Cibc World Market Inc. Reduces Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Cibc World Market Inc. cut its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITEGet Rating) by 6.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,185 shares of the industrial products company’s stock after selling 659 shares during the quarter. Cibc World Market Inc.’s holdings in SiteOne Landscape Supply were worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SITE. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of SiteOne Landscape Supply by 184.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 213 shares of the industrial products company’s stock valued at $25,000 after buying an additional 138 shares in the last quarter. Bartlett & Co. LLC acquired a new position in SiteOne Landscape Supply during the second quarter worth $25,000. Signaturefd LLC raised its holdings in SiteOne Landscape Supply by 1,156.3% during the first quarter. Signaturefd LLC now owns 201 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 185 shares during the last quarter. Castle Wealth Management LLC acquired a new position in shares of SiteOne Landscape Supply in the second quarter worth $33,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of SiteOne Landscape Supply by 1,187.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 296 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 273 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on SITE. Stifel Nicolaus dropped their target price on SiteOne Landscape Supply from $120.00 to $110.00 in a research note on Monday, October 31st. StockNews.com started coverage on SiteOne Landscape Supply in a research report on Wednesday, October 12th. They set a “hold” rating for the company. UBS Group lowered their price target on SiteOne Landscape Supply from $165.00 to $152.00 and set a “neutral” rating for the company in a research report on Thursday, August 4th. Royal Bank of Canada decreased their target price on SiteOne Landscape Supply from $126.00 to $116.00 and set a “sector perform” rating for the company in a research report on Thursday, November 3rd. Finally, Robert W. Baird increased their price target on SiteOne Landscape Supply from $150.00 to $160.00 in a report on Thursday, November 3rd. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $144.13.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black sold 9,544 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $115.54, for a total transaction of $1,102,713.76. Following the completion of the transaction, the chief executive officer now directly owns 525,598 shares of the company’s stock, valued at approximately $60,727,592.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

SiteOne Landscape Supply Stock Up 0.1 %

Shares of SiteOne Landscape Supply stock opened at $120.22 on Monday. The company has a current ratio of 2.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.32. The business’s 50 day simple moving average is $112.44 and its 200-day simple moving average is $122.31. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 20.14 and a beta of 1.39. SiteOne Landscape Supply, Inc. has a twelve month low of $97.36 and a twelve month high of $254.01.

SiteOne Landscape Supply (NYSE:SITEGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.07. SiteOne Landscape Supply had a return on equity of 23.18% and a net margin of 6.97%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. Equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 5.51 earnings per share for the current year.

About SiteOne Landscape Supply

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SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 135,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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.

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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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