SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Bought by TD Asset Management Inc

TD Asset Management Inc increased its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 18.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,389 shares of the industrial products company’s stock after purchasing an additional 9,496 shares during the period. TD Asset Management Inc owned 0.14% of SiteOne Landscape Supply worth $7,455,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. HM Payson & Co. purchased a new position in SiteOne Landscape Supply during the 1st quarter worth approximately $25,000. Golden State Wealth Management LLC increased its holdings in shares of SiteOne Landscape Supply by 106.1% during the 1st quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 139 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of SiteOne Landscape Supply during the 4th quarter valued at approximately $40,000. Brown Brothers Harriman & Co. increased its holdings in shares of SiteOne Landscape Supply by 395.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 273 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of SiteOne Landscape Supply by 24.3% during the 1st quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 95 shares in the last quarter.

SiteOne Landscape Supply Trading Down 3.2%

Shares of SITE stock opened at $137.61 on Friday. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $160.74. The stock has a market cap of $6.17 billion, a P/E ratio of 50.22, a P/E/G ratio of 2.57 and a beta of 1.55. The business has a fifty day simple moving average of $123.99 and a 200-day simple moving average of $125.51. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.39.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.03). SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.86%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the business earned $2.63 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SITE has been the subject of several recent analyst reports. Barclays cut their price target on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. Royal Bank Of Canada lifted their target price on shares of SiteOne Landscape Supply from $130.00 to $143.00 and gave the stock a “sector perform” rating in a research note on Thursday. Stifel Nicolaus lowered their target price on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating on the stock in a research note on Monday, April 28th. Wall Street Zen raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Loop Capital lowered their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply has a consensus rating of “Hold” and a consensus price target of $147.00.

Insider Transactions at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 39,640 shares of SiteOne Landscape Supply stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $126.28, for a total transaction of $5,005,739.20. Following the completion of the sale, the executive vice president owned 13,663 shares in the company, valued at approximately $1,725,363.64. This trade represents a 74.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Doug Black sold 7,384 shares of SiteOne Landscape Supply stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $132.09, for a total value of $975,352.56. Following the sale, the chief executive officer owned 600,446 shares of the company’s stock, valued at approximately $79,312,912.14. This represents a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,784 shares of company stock valued at $9,828,465. 2.60% of the stock is currently owned by company insiders.

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.