SiteOne Landscape Supply, Inc. $SITE Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 4.5% during the 2nd quarter, Holdings Channel reports. The firm owned 40,520 shares of the industrial products company’s stock after selling 1,891 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in SiteOne Landscape Supply were worth $4,900,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. HM Payson & Co. acquired a new stake in SiteOne Landscape Supply in the first quarter valued at approximately $25,000. Brooklyn Investment Group acquired a new stake in shares of SiteOne Landscape Supply in the first quarter worth approximately $32,000. Golden State Wealth Management LLC boosted its stake in shares of SiteOne Landscape Supply by 106.1% in the first quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 139 shares during the last quarter. Eastern Bank acquired a new stake in shares of SiteOne Landscape Supply in the first quarter worth approximately $38,000. Finally, NewEdge Advisors LLC boosted 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 acquiring an additional 107 shares during the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of SiteOne Landscape Supply stock opened at $123.73 on Wednesday. SiteOne Landscape Supply, Inc. has a one year low of $101.25 and a one year high of $160.74. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 2.30 and a beta of 1.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.06 and a current ratio of 2.41. The business’s 50 day moving average price is $132.99 and its 200 day moving average price is $127.12.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.03). SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the firm earned $2.63 EPS. SiteOne Landscape Supply’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SITE shares. Zacks Research lowered SiteOne Landscape Supply from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. William Blair reaffirmed a “market perform” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 15th. Loop Capital raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price target for the stock from $150.00 to $160.00 in a research note on Friday, September 19th. The Goldman Sachs Group lowered their price target on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Finally, Royal Bank Of Canada lifted their price objective on SiteOne Landscape Supply from $130.00 to $143.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SiteOne Landscape Supply has an average rating of “Hold” and a consensus price target of $148.50.

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.