Blair William & Co. IL Trims Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Blair William & Co. IL cut its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,781 shares of the industrial products company’s stock after selling 2,692 shares during the period. Blair William & Co. IL owned about 0.10% of SiteOne Landscape Supply worth $5,315,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC raised its stake in shares of SiteOne Landscape Supply by 7.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,067 shares of the industrial products company’s stock worth $372,000 after buying an additional 216 shares during the period. Dimensional Fund Advisors LP raised its stake in SiteOne Landscape Supply by 10.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 568,349 shares of the industrial products company’s stock worth $69,007,000 after acquiring an additional 53,131 shares during the period. Envestnet Asset Management Inc. lifted its holdings in SiteOne Landscape Supply by 8.1% during the second quarter. Envestnet Asset Management Inc. now owns 339,271 shares of the industrial products company’s stock valued at $41,191,000 after purchasing an additional 25,391 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in SiteOne Landscape Supply by 36.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 30,299 shares of the industrial products company’s stock valued at $3,679,000 after purchasing an additional 8,148 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new position in shares of SiteOne Landscape Supply in the second quarter worth approximately $509,000.

SiteOne Landscape Supply Stock Performance

Shares of NYSE:SITE opened at $149.18 on Friday. The firm has a fifty day simple moving average of $138.72 and a two-hundred day simple moving average of $147.84. SiteOne Landscape Supply, Inc. has a 52 week low of $114.60 and a 52 week high of $188.01. The company has a quick ratio of 1.10, a current ratio of 2.47 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $6.73 billion, a P/E ratio of 43.24 and a beta of 1.53.

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

Insider Buying and Selling

In other news, Director Fred M. Diaz sold 878 shares of the 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 available at this hyperlink. 2.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial lifted their target price on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. UBS Group cut their target price on 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. StockNews.com cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Royal Bank of Canada cut their price objective on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. Finally, Loop Capital lowered their target price on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, June 13th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $144.33.

About SiteOne Landscape Supply

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.