Barclays PLC Purchases 20,134 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Barclays PLC boosted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 71.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,398 shares of the industrial products company's stock after acquiring an additional 20,134 shares during the period. Barclays PLC owned 0.11% of SiteOne Landscape Supply worth $7,304,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SITE. Wealth Enhancement Advisory Services LLC boosted its position in shares of 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 worth $245,000 after buying an additional 98 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Equitable Trust Co. raised its position in shares of SiteOne Landscape Supply by 3.0% in the second quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company's stock valued at $432,000 after purchasing an additional 103 shares during the period. Arkadios Wealth Advisors boosted its holdings in 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 acquiring an additional 106 shares during the period. Finally, Glenmede Trust Co. NA increased its position in 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 buying an additional 119 shares during the period.

SiteOne Landscape Supply Stock Performance

Shares of SITE traded down $2.43 during midday trading on Thursday, reaching $132.98. 460,387 shares of the stock were exchanged, compared to its average volume of 358,024. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The company has a market cap of $6.00 billion, a P/E ratio of 43.04 and a beta of 1.54. The stock's 50 day simple moving average is $145.85 and its 200 day simple moving average is $139.66. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.21). The business 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 company's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 EPS. On average, sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 2.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SITE has been the topic of a number of recent research reports. Jefferies Financial Group raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and lifted their price objective for the company from $145.00 to $175.00 in a report on Friday, December 6th. Robert W. Baird lifted their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Barclays raised their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an "underweight" rating in a research report on Thursday, October 31st. The Goldman Sachs Group initiated coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They issued a "neutral" rating and a $158.00 target price for the company. Finally, StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. 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 company. Based on data from MarketBeat.com, SiteOne Landscape Supply currently has an average rating of "Hold" and an average target price of $156.44.

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the sale, the executive vice president now directly owns 12,942 shares in the company, valued at approximately $1,840,352.40. This trade represents a 33.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is owned by company insiders.

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.