King Luther Capital Management Corp Raises Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

King Luther Capital Management Corp increased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 15.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,087 shares of the industrial products company's stock after purchasing an additional 3,859 shares during the quarter. King Luther Capital Management Corp owned 0.06% of SiteOne Landscape Supply worth $4,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SITE. Conestoga Capital Advisors LLC increased its position in SiteOne Landscape Supply by 2.5% in the second quarter. Conestoga Capital Advisors LLC now owns 1,141,624 shares of the industrial products company's stock worth $138,605,000 after buying an additional 28,265 shares in the last quarter. Geneva Capital Management LLC increased its position in SiteOne Landscape Supply by 1.5% in the third quarter. Geneva Capital Management LLC now owns 626,101 shares of the industrial products company's stock worth $94,485,000 after buying an additional 9,209 shares in the last quarter. Dimensional Fund Advisors LP increased its position in SiteOne Landscape Supply by 10.3% in the second quarter. Dimensional Fund Advisors LP now owns 568,349 shares of the industrial products company's stock worth $69,007,000 after buying an additional 53,131 shares in the last quarter. Bank of New York Mellon Corp increased its position in SiteOne Landscape Supply by 49.3% in the second quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company's stock worth $58,226,000 after buying an additional 158,350 shares in the last quarter. Finally, Premier Fund Managers Ltd boosted its stake in shares of SiteOne Landscape Supply by 14.1% in the third quarter. Premier Fund Managers Ltd now owns 405,738 shares of the industrial products company's stock worth $61,415,000 after acquiring an additional 50,000 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Truist Financial upped their price objective on SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Stifel Nicolaus lowered SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 price objective for the company. in a research note on Thursday, August 1st. Robert W. Baird upped their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group assumed 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. Finally, StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $147.80.

SiteOne Landscape Supply Trading Up 3.9 %

Shares of NYSE:SITE traded up $5.63 during trading on Friday, hitting $148.77. The company had a trading volume of 527,799 shares, compared to its average volume of 369,895. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 48.12 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The company has a fifty day simple moving average of $145.80 and a two-hundred day simple moving average of $140.61. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued 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). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company's quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts forecast that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current year.

Insider Transactions 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 transaction of $924,300.00. Following the transaction, the executive vice president now owns 12,942 shares of the company's stock, valued at approximately $1,840,352.40. This trade represents a 33.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.70% of the company's stock.

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.