Venturi Wealth Management LLC Boosts Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Venturi Wealth Management LLC raised its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 13.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,760 shares of the industrial products company’s stock after acquiring an additional 209 shares during the period. Venturi Wealth Management LLC’s holdings in SiteOne Landscape Supply were worth $232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SITE. Nomura Asset Management Co. Ltd. raised its stake in shares of 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 buying an additional 100 shares in the last quarter. Blue Trust Inc. raised its stake in shares of SiteOne Landscape Supply by 287.7% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after buying an additional 187 shares in the last quarter. Trust Co. of Vermont raised its stake in shares of SiteOne Landscape Supply by 657.9% during the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock worth $38,000 after buying an additional 250 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of SiteOne Landscape Supply during the 3rd quarter worth approximately $71,000. Finally, CIBC Asset Management Inc purchased a new position in shares of SiteOne Landscape Supply during the 3rd quarter worth approximately $200,000.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $134.72 on Friday. The business’s fifty day moving average price is $137.65 and its two-hundred day moving average price is $141.53. The stock has a market cap of $6.08 billion, a PE ratio of 50.08 and a beta of 1.57. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. On average, analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SITE shares. Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their target price for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. Royal Bank of Canada upped their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Stifel Nicolaus restated a “hold” rating and issued a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Barclays upped their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. Finally, StockNews.com cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $154.56.

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.