SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Acquired by LVW Advisors LLC

LVW Advisors LLC raised its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 8.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,574 shares of the industrial products company’s stock after buying an additional 288 shares during the period. LVW Advisors LLC’s holdings in SiteOne Landscape Supply were worth $434,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wasatch Advisors LP increased its position in shares of SiteOne Landscape Supply by 47.8% in the 1st quarter. Wasatch Advisors LP now owns 986,602 shares of the industrial products company’s stock worth $172,211,000 after purchasing an additional 319,071 shares during the last quarter. Jackson Square Partners LLC increased its holdings in shares of SiteOne Landscape Supply by 25.6% in the 4th quarter. Jackson Square Partners LLC now owns 809,775 shares of the industrial products company’s stock valued at $131,588,000 after acquiring an additional 165,067 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of SiteOne Landscape Supply during the 1st quarter valued at approximately $21,860,000. Allianz Asset Management GmbH lifted its stake in SiteOne Landscape Supply by 14.7% during the fourth quarter. Allianz Asset Management GmbH now owns 798,300 shares of the industrial products company’s stock worth $129,724,000 after purchasing an additional 102,207 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in SiteOne Landscape Supply by 38.1% during the fourth quarter. Brown Advisory Inc. now owns 353,015 shares of the industrial products company’s stock worth $57,365,000 after purchasing an additional 97,305 shares during the last quarter.

SiteOne Landscape Supply Price Performance

Shares of SiteOne Landscape Supply stock traded up $0.81 on Tuesday, hitting $131.35. The company had a trading volume of 19,509 shares, compared to its average volume of 388,068. 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 0.36, a current ratio of 2.47 and a quick ratio of 1.10. The company has a market cap of $5.94 billion, a PE ratio of 37.84 and a beta of 1.52. The business has a 50-day simple moving average of $131.20 and a 200-day simple moving average of $152.48.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.13. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company posted $2.71 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts expect that SiteOne Landscape Supply, Inc. will post 3.19 EPS for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 878 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.04, for a total transaction of $113,297.12. Following the completion of the sale, the director now owns 11,267 shares in the company, valued at approximately $1,453,893.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

SITE has been the subject of a number of research reports. Royal Bank of Canada decreased their target price on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Robert W. Baird lowered their price objective on SiteOne Landscape Supply from $175.00 to $168.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. UBS Group dropped their target price on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Loop Capital reduced their price target on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, June 13th. Finally, Barclays dropped their price objective on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating on the stock in a report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, SiteOne Landscape Supply presently has a consensus rating of “Hold” and a consensus target price of $144.33.

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.