SiteOne Landscape Supply, Inc. (NYSE:SITE) Holdings Raised by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 16.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,269 shares of the industrial products company's stock after buying an additional 4,970 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.08% of SiteOne Landscape Supply worth $5,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in SiteOne Landscape Supply by 49.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company's stock worth $58,226,000 after purchasing an additional 158,350 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of SiteOne Landscape Supply during the 1st quarter valued at $21,860,000. Vaughan Nelson Investment Management L.P. boosted its position in SiteOne Landscape Supply by 130.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 198,214 shares of the industrial products company's stock worth $24,065,000 after purchasing an additional 112,362 shares during the period. American Century Companies Inc. increased its holdings in SiteOne Landscape Supply by 44.3% in the 2nd quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company's stock valued at $43,717,000 after purchasing an additional 110,589 shares in the last quarter. Finally, Swedbank AB purchased a new position in SiteOne Landscape Supply in the first quarter valued at about $16,757,000.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays boosted their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an "underweight" rating in a research report on Thursday, October 31st. Royal Bank of Canada cut their price objective on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a "sector perform" rating on the stock in a report on Thursday, August 1st. The Goldman Sachs Group started coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a "neutral" rating and a $158.00 target price on the stock. Robert W. Baird upped 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. Finally, StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, SiteOne Landscape Supply presently has an average rating of "Hold" and a consensus target price of $147.80.

SiteOne Landscape Supply Stock Performance

Shares of NYSE:SITE traded down $2.81 during trading on Friday, hitting $139.97. 131,191 shares of the company traded hands, compared to its average volume of 363,272. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 46.22 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 quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The business's fifty day moving average is $144.86 and its 200-day moving average is $141.10.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its 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 company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business earned $1.25 earnings per share. SiteOne Landscape Supply's quarterly revenue was up 5.6% on a year-over-year basis. As a group, equities analysts predict that SiteOne Landscape Supply, Inc. will post 3.41 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.