Victory Capital Management Inc. Decreases Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Victory Capital Management Inc. lowered its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,748 shares of the industrial products company’s stock after selling 101 shares during the period. Victory Capital Management Inc.’s holdings in SiteOne Landscape Supply were worth $698,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SITE. Vanguard Group Inc. increased its position in shares of SiteOne Landscape Supply by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 4,158,085 shares of the industrial products company’s stock valued at $725,794,000 after purchasing an additional 23,362 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of SiteOne Landscape Supply by 2.5% in the second quarter. Conestoga Capital Advisors LLC now owns 1,141,624 shares of the industrial products company’s stock valued at $138,605,000 after acquiring an additional 28,265 shares during the period. Wasatch Advisors LP lifted its holdings in shares of SiteOne Landscape Supply by 47.8% in the 1st quarter. Wasatch Advisors LP now owns 986,602 shares of the industrial products company’s stock worth $172,211,000 after acquiring an additional 319,071 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of SiteOne Landscape Supply by 14.7% during the 4th quarter. Allianz Asset Management GmbH now owns 798,300 shares of the industrial products company’s stock worth $129,724,000 after purchasing an additional 102,207 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in SiteOne Landscape Supply by 9.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 488,130 shares of the industrial products company’s stock valued at $79,324,000 after purchasing an additional 42,894 shares during the last quarter.

SiteOne Landscape Supply Stock Performance

SITE stock opened at $149.18 on Friday. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. The business has a 50-day moving average price of $138.72 and a 200 day moving average price of $147.84. The company has a market capitalization of $6.73 billion, a P/E ratio of 43.24 and a beta of 1.53. 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, topping analysts’ consensus estimates of $2.50 by $0.13. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the firm posted $2.71 earnings per share. SiteOne Landscape Supply’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.19 EPS for the current fiscal year.

Insider Activity at SiteOne Landscape Supply

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

Analyst Upgrades and Downgrades

SITE has been the subject of several recent analyst reports. Barclays dropped their target price on SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating for the company in a research report on Friday, July 12th. Truist Financial upped their price objective on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. StockNews.com lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Robert W. Baird lowered their target price on shares of 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. Finally, Stifel Nicolaus downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $144.33.

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.