JPMorgan Chase & Co. Acquires 29,025 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

JPMorgan Chase & Co. increased its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 5.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 528,873 shares of the industrial products company's stock after acquiring an additional 29,025 shares during the period. JPMorgan Chase & Co. owned 1.17% of SiteOne Landscape Supply worth $79,812,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its position in SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Blue Trust Inc. increased its stake in shares of 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 during the period. American National Bank & Trust acquired a new position in shares of SiteOne Landscape Supply during the 3rd quarter worth about $49,000. Quarry LP bought a new stake in SiteOne Landscape Supply during the 2nd quarter valued at approximately $61,000. Finally, National Bank of Canada FI grew its holdings in SiteOne Landscape Supply by 67.5% in the 2nd quarter. National Bank of Canada FI now owns 536 shares of the industrial products company's stock valued at $63,000 after buying an additional 216 shares during the last quarter.

SiteOne Landscape Supply Price Performance

Shares of SITE stock traded up $1.29 during trading hours on Friday, hitting $130.33. The company had a trading volume of 365,925 shares, compared to its average volume of 292,513. 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 firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 42.18 and a beta of 1.54. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The firm's fifty day moving average is $143.28 and its 200 day moving average is $139.54.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings data 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 net margin of 3.16% and a return on equity of 9.21%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business posted $1.25 earnings per share. The firm's revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and increased their price objective for the company from $145.00 to $175.00 in a research report on Friday, December 6th. StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Robert W. Baird raised their price target on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Barclays upped their price objective on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group assumed 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $156.44.

Insider Transactions at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the sale, the executive vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.60% of the company's stock.

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.