SiteOne Landscape Supply, Inc. (NYSE:SITE) Position Decreased by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,140,694 shares of the industrial products company’s stock after selling 21,884 shares during the period. Vanguard Group Inc. owned approximately 9.24% of SiteOne Landscape Supply worth $502,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Bamco Inc. NY boosted its position in shares of 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 valued at $217,786,000 after purchasing an additional 72,430 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of 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 valued at $210,570,000 after purchasing an additional 91,719 shares in the last quarter. Conestoga Capital Advisors LLC boosted its position in shares of SiteOne Landscape Supply by 1.4% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,183,574 shares of the industrial products company’s stock valued at $143,733,000 after purchasing an additional 16,120 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of SiteOne Landscape Supply by 12.9% during the 4th quarter. Ameriprise Financial Inc. now owns 637,409 shares of the industrial products company’s stock valued at $83,989,000 after purchasing an additional 73,010 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of SiteOne Landscape Supply by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 631,328 shares of the industrial products company’s stock valued at $83,190,000 after purchasing an additional 27,409 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have commented on SITE. Royal Bank Of Canada raised 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 report on Thursday, July 31st. Truist Financial decreased their target price on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Wall Street Zen upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Stifel Nicolaus decreased their target price on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating for the company in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $147.00.

SiteOne Landscape Supply Stock Down 3.3%

SITE stock opened at $141.42 on Friday. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $160.74. The company has a quick ratio of 1.06, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 51.61, a PEG ratio of 2.44 and a beta of 1.54. The company has a 50 day moving average of $127.83 and a two-hundred day moving average of $125.08.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.03). SiteOne Landscape Supply had a return on equity of 7.80% and a net margin of 2.69%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company earned $2.63 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Buying and Selling

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

SiteOne Landscape Supply Profile

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.