TD Private Client Wealth LLC Lowers Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

TD Private Client Wealth LLC lowered its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,291 shares of the industrial products company’s stock after selling 100 shares during the quarter. TD Private Client Wealth LLC’s holdings in SiteOne Landscape Supply were worth $1,553,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Algert Global LLC boosted its position in SiteOne Landscape Supply by 375.4% during the third quarter. Algert Global LLC now owns 29,506 shares of the industrial products company’s stock worth $4,453,000 after purchasing an additional 23,300 shares in the last quarter. Holocene Advisors LP boosted its position in SiteOne Landscape Supply by 38.2% during the third quarter. Holocene Advisors LP now owns 51,625 shares of the industrial products company’s stock worth $7,791,000 after purchasing an additional 14,269 shares in the last quarter. Swedbank AB raised its holdings in shares of SiteOne Landscape Supply by 6.3% during the second quarter. Swedbank AB now owns 102,000 shares of the industrial products company’s stock valued at $12,384,000 after acquiring an additional 6,000 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of SiteOne Landscape Supply by 4.7% during the second quarter. The Manufacturers Life Insurance Company now owns 10,026 shares of the industrial products company’s stock valued at $1,217,000 after acquiring an additional 447 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of SiteOne Landscape Supply by 130.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 198,214 shares of the industrial products company’s stock valued at $24,065,000 after acquiring an additional 112,362 shares during the last quarter.

Insider Transactions at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the transaction, the executive vice president now directly owns 12,942 shares in the company, 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 filing with the SEC, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

SITE has been the subject of a number of research analyst reports. Barclays increased their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. Robert W. Baird increased their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their target price for the company from $145.00 to $175.00 in a report on Friday, December 6th. Finally, The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They set a “neutral” rating and a $158.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $156.44.

SiteOne Landscape Supply Price Performance

NYSE:SITE opened at $145.09 on Friday. The stock has a 50 day moving average price of $146.26 and a 200 day moving average price of $140.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The stock has a market cap of $6.55 billion, a PE ratio of 46.95 and a beta of 1.54. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.21). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. SiteOne Landscape Supply’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $1.25 EPS. Equities research analysts expect that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current fiscal year.

About SiteOne Landscape Supply

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.