Janus Henderson Group PLC Boosts Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Janus Henderson Group PLC increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 36.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,784 shares of the industrial products company's stock after purchasing an additional 13,314 shares during the period. Janus Henderson Group PLC owned 0.11% of SiteOne Landscape Supply worth $7,512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Hilltop Holdings Inc. grew its position in SiteOne Landscape Supply by 18.5% in the third quarter. Hilltop Holdings Inc. now owns 3,093 shares of the industrial products company's stock worth $467,000 after acquiring an additional 483 shares in the last quarter. Holocene Advisors LP lifted its stake in shares of SiteOne Landscape Supply by 38.2% in the 3rd quarter. Holocene Advisors LP now owns 51,625 shares of the industrial products company's stock valued at $7,791,000 after purchasing an additional 14,269 shares during the last quarter. Bamco Inc. NY boosted its holdings in shares of SiteOne Landscape Supply by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company's stock worth $238,489,000 after purchasing an additional 129,252 shares during the period. Wasatch Advisors LP increased its position in shares of SiteOne Landscape Supply by 11.4% during the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company's stock valued at $238,083,000 after purchasing an additional 161,846 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in SiteOne Landscape Supply during the 3rd quarter valued at $1,721,000.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 6,500 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the transaction, the executive vice president now directly owns 12,942 shares in the company, valued at $1,840,352.40. The trade was a 33.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SITE shares. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and lifted their price target for the stock from $145.00 to $175.00 in a research note on Friday. The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a "neutral" rating and a $158.00 price target on the stock. Barclays upped 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. StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $156.44.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock traded down $5.52 during mid-day trading on Tuesday, reaching $147.59. The stock had a trading volume of 205,919 shares, compared to its average volume of 359,512. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 47.76 and a beta of 1.54. 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's fifty day moving average is $146.34 and its 200-day moving average is $140.03.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly 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 business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company posted $1.25 EPS. SiteOne Landscape Supply's quarterly revenue was up 5.6% compared to the same quarter last year. On average, research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current year.

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.