Granite Investment Partners LLC Trims Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Granite Investment Partners LLC trimmed its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,763 shares of the industrial products company’s stock after selling 999 shares during the period. Granite Investment Partners LLC owned about 0.10% of SiteOne Landscape Supply worth $5,677,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Toronto Dominion Bank bought a new stake in SiteOne Landscape Supply during the first quarter valued at approximately $29,000. Principal Securities Inc. bought a new position in SiteOne Landscape Supply in the 4th quarter worth $31,000. Whittier Trust Co. of Nevada Inc. purchased a new position in SiteOne Landscape Supply during the second quarter valued at $27,000. 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 valued at $50,000 after purchasing an additional 247 shares during the period. Finally, YHB Investment Advisors Inc. bought a new position in shares of SiteOne Landscape Supply in the first quarter worth about $58,000.

Insider Activity at SiteOne Landscape Supply

In other 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 transaction of $113,297.12. Following the completion of the sale, the director now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SITE has been the subject of several analyst reports. Loop Capital reduced their target price on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, June 13th. 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. Royal Bank of Canada decreased their price target on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Barclays dropped their price objective on SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating for the company in a research note on Friday, July 12th. Finally, StockNews.com downgraded SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $144.33.

SiteOne Landscape Supply Stock Down 2.8 %

NYSE SITE opened at $149.19 on Friday. The company has a fifty day moving average of $138.72 and a two-hundred day moving average of $148.00. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 43.24 and a beta of 1.53. The company has a quick ratio of 1.10, a current ratio of 2.47 and a debt-to-equity ratio of 0.36. SiteOne Landscape Supply, Inc. has a 52 week low of $114.60 and a 52 week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, topping 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.71 earnings per share. On average, analysts predict that SiteOne Landscape Supply, Inc. will post 3.19 earnings per share for the current 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.