Capital Asset Advisory Services LLC Purchases 177 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Capital Asset Advisory Services LLC boosted its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITEGet Rating) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,547 shares of the industrial products company’s stock after buying an additional 177 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in SiteOne Landscape Supply were worth $1,344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SITE. National Bank of Canada FI bought a new stake in SiteOne Landscape Supply in the 4th quarter worth approximately $34,000. Liberty Wealth Management LLC grew its position in SiteOne Landscape Supply by 1,053.8% in the 3rd quarter. Liberty Wealth Management LLC now owns 150 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 137 shares during the period. Wolff Wiese Magana LLC grew its position in SiteOne Landscape Supply by 406.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 152 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 122 shares during the period. Concord Wealth Partners bought a new stake in SiteOne Landscape Supply in the 4th quarter worth approximately $57,000. Finally, JFS Wealth Advisors LLC bought a new stake in SiteOne Landscape Supply in the 4th quarter worth approximately $72,000.

SITE has been the subject of a number of research analyst reports. Loop Capital cut their target price on shares of SiteOne Landscape Supply from $190.00 to $170.00 and set a “hold” rating for the company in a research report on Thursday, April 7th. Truist Financial cut their price objective on shares of SiteOne Landscape Supply from $275.00 to $200.00 and set a “hold” rating for the company in a research report on Thursday, February 17th. Barclays cut their price objective on shares of SiteOne Landscape Supply from $200.00 to $191.00 in a research report on Thursday, March 31st. William Blair reissued an “outperform” rating on shares of SiteOne Landscape Supply in a research report on Friday, March 11th. Finally, UBS Group raised shares of SiteOne Landscape Supply from a “sell” rating to a “neutral” rating and cut their price objective for the company from $170.00 to $165.00 in a research report on Monday, March 28th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $197.75.

In other SiteOne Landscape Supply news, CEO Doug Black sold 17,431 shares of the business’s stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $149.12, for a total value of $2,599,310.72. Following the sale, the chief executive officer now owns 468,918 shares in the company, valued at approximately $69,925,052.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 69,522 shares of company stock valued at $11,806,921 in the last ninety days. 2.70% of the stock is currently owned by insiders.

SiteOne Landscape Supply stock traded down $2.42 during mid-day trading on Monday, hitting $144.58. The stock had a trading volume of 5,707 shares, compared to its average volume of 354,504. The firm has a market capitalization of $6.49 billion, a P/E ratio of 28.27 and a beta of 1.30. The company has a current ratio of 2.20, a quick ratio of 0.96 and a debt-to-equity ratio of 0.27. The firm’s 50 day moving average is $168.05 and its 200 day moving average is $202.72. SiteOne Landscape Supply, Inc. has a one year low of $146.15 and a one year high of $260.00.

SiteOne Landscape Supply (NYSE:SITEGet Rating) last issued its earnings results on Wednesday, February 16th. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.33. The company had revenue of $805.20 million during the quarter, compared to the consensus estimate of $744.09 million. SiteOne Landscape Supply had a net margin of 6.86% and a return on equity of 24.95%. SiteOne Landscape Supply’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. As a group, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 5.41 earnings per share for the current year.

About SiteOne Landscape Supply (Get Rating)

SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 135,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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.

Featured Articles

Want to see what other hedge funds are holding SITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiteOne Landscape Supply, Inc. (NYSE:SITEGet Rating).

Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

Receive News & Ratings for SiteOne Landscape Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply and related companies with MarketBeat.com's FREE daily email newsletter.