1,330 Shares in SiteOne Landscape Supply, Inc. (NYSE:SITE) Acquired by Marco Investment Management LLC

Marco Investment Management LLC bought a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,330 shares of the industrial products company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MJP Associates Inc. ADV grew its stake in shares of SiteOne Landscape Supply by 5.7% in the 2nd quarter. MJP Associates Inc. ADV now owns 1,707 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 92 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in SiteOne Landscape Supply by 5.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company’s stock worth $245,000 after buying an additional 98 shares during the last quarter. Equitable Trust Co. increased its holdings in shares of SiteOne Landscape Supply by 3.0% in the second quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company’s stock valued at $432,000 after buying an additional 103 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of SiteOne Landscape Supply by 6.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock valued at $278,000 after acquiring an additional 106 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its stake in shares of SiteOne Landscape Supply by 7.9% during the 1st quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 127 shares in the last quarter.

SiteOne Landscape Supply Stock Up 3.9 %

SITE stock opened at $148.77 on Monday. The company has a 50 day moving average of $145.80 and a two-hundred day moving average of $140.50. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 48.15 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month 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.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.21). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. SiteOne Landscape Supply’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.25 earnings per share. On average, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

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 value of $924,300.00. Following the completion of the sale, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Robert W. Baird boosted their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Barclays lifted their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research report on Thursday, October 31st. Truist Financial upped their price target on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $147.80.

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.