Royal Bank of Canada Sells 3,334 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Royal Bank of Canada lessened its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,997 shares of the industrial products company’s stock after selling 3,334 shares during the quarter. Royal Bank of Canada owned 0.43% of SiteOne Landscape Supply worth $20,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in SiteOne Landscape Supply by 24.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,736,347 shares of the industrial products company’s stock valued at $681,880,000 after purchasing an additional 1,120,359 shares during the period. BlackRock Inc. grew its stake in shares of SiteOne Landscape Supply by 17.4% during the 1st quarter. BlackRock Inc. now owns 3,394,331 shares of the industrial products company’s stock worth $548,828,000 after acquiring an additional 503,490 shares during the period. Impax Asset Management Group plc grew its stake in shares of SiteOne Landscape Supply by 16.0% during the 3rd quarter. Impax Asset Management Group plc now owns 837,755 shares of the industrial products company’s stock worth $87,244,000 after acquiring an additional 115,522 shares during the period. State Street Corp grew its stake in shares of SiteOne Landscape Supply by 1.6% during the 2nd quarter. State Street Corp now owns 669,308 shares of the industrial products company’s stock worth $79,561,000 after acquiring an additional 10,816 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in shares of SiteOne Landscape Supply by 14.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 658,846 shares of the industrial products company’s stock worth $78,317,000 after acquiring an additional 83,613 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Loop Capital increased their price target on SiteOne Landscape Supply from $140.00 to $155.00 and gave the stock a “hold” rating in a research note on Thursday, February 16th. TheStreet upgraded SiteOne Landscape Supply from a “c+” rating to a “b-” rating in a research note on Tuesday, January 24th. Royal Bank of Canada increased their price target on SiteOne Landscape Supply from $119.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 16th. Credit Suisse Group increased their price objective on SiteOne Landscape Supply from $127.00 to $157.00 and gave the stock a “hold” rating in a report on Thursday, February 16th. Finally, StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Saturday. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus price target of $151.70.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $148.58 on Monday. The business’s 50-day moving average price is $139.81 and its two-hundred day moving average price is $125.53. SiteOne Landscape Supply, Inc. has a twelve month low of $97.36 and a twelve month high of $184.19. The stock has a market cap of $6.68 billion, a P/E ratio of 27.77 and a beta of 1.44. The company has a quick ratio of 0.99, a current ratio of 2.36 and a debt-to-equity ratio of 0.30.

SiteOne Landscape Supply (NYSE:SITE – Get Rating) last released its quarterly earnings results on Wednesday, February 15th. The industrial products company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.15). The business had revenue of $890.00 million during the quarter, compared to analysts’ expectations of $895.05 million. SiteOne Landscape Supply had a net margin of 6.11% and a return on equity of 19.75%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. As a group, equities analysts predict that SiteOne Landscape Supply, Inc. will post 4.22 EPS for the current fiscal year.

SiteOne Landscape Supply Company Profile

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SiteOne Landscape Supply, Inc engages in the distribution of landscape supplies and residential. Its products include hardscapes, landscape accessories, nursery goods, outdoor lighting, and ice melt products to green industry professionals. The company was founded in 2001 and is headquartered in Roswell, GA.