1,841 Shares in SiteOne Landscape Supply, Inc. (NYSE:SITE) Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC purchased a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,841 shares of the industrial products company’s stock, valued at approximately $278,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of SiteOne Landscape Supply in the 2nd quarter worth $27,000. Toronto Dominion Bank purchased a new position in SiteOne Landscape Supply during the first quarter worth about $29,000. Blue Trust Inc. grew its position in SiteOne Landscape Supply by 287.7% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 187 shares in the last quarter. American National Bank & Trust purchased a new stake in SiteOne Landscape Supply in the 3rd quarter valued at about $49,000. Finally, Quarry LP bought a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth approximately $61,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Stifel Nicolaus lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a report on Thursday, August 1st. Barclays raised their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Truist Financial boosted their price target on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada reduced their price target on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They issued a “neutral” rating and a $158.00 target price on the stock. Two 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 company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $147.80.

SiteOne Landscape Supply Price Performance

SITE opened at $148.69 on Friday. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 46.44 and a beta of 1.53. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $145.65 and a 200-day moving average price of $140.68. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results 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 business 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 firm earned $1.25 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. Equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current year.

Insider Buying and Selling

In related 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 owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by insiders.

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.