Buckhead Capital Management LLC Increases Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Buckhead Capital Management LLC increased its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 8.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,230 shares of the industrial products company’s stock after buying an additional 174 shares during the quarter. Buckhead Capital Management LLC’s holdings in SiteOne Landscape Supply were worth $294,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Tidal Investments LLC increased its position in SiteOne Landscape Supply by 1.5% in the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock worth $780,000 after buying an additional 77 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 100 shares during the period. Arkadios Wealth Advisors increased its holdings in SiteOne Landscape Supply by 6.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock worth $278,000 after acquiring an additional 106 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in SiteOne Landscape Supply by 5.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,131 shares of the industrial products company’s stock valued at $322,000 after acquiring an additional 113 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in SiteOne Landscape Supply by 2.3% during the third quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company’s stock valued at $797,000 after purchasing an additional 119 shares during the last quarter.

SiteOne Landscape Supply Price Performance

Shares of SiteOne Landscape Supply stock opened at $141.19 on Friday. The firm has a market capitalization of $6.37 billion, a PE ratio of 45.69 and a beta of 1.57. The business’s 50-day moving average price is $138.24 and its 200-day moving average price is $141.45. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. 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 announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. Sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares in the company, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on SITE shares. StockNews.com downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Thursday. Royal Bank of Canada upped their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research report on Thursday. UBS Group decreased their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a report on Thursday. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price target for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Finally, Robert W. Baird lowered their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $154.56.

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.