Northwestern Mutual Wealth Management Co. Grows Stock Position in SiteOne Landscape Supply, Inc. $SITE

Northwestern Mutual Wealth Management Co. increased its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2,843.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,629 shares of the industrial products company’s stock after acquiring an additional 17,030 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in SiteOne Landscape Supply were worth $2,062,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wasatch Advisors LP lifted its position in SiteOne Landscape Supply by 11.4% during the third quarter. Wasatch Advisors LP now owns 2,177,446 shares of the industrial products company’s stock worth $280,455,000 after buying an additional 222,959 shares in the last quarter. Bamco Inc. NY lifted its position in SiteOne Landscape Supply by 1.3% during the third quarter. Bamco Inc. NY now owns 1,966,876 shares of the industrial products company’s stock worth $253,334,000 after buying an additional 25,059 shares in the last quarter. 59 North Capital Management LP purchased a new position in SiteOne Landscape Supply during the third quarter worth approximately $214,417,000. Capital World Investors lifted its position in SiteOne Landscape Supply by 3.3% during the third quarter. Capital World Investors now owns 1,016,671 shares of the industrial products company’s stock worth $130,947,000 after buying an additional 32,682 shares in the last quarter. Finally, State Street Corp lifted its position in SiteOne Landscape Supply by 1.7% during the second quarter. State Street Corp now owns 777,354 shares of the industrial products company’s stock worth $94,013,000 after buying an additional 12,766 shares in the last quarter.

SiteOne Landscape Supply Price Performance

SITE stock opened at $113.29 on Wednesday. The business has a fifty day moving average of $129.29 and a two-hundred day moving average of $134.31. The company has a quick ratio of 0.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.39. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 1.48 and a beta of 1.42. SiteOne Landscape Supply, Inc. has a 52-week low of $109.10 and a 52-week high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.27). The business had revenue of $940.10 million for the quarter, compared to analyst estimates of $982.27 million. SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.SiteOne Landscape Supply’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business earned ($0.61) EPS. As a group, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Zacks Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Bank of America reduced their price objective on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Weiss Ratings downgraded SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Truist Financial lifted their price objective on SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $160.10.

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.