SiteOne Landscape Supply, Inc. $SITE Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC cut its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 4.3% during the first quarter, HoldingsChannel.com reports. The firm owned 119,082 shares of the industrial products company’s stock after selling 5,292 shares during the period. WCM Investment Management LLC’s holdings in SiteOne Landscape Supply were worth $15,479,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Man Group plc boosted its position in shares of SiteOne Landscape Supply by 0.4% in the 2nd quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock worth $2,702,000 after purchasing an additional 86 shares in the last quarter. Whittier Trust Co. increased its position in SiteOne Landscape Supply by 72.7% during the 1st quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $27,000 after buying an additional 88 shares in the last quarter. Parallel Advisors LLC increased its position in SiteOne Landscape Supply by 15.6% during the 1st quarter. Parallel Advisors LLC now owns 652 shares of the industrial products company’s stock valued at $87,000 after buying an additional 88 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in SiteOne Landscape Supply by 0.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 16,928 shares of the industrial products company’s stock valued at $2,109,000 after buying an additional 89 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in SiteOne Landscape Supply by 36.6% in the first 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.

SiteOne Landscape Supply Trading Down 0.8%

NYSE SITE opened at $102.86 on Tuesday. SiteOne Landscape Supply, Inc. has a 1 year low of $100.52 and a 1 year high of $168.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96. The company has a market capitalization of $4.56 billion, a PE ratio of 30.52, a P/E/G ratio of 1.40 and a beta of 1.34. The company has a fifty day moving average of $109.69 and a 200 day moving average of $128.64.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.27). The company had revenue of $940.10 million for the quarter, compared to analyst estimates of $982.27 million. SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.SiteOne Landscape Supply’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.61) earnings per share. Research analysts forecast that SiteOne Landscape Supply, Inc. will post 4.02 earnings per share for the current year.

Insider Activity at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 562 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $112.52, for a total transaction of $63,236.24. Following the sale, the director directly owned 11,267 shares of the company’s stock, valued at $1,267,762.84. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SITE. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Thursday, April 30th. UBS Group restated a “neutral” rating on shares of SiteOne Landscape Supply in a report on Thursday, June 25th. KeyCorp initiated coverage on shares of SiteOne Landscape Supply in a research report on Monday, July 13th. They issued an “overweight” rating and a $145.00 price objective for the company. Bank of America lowered their target price on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Finally, Robert W. Baird set a $160.00 target price on shares of SiteOne Landscape Supply in a research report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $156.64.

About SiteOne Landscape Supply

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.