Insider Activity at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 6,500 shares of the firm’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 sale, the executive vice president now owns 12,942 shares of the company’s stock, valued at $1,840,352.40. This trade 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 this hyperlink. 2.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SITE has been the topic of several recent analyst reports. Robert W. Baird boosted their target price 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. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price objective for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. 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 target for the company. Barclays increased their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. Finally, StockNews.com cut shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Monday, January 20th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $156.44.

SiteOne Landscape Supply Stock Up 0.5 %

Shares of SITE opened at $147.47 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 stock has a market capitalization of $6.65 billion, a PE ratio of 47.72 and a beta of 1.56. The company’s 50-day simple moving average is $140.71 and its 200-day simple moving average is $141.21. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last released 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 business 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%. SiteOne Landscape Supply’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. Analysts forecast 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.