HB Wealth Management LLC Sells 84 Shares of SiteOne Landscape Supply, Inc. $SITE

HB Wealth Management LLC cut its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,501 shares of the industrial products company’s stock after selling 84 shares during the period. HB Wealth Management LLC’s holdings in SiteOne Landscape Supply were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC increased its stake in shares of SiteOne Landscape Supply by 22.3% in the 1st quarter. OneDigital Investment Advisors LLC now owns 1,877 shares of the industrial products company’s stock valued at $228,000 after buying an additional 342 shares during the period. Teacher Retirement System of Texas increased its position in SiteOne Landscape Supply by 124.5% in the first quarter. Teacher Retirement System of Texas now owns 8,886 shares of the industrial products company’s stock worth $1,079,000 after purchasing an additional 4,927 shares during the period. GAMMA Investing LLC raised its holdings 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 worth $59,000 after purchasing an additional 95 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in SiteOne Landscape Supply by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 555,858 shares of the industrial products company’s stock valued at $67,503,000 after purchasing an additional 2,951 shares during the period. Finally, TD Asset Management Inc boosted its stake in shares of SiteOne Landscape Supply by 18.3% in the 1st quarter. TD Asset Management Inc now owns 61,389 shares of the industrial products company’s stock valued at $7,455,000 after purchasing an additional 9,496 shares during the last quarter.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $127.45 on Monday. The company has a current ratio of 2.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.35. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $160.74. The firm’s fifty day moving average price is $138.21 and its two-hundred day moving average price is $126.60. The firm has a market capitalization of $5.69 billion, a P/E ratio of 46.51, a price-to-earnings-growth ratio of 2.13 and a beta of 1.59.

SiteOne Landscape Supply (NYSE:SITE) last issued 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). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. SiteOne Landscape Supply had a return on equity of 7.80% and a net margin of 2.69%.The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business earned $2.63 earnings per share. As a group, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Loop Capital raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price target for the stock from $150.00 to $160.00 in a research note on Friday, September 19th. Wall Street Zen upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Zacks Research lowered SiteOne Landscape Supply from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Saturday, September 27th. Finally, Royal Bank Of Canada increased their target price 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. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $150.50.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, CEO Doug Black sold 7,384 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $79,312,912.14. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.60% of the company’s stock.

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.