Blair William & Co. IL Increases Stake in SiteOne Landscape Supply, Inc. $SITE

Blair William & Co. IL lifted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 44.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,683 shares of the industrial products company's stock after purchasing an additional 18,814 shares during the quarter. Blair William & Co. IL owned about 0.14% of SiteOne Landscape Supply worth $7,339,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HM Payson & Co. purchased a new position in shares of SiteOne Landscape Supply in the 1st quarter valued at approximately $25,000. Brooklyn Investment Group purchased a new position in SiteOne Landscape Supply during the 1st quarter worth approximately $32,000. Golden State Wealth Management LLC raised its position in SiteOne Landscape Supply by 106.1% during the 1st quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company's stock worth $33,000 after buying an additional 139 shares during the last quarter. Eastern Bank purchased a new position in SiteOne Landscape Supply during the 1st quarter worth approximately $38,000. Finally, NewEdge Advisors LLC raised its position in SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company's stock worth $48,000 after buying an additional 107 shares during the last quarter.

Wall Street Analysts Forecast Growth

SITE has been the subject of a number of recent research reports. Zacks Research lowered shares of SiteOne Landscape Supply from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Royal Bank Of Canada raised their price objective on shares of SiteOne Landscape Supply from $130.00 to $143.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of SiteOne Landscape Supply in a research note on Wednesday. Loop Capital raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and raised their price objective for the stock from $150.00 to $160.00 in a research note on Friday, September 19th. Finally, Wall Street Zen raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $149.67.

Insider Activity at SiteOne Landscape Supply

In other news, CEO Doug Black sold 7,384 shares of SiteOne Landscape Supply stock in a transaction on Friday, July 25th. The stock was sold at an average price of $132.09, for a total transaction of $975,352.56. Following the transaction, the chief executive officer owned 600,446 shares in the company, valued at $79,312,912.14. The trade was a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

SiteOne Landscape Supply Trading Down 1.4%

Shares of SITE stock opened at $117.12 on Friday. The stock's fifty day moving average is $136.78 and its two-hundred day moving average is $126.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.06 and a current ratio of 2.41. The firm has a market capitalization of $5.22 billion, a P/E ratio of 42.74, a PEG ratio of 1.95 and a beta of 1.59. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $160.74.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.89 by ($0.03). SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. The firm had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter in the previous year, the business posted $2.63 EPS. The company's revenue for the quarter was up 3.4% on a year-over-year basis. Research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share 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.

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