Thrivent Financial for Lutherans Has $248,000 Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Thrivent Financial for Lutherans lessened its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 98.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,646 shares of the industrial products company's stock after selling 102,860 shares during the period. Thrivent Financial for Lutherans' holdings in SiteOne Landscape Supply were worth $248,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Tidal Investments LLC acquired a new stake in SiteOne Landscape Supply in the first quarter valued at $216,000. Cetera Investment Advisers lifted its stake in SiteOne Landscape Supply by 143.8% in the 1st quarter. Cetera Investment Advisers now owns 12,281 shares of the industrial products company's stock valued at $2,144,000 after purchasing an additional 7,244 shares during the last quarter. Cetera Advisors LLC bought a new position in SiteOne Landscape Supply during the first quarter worth about $708,000. Park Avenue Securities LLC increased its position in SiteOne Landscape Supply by 8.5% during the second quarter. Park Avenue Securities LLC now owns 7,127 shares of the industrial products company's stock worth $865,000 after buying an additional 561 shares during the last quarter. Finally, OLD National Bancorp IN bought a new stake in SiteOne Landscape Supply in the second quarter valued at approximately $267,000.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the business's 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE traded up $6.19 during midday trading on Friday, reaching $151.05. The company's stock had a trading volume of 391,044 shares, compared to its average volume of 280,863. The company has a market cap of $6.82 billion, a P/E ratio of 48.88 and a beta of 1.54. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. 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 business's 50 day moving average price is $146.34 and its two-hundred day moving average price is $140.19.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. SiteOne Landscape Supply's revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 earnings per share. On average, analysts forecast that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented 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 target price for the company. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $145.00 to $175.00 in a research report on Friday. Barclays increased 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. Robert W. Baird upped their price target on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Finally, StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $152.80.

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.