SiteOne Landscape Supply, Inc. $SITE Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 39.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 383,731 shares of the industrial products company’s stock after selling 245,298 shares during the quarter. American Century Companies Inc. owned 0.86% of SiteOne Landscape Supply worth $49,425,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SITE. Bamco Inc. NY increased its holdings in shares of SiteOne Landscape Supply by 14.2% in the second quarter. Bamco Inc. NY now owns 1,941,817 shares of the industrial products company’s stock valued at $234,843,000 after buying an additional 242,106 shares in the last quarter. State Street Corp grew its holdings in shares of SiteOne Landscape Supply by 1.7% in the 2nd quarter. State Street Corp now owns 777,354 shares of the industrial products company’s stock worth $94,013,000 after acquiring an additional 12,766 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of SiteOne Landscape Supply by 20.1% during the third quarter. Artisan Partners Limited Partnership now owns 538,556 shares of the industrial products company’s stock worth $69,366,000 after purchasing an additional 90,205 shares during the period. AQR Capital Management LLC raised its position in shares of SiteOne Landscape Supply by 743.5% during the second quarter. AQR Capital Management LLC now owns 441,192 shares of the industrial products company’s stock worth $52,440,000 after purchasing an additional 388,890 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of SiteOne Landscape Supply by 20.2% during the second quarter. JPMorgan Chase & Co. now owns 325,959 shares of the industrial products company’s stock valued at $39,422,000 after purchasing an additional 54,773 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SITE shares. Weiss Ratings reissued a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, January 21st. Barclays raised their target price on shares of SiteOne Landscape Supply from $134.00 to $150.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Royal Bank Of Canada boosted their price target on shares of SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Robert W. Baird set a $190.00 price objective on shares of SiteOne Landscape Supply in a research report on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, SiteOne Landscape Supply presently has a consensus rating of “Hold” and an average price target of $159.44.

Insider Activity at SiteOne Landscape Supply

In other news, EVP Eric J. Elema sold 1,765 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $158.01, for a total value of $278,887.65. Following the completion of the sale, the executive vice president directly owned 2,911 shares of the company’s stock, valued at approximately $459,967.11. This represents a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $135.31 on Friday. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $168.56. The stock’s 50-day moving average is $143.50 and its two-hundred day moving average is $135.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.47 and a quick ratio of 1.20. The firm has a market cap of $6.02 billion, a P/E ratio of 40.27, a PEG ratio of 1.80 and a beta of 1.59.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.09. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.28%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.48) earnings per share. Analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.