Bamco Inc. NY Boosts Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Bamco Inc. NY boosted its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 8.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,580,342 shares of the industrial products company's stock after purchasing an additional 129,252 shares during the quarter. SiteOne Landscape Supply makes up 0.6% of Bamco Inc. NY's portfolio, making the stock its 28th biggest holding. Bamco Inc. NY owned approximately 3.50% of SiteOne Landscape Supply worth $238,489,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. MJP Associates Inc. ADV increased its position in shares of SiteOne Landscape Supply by 5.7% in the second quarter. MJP Associates Inc. ADV now owns 1,707 shares of the industrial products company's stock worth $207,000 after acquiring an additional 92 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in SiteOne Landscape Supply by 5.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company's stock valued at $245,000 after buying an additional 98 shares during the last quarter. Equitable Trust Co. lifted its position in shares of SiteOne Landscape Supply by 3.0% in the 2nd quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company's stock worth $432,000 after buying an additional 103 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of SiteOne Landscape Supply by 6.1% during the third quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company's stock valued at $278,000 after purchasing an additional 106 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in shares of SiteOne Landscape Supply by 2.3% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company's stock worth $797,000 after acquiring an additional 119 shares during the period.

SiteOne Landscape Supply Trading Down 0.8 %

NYSE:SITE traded down $1.23 on Monday, reaching $152.02. The company's stock had a trading volume of 226,040 shares, compared to its average volume of 361,924. The firm has a market cap of $6.86 billion, a PE ratio of 49.60 and a beta of 1.53. 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 business's 50-day moving average price is $146.38 and its two-hundred day moving average price is $140.23. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.21). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The firm'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 EPS. Equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the transaction, the executive vice president now owns 12,942 shares in the company, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SITE has been the subject of a number of research reports. The Goldman Sachs Group started coverage on SiteOne Landscape Supply in a research note on Thursday, October 10th. They set a "neutral" rating and a $158.00 price target for the company. StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Robert W. Baird upped their price target 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. Finally, Barclays boosted their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply presently has a consensus rating of "Hold" and a consensus price target of $147.80.

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.