Sanctuary Advisors LLC Has $2.10 Million Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Sanctuary Advisors LLC raised its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 6.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 14,108 shares of the industrial products company’s stock after purchasing an additional 797 shares during the period. Sanctuary Advisors LLC’s holdings in SiteOne Landscape Supply were worth $2,099,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. purchased a new position in SiteOne Landscape Supply during the 3rd quarter worth $251,000. Geode Capital Management LLC lifted its position in shares of SiteOne Landscape Supply by 0.5% during the third quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company’s stock valued at $108,381,000 after purchasing an additional 3,434 shares in the last quarter. Barclays PLC boosted its holdings in SiteOne Landscape Supply by 71.2% during the third quarter. Barclays PLC now owns 48,398 shares of the industrial products company’s stock worth $7,304,000 after purchasing an additional 20,134 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in SiteOne Landscape Supply by 4.1% in the 3rd quarter. MML Investors Services LLC now owns 6,676 shares of the industrial products company’s stock valued at $1,007,000 after buying an additional 264 shares during the last quarter.

SiteOne Landscape Supply Trading Down 3.4 %

Shares of SiteOne Landscape Supply stock opened at $135.41 on Thursday. The stock has a market capitalization of $6.11 billion, a P/E ratio of 43.82 and a beta of 1.54. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The stock’s 50-day simple moving average is $145.85 and its 200 day simple moving average is $139.66.

SiteOne Landscape Supply (NYSE:SITE) last posted its 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). The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. SiteOne Landscape Supply’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 EPS. As a group, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current year.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of SiteOne Landscape Supply stock in a transaction dated Thursday, November 21st. The stock was 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 $1,840,352.40. The trade was a 33.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SITE shares. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a research note on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price objective for the company. 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. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Robert W. Baird raised their price objective on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $156.44.

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.