Oppenheimer Asset Management Inc. Boosts Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Oppenheimer Asset Management Inc. boosted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 36.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,299 shares of the industrial products company’s stock after purchasing an additional 8,148 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in SiteOne Landscape Supply were worth $3,679,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Wasatch Advisors LP boosted its holdings in shares of SiteOne Landscape Supply by 47.8% in the 1st quarter. Wasatch Advisors LP now owns 986,602 shares of the industrial products company’s stock worth $172,211,000 after purchasing an additional 319,071 shares during the period. Bank of New York Mellon Corp lifted its position in SiteOne Landscape Supply by 49.3% in the second quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company’s stock worth $58,226,000 after buying an additional 158,350 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in SiteOne Landscape Supply during the first quarter worth $21,860,000. Vaughan Nelson Investment Management L.P. increased its position in SiteOne Landscape Supply by 130.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 198,214 shares of the industrial products company’s stock valued at $24,065,000 after acquiring an additional 112,362 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of SiteOne Landscape Supply by 44.3% in the second quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company’s stock valued at $43,717,000 after acquiring an additional 110,589 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently commented on SITE. UBS Group dropped their price target on shares of SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Stifel Nicolaus cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a research note on Thursday, August 1st. Barclays decreased their price target on SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating for the company in a research note on Friday, July 12th. Truist Financial upped their price objective on 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, Royal Bank of Canada decreased their target price on 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. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $144.33.

Insider Buying and Selling

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of SiteOne Landscape Supply stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $129.04, for a total value of $113,297.12. Following the transaction, the director now owns 11,267 shares in the company, valued at $1,453,893.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Trading Up 0.4 %

NYSE:SITE opened at $141.66 on Tuesday. The firm has a 50-day simple moving average of $136.70 and a 200-day simple moving average of $148.33. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The firm has a market cap of $6.39 billion, a P/E ratio of 41.06 and a beta of 1.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 2.47.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.13. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. SiteOne Landscape Supply’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.71 earnings per share. Equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.19 EPS for the current fiscal year.

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.