SiteOne Landscape Supply, Inc. $SITE Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2,843.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,629 shares of the industrial products company’s stock after acquiring an additional 17,030 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SiteOne Landscape Supply were worth $2,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wasatch Advisors LP grew its holdings 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 acquiring an additional 222,959 shares during the period. Bamco Inc. NY grew its holdings 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 acquiring an additional 25,059 shares during the period. 59 North Capital Management LP acquired a new stake in SiteOne Landscape Supply during the third quarter worth about $214,417,000. Capital World Investors grew its holdings 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 acquiring an additional 32,682 shares during the period. Finally, State Street Corp grew its holdings 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 acquiring an additional 12,766 shares during the period.

Analysts Set New Price Targets

Several research firms recently commented on SITE. Weiss Ratings lowered SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Thursday, April 30th. UBS Group began coverage on SiteOne Landscape Supply in a research report on Friday, April 10th. They set a “neutral” rating and a $140.00 price target on the stock. Truist Financial increased their price target 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, Robert W. Baird set a $160.00 price target on SiteOne Landscape Supply in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $160.10.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $113.29 on Wednesday. The company has a market capitalization of $5.02 billion, a P/E ratio of 33.62, a P/E/G ratio of 1.48 and a beta of 1.42. The business’s 50 day moving average is $129.29 and its two-hundred day moving average is $134.31. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. SiteOne Landscape Supply, Inc. has a 12-month low of $109.10 and a 12-month high of $168.56.

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

About SiteOne Landscape Supply

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.