SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 177,718 shares of the industrial products company’s stock after buying an additional 8,886 shares during the quarter. Natixis Advisors LLC’s holdings in SiteOne Landscape Supply were worth $26,820,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new stake in shares of SiteOne Landscape Supply in the first quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in SiteOne Landscape Supply in the 2nd quarter valued at about $27,000. Blue Trust Inc. raised 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 acquiring an additional 187 shares during the last quarter. American National Bank & Trust acquired a new stake in SiteOne Landscape Supply during the 3rd quarter worth approximately $49,000. Finally, Eagle Bay Advisors LLC grew its stake in shares of SiteOne Landscape Supply by 126.9% in the 3rd quarter. Eagle Bay Advisors LLC now owns 497 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 278 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. The Goldman Sachs Group began coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price objective for the company. Truist Financial lifted their target price 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. Barclays increased their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada lowered their price objective on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $147.80.

SiteOne Landscape Supply Trading Down 0.4 %

Shares of SiteOne Landscape Supply stock opened at $140.05 on Tuesday. The company has a 50-day moving average of $145.12 and a two-hundred day moving average of $140.83. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $188.01. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The stock has a market cap of $6.32 billion, a PE ratio of 45.50 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data 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 firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 earnings per share. On average, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.41 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.