SiteOne Landscape Supply, Inc. $SITE Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 3.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,569 shares of the industrial products company’s stock after selling 1,278 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.07% of SiteOne Landscape Supply worth $3,939,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of SiteOne Landscape Supply by 12.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,079,615 shares of the industrial products company’s stock valued at $738,309,000 after buying an additional 660,081 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in SiteOne Landscape Supply by 31.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,092,742 shares of the industrial products company’s stock valued at $254,143,000 after purchasing an additional 494,737 shares during the last quarter. Jackson Square Partners LLC boosted its position in SiteOne Landscape Supply by 2,732.2% during the first quarter. Jackson Square Partners LLC now owns 176,755 shares of the industrial products company’s stock valued at $21,465,000 after purchasing an additional 170,514 shares during the last quarter. Invesco Ltd. boosted its position in SiteOne Landscape Supply by 108.8% during the first quarter. Invesco Ltd. now owns 309,504 shares of the industrial products company’s stock valued at $37,586,000 after purchasing an additional 161,263 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in SiteOne Landscape Supply by 21.3% during the first quarter. Ameriprise Financial Inc. now owns 773,358 shares of the industrial products company’s stock valued at $93,913,000 after purchasing an additional 135,949 shares during the last quarter.

SiteOne Landscape Supply Stock Down 1.6%

Shares of SITE opened at $122.98 on Wednesday. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 44.88, a PEG ratio of 2.09 and a beta of 1.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.06 and a current ratio of 2.41. The business’s fifty day moving average price is $137.97 and its two-hundred day moving average price is $126.59. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $160.74.

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

Analyst Ratings Changes

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

Insider Buying and Selling at SiteOne Landscape Supply

In other news, CEO Doug Black sold 29,760 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $129.28, for a total value of $3,847,372.80. Following the transaction, the chief executive officer owned 596,684 shares of the company’s stock, valued at $77,139,307.52. This represents a 4.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by company insiders.

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.