Cwm LLC Sells 277 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Cwm LLC trimmed its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 17.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,297 shares of the industrial products company’s stock after selling 277 shares during the period. Cwm LLC’s holdings in SiteOne Landscape Supply were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of SiteOne Landscape Supply in the 2nd quarter valued at approximately $27,000. Toronto Dominion Bank acquired a new position in shares of SiteOne Landscape Supply during the first quarter valued at about $29,000. American National Bank & Trust acquired a new position in SiteOne Landscape Supply during the third quarter worth $49,000. Benjamin F. Edwards & Company Inc. grew its holdings in SiteOne Landscape Supply by 588.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock worth $50,000 after buying an additional 247 shares in the last quarter. Finally, Quarry LP bought a new position in shares of SiteOne Landscape Supply in the second quarter valued at approximately $61,000.

Insider Transactions at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 878 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.04, for a total transaction of $113,297.12. Following the completion of the sale, the director now directly owns 11,267 shares in the company, valued at $1,453,893.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $139.19 on Thursday. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $188.01. The stock has a 50-day moving average price of $142.72 and a 200 day moving average price of $143.11. The company has a current ratio of 2.47, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $6.28 billion, a P/E ratio of 41.30 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 for the quarter, topping the consensus estimate of $2.50 by $0.13. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.71 earnings per share. Equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SITE. Robert W. Baird boosted their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays reduced their price target on SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating on the stock in a research report on Friday, July 12th. UBS Group cut their price target on shares of SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. StockNews.com cut shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Finally, Jefferies Financial Group lowered their price objective on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus target price of $147.20.

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.