Natixis Advisors LLC boosted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,718 shares of the industrial products company's stock after buying an additional 8,886 shares during the quarter. Natixis Advisors LLC owned 0.39% of SiteOne Landscape Supply worth $26,820,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in SITE. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of SiteOne Landscape Supply in the second quarter valued at $27,000. Toronto Dominion Bank purchased a new position in SiteOne Landscape Supply during the 1st quarter valued at 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 valued at $38,000 after acquiring an additional 187 shares in the last quarter. American National Bank & Trust purchased a new stake in SiteOne Landscape Supply during the third quarter worth about $49,000. Finally, Quarry LP acquired a new stake in shares of SiteOne Landscape Supply during the second quarter worth about $61,000.
NYSE:SITE opened at $140.05 on Tuesday. 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 1 year low of $114.60 and a 1 year high of $188.01. The stock has a market cap of $6.32 billion, a P/E ratio of 45.50 and a beta of 1.53. The stock has a 50-day simple moving average of $145.12 and a 200-day simple moving average of $140.83.
SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 EPS 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 company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the prior year, the company earned $1.25 earnings per share. The business's revenue for the quarter was up 5.6% on a year-over-year basis. As a group, analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, August 1st. StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Robert W. Baird increased their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Royal Bank of Canada lowered 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 note on Thursday, August 1st. Finally, The Goldman Sachs Group assumed coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They set a "neutral" rating and a $158.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $147.80.
Get Our Latest Report on SITE
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.
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