“Raymond James Financial Services Advisors Invests $460,000 in SiteOne Landscape Supply,”
July 21, 2023
🌥️Trending News
SITEONE ($NYSE:SITE): Raymond James Financial Services Advisors Inc. recently announced that it has invested $460,000 in SiteOne Landscape Supply, Inc., a leading distributor and supplier of professional-grade landscape products in the United States. With this investment, Raymond James has acquired a stock position in SiteOne, which they are confident will bring them significant returns. The company specializes in working with landscape architects, contractors, and other professionals to provide quality products, services, and solutions to support their customers’ needs. SiteOne has an extensive product selection, which includes irrigation supplies, outdoor lighting, landscape rocks and stones, and more.
Additionally, they have an experienced team of professionals who offer knowledgeable advice and helpful service. Raymond James’ investment in SiteOne Landscape Supply, Inc. is a strong sign of their commitment to the company’s success. The company will continue to provide quality products and services to its customers and is sure to benefit from Raymond James’ financial backing. With Raymond James’ investment, SiteOne is sure to continue its success for many years to come.
Stock Price
As a result, the stock opened at $166.1 and closed at $166.3, a 0.3% decrease from its previous closing price of 166.8. This news was received with mixed reactions as some investors saw it as positive news, while others expressed their concern over the slightly lower closing price. Despite the slight decrease in the closing price, analysts remain optimistic about the potential for SITEONE LANDSCAPE SUPPLY’s future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SITE. More…
| Total Revenues | Net Income | Net Margin |
| 4.05k | 208.6 | 5.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SITE. More…
| Operations | Investing | Financing |
| 182.9 | -283 | 96.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SITE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.83k | 1.53k | 28.96 |
Key Ratios Snapshot
Some of the financial key ratios for SITE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.0% | 32.2% | 7.2% |
| FCF Margin | ROE | ROA |
| 3.6% | 14.0% | 6.4% |
Analysis
At GoodWhale, we’ve analyzed the financials of SITEONE LANDSCAPE SUPPLY and have given it a Risk Rating of ‘Medium’. This means that, while the company shows potential, it may be a risky investment in terms of financial and business aspects. When looking at the balance sheet specifically, we have detected one risk warning. It’s important to take this into consideration when considering whether or not to invest in this company. To find out more about the balance sheet risks we’ve identified, register on GoodWhale.com to get full access to our detailed financial analysis so you can make an informed decision. More…
Peers
The company offers a wide range of products, including irrigation supplies, nursery stock, landscape tools and accessories, and more. SiteOne Landscape Supply Inc competes with Hydrofarm Holdings Group Inc, MAX Co Ltd, Thorpe (F W) PLC, and others in the landscape supplies industry.
– Hydrofarm Holdings Group Inc ($NASDAQ:HYFM)
Hydrofarm Holdings Group Inc is a leading manufacturer and distributor of hydroponic equipment and supplies in the United States. The company has a market cap of 102.81M as of 2022 and a Return on Equity of -41.86%. Hydrofarm Holdings Group Inc is a publicly traded company on the NASDAQ stock exchange under the ticker symbol HYFG. The company’s products are used by commercial and hobbyist growers to produce fruits, vegetables, and herbs.
– MAX Co Ltd ($TSE:6454)
As of 2022, Daikin Industries, Ltd. has a market capitalization of 97.87 billion dollars and a return on equity of 7.15%. Daikin is a Japanese multinational air conditioning manufacturing company with headquarters in Osaka. The company makes a wide range of products including air conditioners, refrigerators, and chemicals. It also provides services such as installation, repair, and maintenance.
– Thorpe (F W) PLC ($LSE:TFW)
Thorpe (F W) PLC is a British engineering company. The company is headquartered in Derby, England. Thorpe (F W) PLC designs, manufactures, and supplies equipment and services for the rail, construction, and mining industries. The company’s products and services include locomotives, railway cars, and railway infrastructure. Thorpe (F W) PLC has a market cap of 474.63M as of 2022, a Return on Equity of 10.79%.
Summary
Raymond James Financial Services Advisors Inc. recently invested $460,000 in SiteOne Landscape Supply, Inc. This is a positive sign for investors, as it shows that the company is poised for growth in the near future. Analysts have noted that SiteOne has a strong customer base and a good portfolio of products and services. Moreover, the company’s financial performance has been steadily improving over the past few years. Furthermore, SiteOne has a well-established distribution network across many regions, allowing it to access larger markets.
Its operations are also efficient and cost-effective, allowing it to capitalize on its market reach. All these factors combined make SiteOne Landscape Supply a worthy investment option for those looking to capitalize on opportunities in the landscaping industry.
