Koshinski Asset Management Inc. increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) by 28.7% in the first quarter, HoldingsChannel reports. The company owned 596 shares of the industrial products company after purchasing an additional 133 shares during the quarter. Koshinski Asset Management Inc.’s interests in SiteOne Landscape Supply were valued at $96,000 at the end of the last reporting period.
Other institutional investors have also recently changed their holdings in the company. National Bank of Canada FI acquired a new position in SiteOne Landscape Supply stock valued at approximately $34,000 during the fourth quarter. Catalyst Capital Advisors LLC increased its stake in SiteOne Landscape Supply by 111.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 148 shares of the industrial products company, valued at $36,000, after purchasing an additional 78 shares last quarter. Covestor Ltd acquired a new interest in SiteOne Landscape Supply in the fourth quarter for approximately $38,000. Confluence Wealth Services Inc. acquired a new interest in SiteOne Landscape Supply for approximately $54,000 during the fourth quarter. Finally, Concord Wealth Partners purchased a new stake in SiteOne Landscape Supply for approximately $57,000 during the fourth quarter.
Several analysts recently rated SITE stock. UBS Group upgraded the shares of SiteOne Landscape Supply to a neutral rating from a “sell” rating, lifting its target price on the company from $170.00 to 165 in a research note on Monday, March 28 $.00 lowered. They determined that the move was an evaluation call. The Royal Bank of Canada has raised the shares of SiteOne Landscape Supply from an underperform rating to a sector perform rating and raised its price target for the company from 128.00 in a research note on Wednesday 22 June $ lowered to $118.00. TheStreet downgraded shares of SiteOne Landscape Supply from a “b-” rating to a “c+” rating in a research note on Wednesday, May 18th. StockNews.com began reporting on shares of SiteOne Landscape Supply in a research note on Thursday, March 31st. They give the company a “hold” rating. Finally, on Thursday, May 5, Robert W. Baird lowered his target price for shares of SiteOne Landscape Supply from $232.00 to $171.00 in a research note. Five equities research analysts have assigned a hold rating to the stock and three have assigned a buy rating to the company. Based on data from MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of Hold and a consensus price target of $178.86.
Shares of SITE stock opened at $122.71 on Wednesday. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 21.38 and a beta of 1.33. The company’s 50-day moving average is $127.19 and its 200-day moving average is $162.32. The company has a quick ratio of 0.89, a current ratio of 2.32 and a debt to equity ratio of 0.41. SiteOne Landscape Supply, Inc. has a 52-week low of $108.77 and a 52-week high of $260.00.
SiteOne Landscape Supply (NYSE:SITE – Get Rating) last released its quarterly results on Wednesday, May 4th. The industrial products company reported earnings per share (EPS) of $0.70 for the quarter, beating the consensus estimate of $0.16 by $0.54. SiteOne Landscape Supply had a net margin of 7.25% and a return on equity of 25.59%. The company had revenue of $805.30 million for the quarter, compared to analyst estimates of $742.01 million. In the same period last year, the company generated earnings per share of $0.16. The company’s revenue for the quarter rose 23.9% year over year. Analysts expect SiteOne Landscape Supply, Inc. to post 5.72 EPS for the current fiscal year.
In other news from SiteOne Landscape Supply, CEO Doug Black sold 17,431 shares of SiteOne Landscape Supply in one transaction on Wednesday, April 13th. The shares sold at an average price of $149.12 for a total value of $2,599,310.72. Following the transaction, the Chief Executive Officer now directly owns 468,918 shares of the Company, valued at $69,925,052.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC’s website. 2.70% of the shares are currently owned by insiders.
SiteOne Landscape Offering Profile (received rating)
SiteOne Landscape Supply, Inc is engaged in the wholesale distribution of landscape supplies in the United States and Canada. The Company offers a selection of approximately 135,000 stock items, including irrigation accessories, which includes controllers, valves, sprinkler heads and irrigation tubing; fertilizers, grass seed and ice melt products; control products such as herbicides, fungicides, rodenticides and other pesticides; landscape accessories that include mulches, soil conditioners, drainage pipes, tools and sod; nursery stock consisting of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, outdoor and container grown nurseries, roses, perennials, annuals, bulbs and plant species; Hardscapes such as cobblestones, natural stones, blocks and other durable materials; and outdoor lighting products, which include lighting fixtures, LED bulbs, cables, transformers and accessories.
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