BNP Paribas Financial Markets Has $1.48 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

BNP Paribas Financial Markets grew its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 149.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,805 shares of the industrial products company's stock after buying an additional 5,877 shares during the quarter. BNP Paribas Financial Markets' holdings in SiteOne Landscape Supply were worth $1,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SITE. Whittier Trust Co. of Nevada Inc. bought a new stake in SiteOne Landscape Supply during the 2nd quarter worth approximately $27,000. Blue Trust Inc. boosted its stake in SiteOne Landscape Supply by 287.7% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock worth $38,000 after purchasing an additional 187 shares in the last quarter. American National Bank & Trust bought a new stake in shares of SiteOne Landscape Supply during the third quarter worth $49,000. Eagle Bay Advisors LLC increased its stake in shares of SiteOne Landscape Supply by 126.9% in the third quarter. Eagle Bay Advisors LLC now owns 497 shares of the industrial products company's stock valued at $75,000 after buying an additional 278 shares in the last quarter. Finally, Quarry LP acquired a new position in SiteOne Landscape Supply during the 2nd quarter worth about $61,000.

SiteOne Landscape Supply Stock Performance

Shares of NYSE SITE traded up $2.14 during mid-day trading on Monday, reaching $153.19. 220,982 shares of the company were exchanged, compared to its average volume of 360,161. The stock has a market capitalization of $6.91 billion, a P/E ratio of 49.58 and a beta of 1.54. 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's 50-day simple moving average is $146.39 and its 200-day simple moving average is $140.08. 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 quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.21). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The company's revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 EPS. As a group, research analysts predict that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Robert W. Baird raised 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. Barclays lifted their target price 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. Jefferies Financial Group raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and upped their price target for the company from $145.00 to $175.00 in a research note on Friday. The Goldman Sachs Group started coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They set a "neutral" rating and a $158.00 price objective for the company. Finally, StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of "Hold" and an average price target of $156.44.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares of the company's stock, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.60% of the company's stock.

SiteOne Landscape Supply Company Profile

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.