SiteOne Landscape Supply, Inc. $SITE Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. lessened its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 17.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,563 shares of the industrial products company’s stock after selling 550 shares during the quarter. Baird Financial Group Inc.’s holdings in SiteOne Landscape Supply were worth $311,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. HM Payson & Co. acquired a new stake in SiteOne Landscape Supply during the 1st quarter valued at approximately $25,000. Brooklyn Investment Group acquired a new stake in SiteOne Landscape Supply during the 1st quarter valued at approximately $32,000. Golden State Wealth Management LLC grew its stake in 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. Eastern Bank acquired a new stake in SiteOne Landscape Supply during the 1st quarter valued at approximately $38,000. Finally, GAMMA Investing LLC grew its stake in 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.

Insider Buying and Selling

In related news, CEO Doug Black sold 29,760 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $129.28, for a total transaction of $3,847,372.80. Following the completion of the transaction, the chief executive officer owned 596,684 shares in the company, valued at $77,139,307.52. The trade was a 4.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph Ketter sold 39,640 shares of the business’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 value of $5,005,739.20. Following the transaction, the executive vice president owned 13,663 shares of the company’s stock, valued at $1,725,363.64. This represents a 74.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,784 shares of company stock valued at $9,828,465 in the last 90 days. Insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada raised their price objective on SiteOne Landscape Supply from $130.00 to $143.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Wall Street Zen upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $147.00.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $141.86 on Friday. The business’s fifty day moving average price is $136.64 and its 200 day moving average price is $125.72. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $160.74. The stock has a market capitalization of $6.33 billion, a PE ratio of 51.77, a price-to-earnings-growth ratio of 2.39 and a beta of 1.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.06.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business earned $2.63 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

SiteOne Landscape Supply Company 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.