JPMorgan Chase & Co. Has $39.42 Million Position in SiteOne Landscape Supply, Inc. $SITE

JPMorgan Chase & Co. boosted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 20.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 325,959 shares of the industrial products company’s stock after acquiring an additional 54,773 shares during the period. JPMorgan Chase & Co. owned 0.73% of SiteOne Landscape Supply worth $39,422,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP boosted its position in shares of SiteOne Landscape Supply by 61.2% in the 2nd quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 90 shares during the last quarter. Brooklyn Investment Group bought a new position in SiteOne Landscape Supply during the first quarter worth about $32,000. NewEdge Advisors LLC grew its position in shares of SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after buying an additional 107 shares during the period. Parallel Advisors LLC increased its stake in shares of SiteOne Landscape Supply by 49.5% in the 2nd quarter. Parallel Advisors LLC now owns 562 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 186 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of SiteOne Landscape Supply in the 1st quarter valued at approximately $69,000.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE opened at $132.94 on Tuesday. The company has a fifty day moving average price of $126.38 and a 200 day moving average price of $129.08. The firm has a market cap of $5.92 billion, a PE ratio of 43.16, a PEG ratio of 2.18 and a beta of 1.60. The company has a current ratio of 2.49, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $156.93.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.09. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share. Research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SITE shares. Loop Capital raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their target price for the company from $150.00 to $160.00 in a research note on Friday, September 19th. The Goldman Sachs Group lowered their price objective on shares of SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, October 8th. Stifel Nicolaus set a $140.00 target price on SiteOne Landscape Supply in a research note on Monday, November 17th. Finally, Zacks Research raised SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $152.10.

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.