Raymond James Trust N.A. Trims Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Posted by on Apr 26th, 2023

Raymond James Trust N.A. reduced its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,411 shares of the industrial products company’s stock after selling 333 shares during the quarter. Raymond James Trust N.A.’s holdings in SiteOne Landscape Supply were worth $283,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in SiteOne Landscape Supply by 7.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,466 shares of the industrial products company’s stock worth $759,000 after buying an additional 474 shares during the period. Legato Capital Management LLC bought a new stake in shares of SiteOne Landscape Supply during the fourth quarter valued at about $833,000. Pembroke Management LTD raised its position in SiteOne Landscape Supply by 12.0% in the fourth quarter. Pembroke Management LTD now owns 227,678 shares of the industrial products company’s stock worth $26,711,000 after acquiring an additional 24,378 shares in the last quarter. Advisor OS LLC raised its position in SiteOne Landscape Supply by 28.4% in the fourth quarter. Advisor OS LLC now owns 6,603 shares of the industrial products company’s stock worth $775,000 after acquiring an additional 1,460 shares in the last quarter. Finally, Atria Investments Inc raised its position in SiteOne Landscape Supply by 10.5% in the fourth quarter. Atria Investments Inc now owns 21,627 shares of the industrial products company’s stock worth $2,537,000 after acquiring an additional 2,060 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com cut shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Tuesday. Loop Capital raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Monday, April 10th. TheStreet raised SiteOne Landscape Supply from a “c+” rating to a “b-” rating in a research note on Tuesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their target price on SiteOne Landscape Supply from $126.00 to $163.00 in a research note on Thursday, February 16th. Finally, Truist Financial lifted their target price on SiteOne Landscape Supply from $127.00 to $157.00 and gave the company a “hold” rating in a research note on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and an average price target of $151.70.

SiteOne Landscape Supply Price Performance

Shares of SITE stock opened at $141.35 on Wednesday. The stock’s fifty day moving average is $139.70 and its 200-day moving average is $130.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.99 and a current ratio of 2.36. The stock has a market capitalization of $6.36 billion, a PE ratio of 26.42 and a beta of 1.45. SiteOne Landscape Supply, Inc. has a 52 week low of $97.36 and a 52 week high of $165.32.

SiteOne Landscape Supply (NYSE:SITE – Get Rating) last issued its quarterly earnings results on Wednesday, February 15th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.15). SiteOne Landscape Supply had a net margin of 6.11% and a return on equity of 19.75%. The firm had revenue of $890.00 million for the quarter, compared to analyst estimates of $895.05 million. During the same period last year, the company earned $0.60 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. Equities research analysts expect that SiteOne Landscape Supply, Inc. will post 4.22 EPS for the current fiscal year.

SiteOne Landscape Supply Company Profile

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SiteOne Landscape Supply, Inc engages in the distribution of landscape supplies and residential. Its products include hardscapes, landscape accessories, nursery goods, outdoor lighting, and ice melt products to green industry professionals. The company was founded in 2001 and is headquartered in Roswell, GA.

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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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