LVW Advisors LLC Has $480,000 Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

LVW Advisors LLC lessened its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 7.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,646 shares of the industrial products company’s stock after selling 296 shares during the quarter. LVW Advisors LLC’s holdings in SiteOne Landscape Supply were worth $480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in SiteOne Landscape Supply by 10.3% during the second quarter. Dimensional Fund Advisors LP now owns 568,349 shares of the industrial products company’s stock worth $69,007,000 after buying an additional 53,131 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of SiteOne Landscape Supply by 7.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,067 shares of the industrial products company’s stock worth $372,000 after acquiring an additional 216 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of SiteOne Landscape Supply by 20.3% in the 2nd quarter. Hsbc Holdings PLC now owns 4,563 shares of the industrial products company’s stock valued at $555,000 after purchasing an additional 769 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of SiteOne Landscape Supply during the 2nd quarter valued at about $7,540,000. Finally, Bridges Investment Management Inc. bought a new stake in shares of SiteOne Landscape Supply during the 2nd quarter valued at about $226,000.

SiteOne Landscape Supply Trading Up 3.0 %

NYSE SITE opened at $143.00 on Tuesday. 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 firm has a market capitalization of $6.45 billion, a P/E ratio of 46.28 and a beta of 1.56. The business has a fifty day simple moving average of $140.46 and a 200 day simple moving average of $140.52. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SITE. Barclays boosted their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Robert W. Baird increased their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. StockNews.com cut shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Monday. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price objective for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. Finally, The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus price target of $156.44.

Insider Activity

In related news, EVP Joseph Ketter sold 6,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

About SiteOne Landscape Supply

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.