SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 177,718 shares of the industrial products company's stock after acquiring an additional 8,886 shares during the quarter. Natixis Advisors LLC owned approximately 0.39% of SiteOne Landscape Supply worth $26,820,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. MJP Associates Inc. ADV boosted its stake in SiteOne Landscape Supply by 5.7% in the 2nd quarter. MJP Associates Inc. ADV now owns 1,707 shares of the industrial products company's stock worth $207,000 after buying an additional 92 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of SiteOne Landscape Supply by 5.1% during the 2nd 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 last quarter. Equitable Trust Co. raised its position in shares of SiteOne Landscape Supply by 3.0% in the 2nd quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company's stock worth $432,000 after buying an additional 103 shares during the period. Arkadios Wealth Advisors boosted its holdings in SiteOne Landscape Supply by 6.1% in 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 last quarter. Finally, iA Global Asset Management Inc. grew its position in SiteOne Landscape Supply by 7.9% during the first quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company's stock valued at $304,000 after acquiring an additional 127 shares during the period.

SiteOne Landscape Supply Stock Down 1.4 %

SiteOne Landscape Supply stock traded down $1.94 during midday trading on Tuesday, hitting $138.11. The stock had a trading volume of 70,779 shares, compared to its average volume of 362,409. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average price of $145.24 and a 200 day moving average price of $140.76. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The stock has a market cap of $6.23 billion, a P/E ratio of 44.80 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) 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 the consensus estimate of $1.19 billion. During the same quarter last year, the business earned $1.25 earnings per share. The business's revenue for the quarter was up 5.6% compared to the same quarter last year. Research analysts predict that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current year.

Wall Street Analysts Forecast Growth

SITE has been the topic of several research analyst reports. Royal Bank of Canada decreased their target price on SiteOne Landscape Supply from $133.00 to $132.00 and set a "sector perform" rating for the company in a report on Thursday, August 1st. The Goldman Sachs Group began coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a "neutral" rating and a $158.00 price objective for the company. Stifel Nicolaus lowered shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 target price on the stock. in a report on Thursday, August 1st. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, Truist Financial raised their target price on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, August 1st. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.