Landscape Capital Management L.L.C. Sells 2,837 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Landscape Capital Management L.L.C. lessened its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 37.5% during the third quarter, Holdings Channel.com reports. The firm owned 4,730 shares of the industrial products company’s stock after selling 2,837 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in SiteOne Landscape Supply were worth $714,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SITE. Whittier Trust Co. of Nevada Inc. acquired a new stake in SiteOne Landscape Supply during the 2nd quarter valued at approximately $27,000. Toronto Dominion Bank acquired a new stake in shares of SiteOne Landscape Supply during the first quarter worth $29,000. Blue Trust Inc. raised its stake in SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after buying an additional 187 shares during the last quarter. American National Bank & Trust acquired a new position in SiteOne Landscape Supply in the third quarter valued at $49,000. Finally, Quarry LP bought a new stake in SiteOne Landscape Supply during the second quarter valued at $61,000.

Wall Street Analyst Weigh In

SITE has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on SiteOne Landscape Supply in a research note on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price objective on the stock. Barclays raised their price objective on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research report on Thursday, October 31st. Truist Financial boosted their target price on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada reduced their price target on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. Finally, StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $147.80.

Insider Buying and Selling

In related news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.

SiteOne Landscape Supply Stock Up 3.9 %

Shares of NYSE SITE opened at $148.77 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01. The stock has a market capitalization of $6.71 billion, a P/E ratio of 48.15 and a beta of 1.53. The company has a 50-day moving average price of $145.80 and a 200-day moving average price of $140.61.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current fiscal year.

SiteOne Landscape Supply Company 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.