Vanguard Group Inc. Has $523.17 Million Stake in SiteOne Landscape Supply, Inc. $SITE

Vanguard Group Inc. cut its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 1.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,061,856 shares of the industrial products company’s stock after selling 52,188 shares during the period. Vanguard Group Inc. owned 0.09% of SiteOne Landscape Supply worth $523,167,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SITE. Allworth Financial LP lifted its position in shares of SiteOne Landscape Supply by 61.2% during the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 90 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of SiteOne Landscape Supply by 36.6% during the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 107 shares during the last quarter. HM Payson & Co. boosted its holdings in SiteOne Landscape Supply by 32.2% in the third quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 97 shares during the last quarter. Tower Research Capital LLC TRC increased its position in SiteOne Landscape Supply by 145.2% in the second quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 270 shares during the period. Finally, Bessemer Group Inc. lifted its position in SiteOne Landscape Supply by 276.5% during the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 329 shares during the period.

SiteOne Landscape Supply Stock Down 5.4%

Shares of SITE stock opened at $140.32 on Thursday. The firm’s fifty day moving average price is $141.87 and its two-hundred day moving average price is $135.39. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $168.56. The company has a current ratio of 2.47, a quick ratio of 1.20 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $6.24 billion, a P/E ratio of 41.76, a PEG ratio of 1.92 and a beta of 1.59.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.09. The firm 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%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.48) earnings per share. On average, equities analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Insider Activity at SiteOne Landscape Supply

In related news, EVP Eric J. Elema sold 1,765 shares of the company’s stock in a transaction dated 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 in the company, 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 SEC, which is accessible through this link. Insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

SITE has been the topic of a number of analyst reports. Truist Financial lifted their price objective on SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada upped their target price on shares of SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Robert W. Baird set a $190.00 price objective on shares of SiteOne Landscape Supply in a research report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, January 21st. Finally, Stifel Nicolaus set a $144.00 price target on SiteOne Landscape Supply in a research report on Monday, February 9th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, SiteOne Landscape Supply currently has an average rating of “Hold” and a consensus target price of $159.44.

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.