Wealth Enhancement Advisory Services LLC Has $1.92 Million Stock Holdings in SiteOne Landscape Supply, Inc. $SITE

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 94.4% during the fourth quarter, HoldingsChannel reports. The fund owned 14,744 shares of the industrial products company’s stock after purchasing an additional 7,160 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in SiteOne Landscape Supply were worth $1,915,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HM Payson & Co. raised its stake in shares of SiteOne Landscape Supply by 32.2% during the third quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 97 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 107 shares during the last quarter. Danske Bank A S bought a new stake in shares of SiteOne Landscape Supply in the third quarter worth $52,000. Bessemer Group Inc. increased its holdings in SiteOne Landscape Supply by 276.5% in the third quarter. Bessemer Group Inc. now owns 448 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 329 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in SiteOne Landscape Supply by 145.2% in the second quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 270 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Truist Financial lifted their target price on SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Barclays increased their price target on SiteOne Landscape Supply from $134.00 to $150.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Royal Bank Of Canada lifted their price objective on SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, January 21st. Finally, Robert W. Baird set a $190.00 target price on shares of SiteOne Landscape Supply in a research report on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $162.50.

Insider Activity at SiteOne Landscape Supply

In related news, EVP Eric J. Elema sold 1,765 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $158.01, for a total transaction of $278,887.65. Following the sale, the executive vice president owned 2,911 shares in the company, valued at $459,967.11. This represents a 37.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by insiders.

SiteOne Landscape Supply Price Performance

SITE stock opened at $126.92 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.47 and a debt-to-equity ratio of 0.29. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 1.64 and a beta of 1.57. The company’s fifty day simple moving average is $140.92 and its 200 day simple moving average is $133.74. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.09. SiteOne Landscape Supply had a return on equity of 9.28% and a net margin of 3.23%.The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business posted ($0.48) EPS. The business’s revenue was up 3.2% compared to the same quarter last year. On average, analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.