SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 46.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,588 shares of the industrial products company’s stock after selling 2,235 shares during the quarter. Amalgamated Bank’s holdings in SiteOne Landscape Supply were worth $391,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. purchased a new stake in SiteOne Landscape Supply during the 2nd quarter worth about $27,000. Toronto Dominion Bank acquired a new stake in SiteOne Landscape Supply in the first quarter valued at approximately $29,000. Blue Trust Inc. raised its holdings in SiteOne Landscape Supply by 287.7% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 187 shares in the last quarter. American National Bank & Trust acquired a new position in SiteOne Landscape Supply during the 3rd quarter worth approximately $49,000. Finally, Quarry LP purchased a new stake in shares of SiteOne Landscape Supply in the 2nd quarter valued at approximately $61,000.

SiteOne Landscape Supply Stock Down 1.5 %

SITE stock opened at $140.60 on Monday. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 45.50 and a beta of 1.53. The company has a fifty day moving average price of $145.12 and a 200 day moving average price of $140.85.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.21). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company earned $1.25 EPS. SiteOne Landscape Supply’s revenue for the quarter was up 5.6% compared to the same quarter last year. Sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current year.

Analyst Ratings Changes

SITE has been the subject of a number of analyst reports. Barclays boosted their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. Stifel Nicolaus downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a report on Thursday, August 1st. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Truist Financial boosted their price objective on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $147.80.

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.