Transatlantique Private Wealth LLC Has $705,000 Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Transatlantique Private Wealth LLC trimmed its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 17.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,806 shares of the industrial products company’s stock after selling 1,200 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in SiteOne Landscape Supply were worth $705,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SITE. MJP Associates Inc. ADV lifted its stake in shares of SiteOne Landscape Supply by 5.7% during the 2nd quarter. MJP Associates Inc. ADV now owns 1,707 shares of the industrial products company’s stock worth $207,000 after buying an additional 92 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of SiteOne Landscape Supply by 5.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company’s stock worth $245,000 after acquiring an additional 98 shares during the period. Equitable Trust Co. boosted its holdings in shares of SiteOne Landscape Supply by 3.0% during the second quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company’s stock worth $432,000 after acquiring an additional 103 shares during the period. iA Global Asset Management Inc. grew its position in shares of SiteOne Landscape Supply by 7.9% in the first quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 127 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC increased its stake in shares of SiteOne Landscape Supply by 3.5% during the second quarter. Mitchell & Pahl Private Wealth LLC now owns 4,341 shares of the industrial products company’s stock worth $527,000 after purchasing an additional 148 shares during the period.

Insider Activity

In related news, Director Fred M. Diaz sold 878 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $129.04, for a total value of $113,297.12. Following the sale, the director now owns 11,267 shares of the company’s stock, valued at $1,453,893.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on SITE shares. Jefferies Financial Group decreased their price objective on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Loop Capital dropped their price objective on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, June 13th. Royal Bank of Canada decreased their target price on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. UBS Group dropped their price target on shares of SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Finally, Robert W. Baird cut their price target on SiteOne Landscape Supply from $175.00 to $168.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $144.33.

SiteOne Landscape Supply Stock Down 2.8 %

NYSE SITE opened at $149.19 on Friday. The business has a fifty day moving average price of $138.72 and a two-hundred day moving average price of $148.00. The stock has a market capitalization of $6.73 billion, a PE ratio of 43.24 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.50 by $0.13. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.71 EPS. Equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.19 earnings per share for the current fiscal year.

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.