SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 13.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,760 shares of the industrial products company’s stock after buying an additional 209 shares during the period. Venturi Wealth Management LLC’s holdings in SiteOne Landscape Supply were worth $232,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SITE. Nomura Asset Management Co. Ltd. raised its position in shares of SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after buying an additional 100 shares during the period. Blue Trust Inc. raised its position in shares of SiteOne Landscape Supply by 287.7% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after buying an additional 187 shares during the period. Trust Co. of Vermont raised its position in SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 250 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in SiteOne Landscape Supply in the third quarter valued at about $71,000. Finally, CIBC Asset Management Inc purchased a new position in SiteOne Landscape Supply in the third quarter valued at about $200,000.

Analyst Upgrades and Downgrades

SITE has been the topic of several research reports. Royal Bank of Canada raised their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. UBS Group cut their price objective on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Barclays raised their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. StockNews.com lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Finally, Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price objective for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SiteOne Landscape Supply presently has an average rating of “Hold” and an average target price of $154.56.

SiteOne Landscape Supply Trading Down 4.4 %

SITE opened at $134.72 on Friday. The stock has a market capitalization of $6.08 billion, a PE ratio of 50.08 and a beta of 1.57. The firm’s fifty day moving average price is $137.65 and its 200 day moving average price is $141.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. As a group, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

About SiteOne Landscape Supply

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.