Park Avenue Securities LLC Lowers Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Park Avenue Securities LLC reduced its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,713 shares of the industrial products company’s stock after selling 489 shares during the period. Park Avenue Securities LLC’s holdings in SiteOne Landscape Supply were worth $1,016,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SITE. Nomura Asset Management Co. Ltd. lifted its position in 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 valued at $32,000 after acquiring an additional 100 shares during the period. Blue Trust Inc. increased its stake in SiteOne Landscape Supply by 287.7% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 187 shares in the last quarter. American National Bank & Trust bought a new stake in SiteOne Landscape Supply during the 3rd quarter valued at about $49,000. Quarry LP bought a new stake in SiteOne Landscape Supply during the 2nd quarter valued at about $61,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in SiteOne Landscape Supply by 35.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 521 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 135 shares in the last quarter.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the business’s stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SITE shares. Robert W. Baird raised their price objective 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. StockNews.com lowered shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Monday. The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They set a “neutral” rating and a $158.00 price objective for the company. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. Finally, Barclays lifted their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and an average target price of $156.44.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $143.00 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. The company has a market capitalization of $6.45 billion, a P/E ratio of 46.28 and a beta of 1.56. The firm’s 50 day simple moving average is $140.46 and its two-hundred day simple moving average is $140.52.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results 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). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the firm earned $1.25 EPS. SiteOne Landscape Supply’s revenue for the quarter was up 5.6% compared to the same quarter last year. Research analysts expect that SiteOne Landscape Supply, Inc. will post 2.94 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.