SG Americas Securities LLC Purchases Shares of 3,240 SiteOne Landscape Supply, Inc. (NYSE:SITE)

SG Americas Securities LLC acquired a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,240 shares of the industrial products company's stock, valued at approximately $427,000.

Other hedge funds have also made changes to their positions in the company. Mitchell & Pahl Private Wealth LLC increased its position in SiteOne Landscape Supply by 9.1% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 4,974 shares of the industrial products company's stock worth $655,000 after purchasing an additional 414 shares in the last quarter. Trust Co. of Vermont increased its holdings in shares of SiteOne Landscape Supply by 657.9% in the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 250 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of SiteOne Landscape Supply by 9.7% in the 4th quarter. Arkadios Wealth Advisors now owns 2,020 shares of the industrial products company's stock valued at $266,000 after acquiring an additional 178 shares during the last quarter. JPMorgan Chase & Co. boosted its position in SiteOne Landscape Supply by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 528,873 shares of the industrial products company's stock valued at $79,812,000 after purchasing an additional 29,025 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new position in SiteOne Landscape Supply during the 3rd quarter valued at approximately $1,099,000.

Insider Buying and Selling

In related news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the sale, the executive vice president now owns 12,942 shares of the company's stock, valued at $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SITE shares. The Goldman Sachs Group started 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. Robert W. Baird increased their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Tuesday, January 28th. Barclays increased their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and increased their target price for the company from $145.00 to $175.00 in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $156.44.

SiteOne Landscape Supply Trading Up 0.5 %

SITE stock traded up $0.63 during midday trading on Tuesday, hitting $136.61. 238,501 shares of the company's stock were exchanged, compared to its average volume of 303,009. The stock's fifty day moving average price is $140.24 and its 200-day moving average price is $141.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The company has a market cap of $6.16 billion, a PE ratio of 44.21 and a beta of 1.57. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01.

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.