SiteOne Landscape Supply, Inc. (NYSE:SITE) Position Boosted by Cerity Partners LLC

Cerity Partners LLC lifted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 43.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 19,394 shares of the industrial products company's stock after buying an additional 5,869 shares during the period. Cerity Partners LLC's holdings in SiteOne Landscape Supply were worth $2,927,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC purchased a new position in shares of SiteOne Landscape Supply during the 1st quarter worth $216,000. Cetera Investment Advisers lifted its position in SiteOne Landscape Supply by 143.8% during the first quarter. Cetera Investment Advisers now owns 12,281 shares of the industrial products company's stock worth $2,144,000 after buying an additional 7,244 shares during the period. Cetera Advisors LLC acquired a new stake in SiteOne Landscape Supply in the 1st quarter worth about $708,000. Park Avenue Securities LLC grew its holdings in SiteOne Landscape Supply by 8.5% in the 2nd quarter. Park Avenue Securities LLC now owns 7,127 shares of the industrial products company's stock valued at $865,000 after buying an additional 561 shares during the period. Finally, OLD National Bancorp IN acquired a new position in shares of SiteOne Landscape Supply during the 2nd quarter valued at about $267,000.

Insider Activity

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.70% of the company's stock.

SiteOne Landscape Supply Stock Up 0.2 %

Shares of NYSE SITE traded up $0.33 on Friday, hitting $153.25. The company had a trading volume of 196,754 shares, compared to its average volume of 329,864. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $188.01. The firm has a market capitalization of $6.91 billion, a P/E ratio of 49.60 and a beta of 1.53. The business has a 50 day moving average of $146.38 and a two-hundred day moving average of $140.37.

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 analysts' consensus estimates of $1.18 by ($0.21). The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The firm's revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 EPS. As a group, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

SITE has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Barclays boosted their price objective on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research note on Thursday, October 31st. Robert W. Baird increased their target price 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. Finally, The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a "neutral" rating and a $158.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $147.80.

SiteOne Landscape Supply 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.