Wealth Enhancement Advisory Services LLC Sells 409 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Wealth Enhancement Advisory Services LLC cut its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 19.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,722 shares of the industrial products company’s stock after selling 409 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in SiteOne Landscape Supply were worth $227,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of SiteOne Landscape Supply by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company’s stock valued at $548,503,000 after purchasing an additional 49,256 shares during the last quarter. Wasatch Advisors LP grew its position in SiteOne Landscape Supply by 9.7% during the 4th quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company’s stock worth $228,107,000 after acquiring an additional 153,447 shares during the last quarter. Bamco Inc. NY grew its position in SiteOne Landscape Supply by 4.6% during the 4th quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company’s stock worth $217,786,000 after acquiring an additional 72,430 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in SiteOne Landscape Supply by 6.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company’s stock worth $210,570,000 after acquiring an additional 91,719 shares during the last quarter. Finally, Geneva Capital Management LLC grew its position in SiteOne Landscape Supply by 13.9% during the 4th quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company’s stock worth $93,938,000 after acquiring an additional 86,793 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SITE. Barclays reduced their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus reduced their price target on SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. Wall Street Zen upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a “hold” rating and a $135.00 price target on the stock. Finally, Loop Capital reduced their price target on SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $145.70.

SiteOne Landscape Supply Trading Up 0.6%

NYSE SITE opened at $119.47 on Tuesday. The stock has a market cap of $5.35 billion, a P/E ratio of 44.41 and a beta of 1.56. 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 50 day simple moving average of $118.19 and a two-hundred day simple moving average of $128.03. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $160.75.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.11). The firm had revenue of $939.40 million during the quarter, compared to analysts’ expectations of $933.90 million. SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.43) EPS. On average, analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current 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.