Oppenheimer Asset Management Inc. Increases Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Oppenheimer Asset Management Inc. grew its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 17.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,411 shares of the industrial products company's stock after buying an additional 6,250 shares during the period. Oppenheimer Asset Management Inc. owned 0.09% of SiteOne Landscape Supply worth $5,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Tortoise Investment Management LLC lifted its holdings in SiteOne Landscape Supply by 78.9% during the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock worth $39,000 after buying an additional 131 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at about $40,000. Brown Brothers Harriman & Co. lifted its holdings in shares of SiteOne Landscape Supply by 395.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 273 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of SiteOne Landscape Supply by 24.3% in the 1st quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 95 shares during the last quarter. Finally, State of Wyoming lifted its holdings in shares of SiteOne Landscape Supply by 6.2% in the 4th quarter. State of Wyoming now owns 1,389 shares of the industrial products company's stock valued at $183,000 after purchasing an additional 81 shares during the last quarter.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $121.67 on Wednesday. The business's 50 day simple moving average is $118.75 and its 200-day simple moving average is $126.88. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 48.47, a price-to-earnings-growth ratio of 1.98 and a beta of 1.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.36 and a quick ratio of 0.97. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $160.75.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.11). The firm had revenue of $939.40 million for the quarter, compared to analysts' expectations of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.31% and a net margin of 2.53%. SiteOne Landscape Supply's revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.43) EPS. As a group, equities analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SITE shares. Barclays reduced their target price on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Wall Street Zen raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, May 1st. Truist Financial reduced their target price on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Stifel Nicolaus dropped their price target on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Finally, Loop Capital dropped their price target on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $145.70.

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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