Azzad Asset Management Inc. ADV Sells 167 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Azzad Asset Management Inc. ADV decreased its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,591 shares of the industrial products company’s stock after selling 167 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in SiteOne Landscape Supply were worth $391,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Toronto Dominion Bank bought a new stake in shares of SiteOne Landscape Supply in the 1st quarter worth $29,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of SiteOne Landscape Supply in the 2nd quarter worth about $27,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of SiteOne Landscape Supply by 588.1% in the 1st 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 during the last quarter. American National Bank & Trust purchased a new position in shares of SiteOne Landscape Supply in the 3rd quarter worth about $49,000. Finally, Quarry LP purchased a new position in shares of SiteOne Landscape Supply in the 2nd quarter worth about $61,000.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SITE shares. 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. Robert W. Baird cut their price target on shares of SiteOne Landscape Supply from $175.00 to $168.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Loop Capital dropped their price objective on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, June 13th. Stifel Nicolaus lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a research report on Thursday, August 1st. Finally, Barclays cut their target price on shares of 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. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.33.

SiteOne Landscape Supply Price Performance

SITE stock opened at $144.00 on Wednesday. The firm has a 50 day moving average of $140.81 and a 200-day moving average of $145.21. The company has a current ratio of 2.47, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The firm has a market capitalization of $6.51 billion, a P/E ratio of 41.74 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 EPS for the quarter, beating 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 analyst estimates of $1.39 billion. During the same period last year, the business earned $2.71 earnings per share. SiteOne Landscape Supply’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 3.19 earnings per share for the current fiscal year.

Insider Activity

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

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.