Avantax Advisory Services Inc. Has $1.12 Million Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Avantax Advisory Services Inc. decreased its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 7.4% in the 4th quarter, HoldingsChannel reports. The fund owned 8,529 shares of the industrial products company’s stock after selling 684 shares during the period. Avantax Advisory Services Inc.’s holdings in SiteOne Landscape Supply were worth $1,124,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its stake in shares of SiteOne Landscape Supply by 90.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Trust Co. of Vermont raised its stake in shares of SiteOne Landscape Supply by 657.9% in the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after buying an additional 250 shares in the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 78.9% during the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 131 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of SiteOne Landscape Supply during the 3rd quarter valued at about $71,000. Finally, Jones Financial Companies Lllp increased its stake in SiteOne Landscape Supply by 11.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock valued at $197,000 after acquiring an additional 156 shares during the period.

SiteOne Landscape Supply Trading Down 1.3 %

SITE opened at $122.30 on Thursday. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. The firm has a 50-day moving average price of $134.64 and a two-hundred day moving average price of $140.08. The stock has a market capitalization of $5.50 billion, a PE ratio of 45.46 and a beta of 1.69. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. As a group, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Robert W. Baird decreased their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Royal Bank of Canada upped their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Sunday. UBS Group dropped their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price target for the company from $145.00 to $175.00 in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $154.56.

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.