International Assets Investment Management LLC Grows Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

International Assets Investment Management LLC raised its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 6,488.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,369 shares of the industrial products company's stock after buying an additional 35,817 shares during the period. International Assets Investment Management LLC owned about 0.08% of SiteOne Landscape Supply worth $5,488,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC increased its position in shares of SiteOne Landscape Supply by 126.9% during the third quarter. Eagle Bay Advisors LLC now owns 497 shares of the industrial products company's stock worth $75,000 after acquiring an additional 278 shares during the period. Private Advisor Group LLC raised its position in SiteOne Landscape Supply by 4.2% in the 3rd quarter. Private Advisor Group LLC now owns 9,249 shares of the industrial products company's stock valued at $1,396,000 after purchasing an additional 373 shares in the last quarter. Raymond James & Associates raised its position in SiteOne Landscape Supply by 8.0% in the 3rd quarter. Raymond James & Associates now owns 309,389 shares of the industrial products company's stock valued at $46,690,000 after purchasing an additional 23,021 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of SiteOne Landscape Supply by 287.7% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock valued at $38,000 after buying an additional 187 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC grew its position in shares of SiteOne Landscape Supply by 5.0% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 4,560 shares of the industrial products company's stock worth $688,000 after buying an additional 219 shares in the last quarter.

Analyst Ratings Changes

SITE has been the topic of several analyst reports. Jefferies Financial Group reduced their target price on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a "hold" rating on the stock in a report on Thursday, July 11th. Barclays increased their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a report on Thursday. StockNews.com lowered SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a report on Saturday, August 10th. Truist Financial lifted their price target on SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus downgraded 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. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, SiteOne Landscape Supply presently has an average rating of "Hold" and a consensus target price of $147.80.

SiteOne Landscape Supply Stock Performance

NYSE:SITE traded up $2.22 during mid-day trading on Friday, reaching $141.96. 525,949 shares of the stock were exchanged, compared to its average volume of 337,801. The stock has a market capitalization of $6.41 billion, a P/E ratio of 45.94 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01. The company has a 50 day simple moving average of $143.39 and a 200-day simple moving average of $141.89. The company has a quick ratio of 1.10, a current ratio of 2.53 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter last year, the business posted $1.25 earnings per share. The business's revenue was up 5.6% on a year-over-year basis. Analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Fred M. Diaz sold 878 shares of the company's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $129.04, for a total value of $113,297.12. Following the completion of the sale, the director now directly owns 11,267 shares of the company's stock, valued at approximately $1,453,893.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by insiders.

About SiteOne Landscape Supply

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.