King Luther Capital Management Corp Decreases Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

King Luther Capital Management Corp trimmed its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,228 shares of the industrial products company’s stock after selling 87 shares during the quarter. King Luther Capital Management Corp owned approximately 0.06% of SiteOne Landscape Supply worth $3,063,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Cetera Advisors LLC acquired a new position in shares of SiteOne Landscape Supply in the first quarter worth $708,000. Picton Mahoney Asset Management raised its holdings in shares of SiteOne Landscape Supply by 3,279.9% in the first quarter. Picton Mahoney Asset Management now owns 24,842 shares of the industrial products company’s stock worth $4,337,000 after acquiring an additional 24,107 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of SiteOne Landscape Supply by 54.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 22,151 shares of the industrial products company’s stock worth $3,866,000 after acquiring an additional 7,829 shares during the last quarter. Swedbank AB acquired a new position in shares of SiteOne Landscape Supply in the first quarter worth $16,757,000. Finally, Sei Investments Co. raised its holdings in shares of SiteOne Landscape Supply by 17.5% in the fourth quarter. Sei Investments Co. now owns 273,017 shares of the industrial products company’s stock worth $44,366,000 after acquiring an additional 40,702 shares during the last quarter.

Analyst Upgrades and Downgrades

SITE has been the subject of a number of analyst reports. Barclays cut their price target on SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating for the company in a report on Friday, July 12th. Loop Capital dropped their target price on SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, June 13th. Robert W. Baird dropped their target price on 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. UBS Group dropped their target price on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, StockNews.com lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and an average price target of $144.33.

Insider Transactions at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 878 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $129.04, for a total value of $113,297.12. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Stock Performance

Shares of NYSE:SITE opened at $149.18 on Friday. The firm has a market capitalization of $6.73 billion, a PE 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. The business has a 50-day moving average of $138.72 and a two-hundred day moving average of $147.84. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.50 by $0.13. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates 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 was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.71 earnings per share. As a group, research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.19 earnings per share for the current year.

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.