NorthCrest Asset Manangement LLC Makes New $529,000 Investment in SiteOne Landscape Supply, Inc. $SITE

NorthCrest Asset Manangement LLC purchased a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,032 shares of the industrial products company’s stock, valued at approximately $529,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. boosted its stake in SiteOne Landscape Supply by 72.7% in the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $27,000 after buying an additional 88 shares in the last quarter. Parallel Advisors LLC lifted its stake in SiteOne Landscape Supply by 15.6% in the 1st quarter. Parallel Advisors LLC now owns 652 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 88 shares during the last quarter. Basecamp Wealth Advisors LLC lifted its stake in SiteOne Landscape Supply by 219.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 127 shares during the last quarter. Mitchell & Pahl Private Wealth LLC boosted its position in SiteOne Landscape Supply by 3.0% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 6,091 shares of the industrial products company’s stock valued at $811,000 after buying an additional 176 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in SiteOne Landscape Supply by 10.2% in the first quarter. Hsbc Holdings PLC now owns 2,080 shares of the industrial products company’s stock valued at $277,000 after buying an additional 192 shares in the last quarter.

Insiders Place Their Bets

In other news, CEO Doug Black bought 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of $102.03 per share, for a total transaction of $816,240.00. Following the completion of the acquisition, the chief executive officer directly owned 8,000 shares in the company, valued at approximately $816,240. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.10% of the stock is owned by corporate insiders.

SiteOne Landscape Supply Trading Up 0.6%

Shares of SiteOne Landscape Supply stock traded up $0.57 during midday trading on Friday, reaching $94.84. The company had a trading volume of 1,014,008 shares, compared to its average volume of 996,644. The stock has a fifty day moving average price of $93.69 and a 200 day moving average price of $107.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 1.01. The firm has a market cap of $4.14 billion, a PE ratio of 25.98, a P/E/G ratio of 1.44 and a beta of 1.38. SiteOne Landscape Supply, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the company posted $2.86 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.92 earnings per share for the current year.

Analysts Set New Price Targets

SITE has been the subject of several research reports. KeyCorp dropped their target price on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. UBS Group dropped their price objective on shares of SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Weiss Ratings downgraded shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, September 18th. William Blair reiterated a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 7th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $100.00 target price (down from $153.00) on shares of SiteOne Landscape Supply in a report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and an average target price of $121.00.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply, Inc is a wholesale distributor of landscape and outdoor living products serving professional customers across the United States and Canada. The company supplies landscape contractors, landscape designers, irrigation professionals, golf course managers, government agencies and other green-industry businesses through a network of distribution centers and branches.

Its product portfolio includes irrigation and outdoor lighting equipment, nursery products, turf and landscape maintenance supplies, fertilizers and other agronomic products, hardscape materials, outdoor living products, and golf course maintenance supplies.