Charles Schwab Investment Management Inc. Acquires 20,357 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Charles Schwab Investment Management Inc. grew its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 3.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 537,998 shares of the industrial products company's stock after buying an additional 20,357 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.19% of SiteOne Landscape Supply worth $81,189,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new position in SiteOne Landscape Supply during the second quarter valued at approximately $27,000. Blue Trust Inc. raised its holdings in shares of SiteOne Landscape Supply by 287.7% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock worth $38,000 after buying an additional 187 shares in the last quarter. American National Bank & Trust bought a new stake in shares of SiteOne Landscape Supply during the 3rd quarter worth $49,000. Quarry LP acquired a new stake in SiteOne Landscape Supply in the second quarter valued at about $61,000. Finally, National Bank of Canada FI grew its position in SiteOne Landscape Supply by 67.5% in the second quarter. National Bank of Canada FI now owns 536 shares of the industrial products company's stock valued at $63,000 after acquiring an additional 216 shares during the last quarter.

SiteOne Landscape Supply Trading Up 1.0 %

NYSE:SITE traded up $1.46 on Thursday, reaching $152.92. 346,659 shares of the stock traded hands, compared to its average volume of 363,361. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. The company's 50 day moving average is $146.30 and its 200-day moving average is $140.53. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 49.49 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data 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). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company earned $1.25 earnings per share. The company's quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SITE. Stifel Nicolaus cut shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 target price for the company. in a report on Thursday, August 1st. StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Truist Financial increased their price target on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Royal Bank of Canada reduced their price objective on SiteOne Landscape Supply from $133.00 to $132.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 1st. Finally, Robert W. Baird increased their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $147.80.

Insider Activity at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of SiteOne Landscape Supply stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value 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. The trade was a 33.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by corporate insiders.

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.