Blair William & Co. IL Sells 8,131 Shares of SiteOne Landscape Supply, Inc. $SITE

Blair William & Co. IL lessened its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 13.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,552 shares of the industrial products company’s stock after selling 8,131 shares during the period. Blair William & Co. IL owned 0.12% of SiteOne Landscape Supply worth $6,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SITE. Allworth Financial LP lifted its stake in shares of SiteOne Landscape Supply by 61.2% during the 2nd quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after buying an additional 90 shares during the last quarter. HM Payson & Co. grew its stake in SiteOne Landscape Supply by 32.2% in the 3rd quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock valued at $51,000 after buying an additional 97 shares during the last quarter. NewEdge Advisors LLC grew its stake in SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after buying an additional 107 shares during the last quarter. Bessemer Group Inc. raised its holdings in SiteOne Landscape Supply by 276.5% in the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 329 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in SiteOne Landscape Supply by 145.2% during the second quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 270 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays increased their target price on SiteOne Landscape Supply from $134.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, January 21st. Zacks Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Bank of America initiated coverage on SiteOne Landscape Supply in a report on Thursday, December 18th. They set a “buy” rating and a $147.00 target price for the company. Finally, Stifel Nicolaus set a $144.00 price target on shares of SiteOne Landscape Supply in a research note on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus price target of $159.44.

Insider Activity

In related news, EVP Eric J. Elema sold 1,765 shares of SiteOne Landscape Supply stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $158.01, for a total value of $278,887.65. Following the transaction, the executive vice president directly owned 2,911 shares of the company’s stock, valued at $459,967.11. This trade represents a 37.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply Stock Up 1.0%

Shares of NYSE SITE opened at $135.42 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.20 and a current ratio of 2.47. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $168.56. The stock has a market capitalization of $6.02 billion, a P/E ratio of 40.30, a PEG ratio of 1.73 and a beta of 1.59. The stock’s fifty day moving average is $143.90 and its 200 day moving average is $135.24.

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

SiteOne Landscape Supply Company 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.