Raymond James & Associates Has $46.69 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Raymond James & Associates boosted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 8.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,389 shares of the industrial products company's stock after buying an additional 23,021 shares during the quarter. Raymond James & Associates owned approximately 0.69% of SiteOne Landscape Supply worth $46,690,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. bought a new position in shares of SiteOne Landscape Supply in the second quarter valued at approximately $27,000. Toronto Dominion Bank bought a new position in SiteOne Landscape Supply in the 1st quarter valued at $29,000. 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. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of SiteOne Landscape Supply by 588.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company's stock valued at $50,000 after buying an additional 247 shares in the last quarter.

Analyst Upgrades and Downgrades

SITE has been the topic of a number of research analyst reports. Stifel Nicolaus lowered shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 price objective on the stock. in a report on Thursday, August 1st. Barclays lowered their price target on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an "underweight" rating for the company in a report on Friday, July 12th. Jefferies Financial Group lowered their target price on SiteOne Landscape Supply from $160.00 to $125.00 and set a "hold" rating for the company in a research note on Thursday, July 11th. Truist Financial upped 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. Finally, The Goldman Sachs Group initiated coverage on 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. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $147.20.

Insider Activity

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of SiteOne Landscape Supply stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $129.04, for a total value of $113,297.12. Following the sale, the director now owns 11,267 shares of the company's stock, valued at $1,453,893.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.70% of the company's stock.

SiteOne Landscape Supply Trading Down 0.0 %

Shares of SITE stock traded down $0.01 on Wednesday, hitting $139.19. The stock had a trading volume of 336,526 shares, compared to its average volume of 362,153. The firm has a market cap of $6.28 billion, a P/E ratio of 41.31 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01. The company has a current ratio of 2.47, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $142.62 and a two-hundred day moving average price of $143.14.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $2.50 by $0.13. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm posted $2.71 earnings per share. SiteOne Landscape Supply's revenue was up 4.4% compared to the same quarter last year. As a group, analysts forecast that SiteOne Landscape Supply, Inc. will post 3.23 earnings per share for the current fiscal year.

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.