NewEdge Wealth LLC Increases Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

NewEdge Wealth LLC increased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITEFree Report) by 8.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,309 shares of the industrial products company’s stock after purchasing an additional 1,418 shares during the period. NewEdge Wealth LLC’s holdings in SiteOne Landscape Supply were worth $2,829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Venturi Wealth Management LLC acquired a new stake in SiteOne Landscape Supply in the third quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in SiteOne Landscape Supply in the second quarter valued at approximately $29,000. Impact Partnership Wealth LLC acquired a new stake in SiteOne Landscape Supply in the third quarter valued at approximately $30,000. Bessemer Group Inc. boosted its stake in SiteOne Landscape Supply by 383.3% in the fourth quarter. Bessemer Group Inc. now owns 261 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 207 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new stake in SiteOne Landscape Supply in the second quarter valued at approximately $36,000.

Insider Activity

In other news, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $165.37, for a total value of $1,653,700.00. Following the sale, the chief executive officer now owns 580,886 shares in the company, valued at $96,061,117.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on SITE shares. Barclays raised their price target on shares of SiteOne Landscape Supply from $114.00 to $121.00 and gave the stock an “underweight” rating in a report on Wednesday, December 13th. Loop Capital cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Truist Financial raised their price target on shares of SiteOne Landscape Supply from $158.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a $120.00 price target (down previously from $123.00) on shares of SiteOne Landscape Supply in a report on Friday, December 8th. Finally, Royal Bank of Canada decreased their price target on shares of SiteOne Landscape Supply from $141.00 to $131.00 and set a “sector perform” rating for the company in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $160.60.

Get Our Latest Report on SiteOne Landscape Supply

SiteOne Landscape Supply Stock Down 5.1 %

SITE opened at $150.09 on Tuesday. SiteOne Landscape Supply, Inc. has a fifty-two week low of $116.81 and a fifty-two week high of $176.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.10 and a current ratio of 2.40. The company has a fifty day moving average of $155.33 and a two-hundred day moving average of $153.93. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 39.09 and a beta of 1.54.

About SiteOne Landscape Supply

(Free Report)

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 a selection of approximately 155,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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