US Bancorp DE lowered its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) by 24.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,831 shares of the industrial products company’s stock after selling 1,604 shares during the quarter. US Bancorp DE’s holdings in SiteOne Landscape Supply were worth $809,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted its position in shares of SiteOne Landscape Supply by 2.4% during the 1st quarter. New York State Common Retirement Fund now owns 84,627 shares of the industrial products company’s stock valued at $11,583,000 after acquiring an additional 1,985 shares during the last quarter. KLR Investment Advisors LLC bought a new stake in shares of SiteOne Landscape Supply during the 1st quarter valued at about $425,000. Rhumbline Advisers boosted its position in shares of SiteOne Landscape Supply by 4.6% during the 1st quarter. Rhumbline Advisers now owns 50,583 shares of the industrial products company’s stock valued at $6,923,000 after acquiring an additional 2,226 shares during the last quarter. Level Four Advisory Services LLC bought a new stake in shares of SiteOne Landscape Supply during the 1st quarter valued at about $528,000. Finally, EFG Asset Management North America Corp. bought a new stake in shares of SiteOne Landscape Supply during the 2nd quarter valued at about $1,239,000.
SiteOne Landscape Supply Price Performance
Shares of SiteOne Landscape Supply stock opened at $140.09 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.40 and a quick ratio of 1.10. The business’s 50 day simple moving average is $144.66 and its two-hundred day simple moving average is $154.18. The stock has a market capitalization of $6.32 billion, a P/E ratio of 36.48 and a beta of 1.49. SiteOne Landscape Supply, Inc. has a one year low of $113.25 and a one year high of $176.16.
SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.25). The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. SiteOne Landscape Supply had a return on equity of 12.71% and a net margin of 4.16%. SiteOne Landscape Supply’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $1.60 earnings per share. Analysts forecast that SiteOne Landscape Supply, Inc. will post 3.68 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on SITE shares. Truist Financial dropped their price target on SiteOne Landscape Supply from $187.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. TheStreet downgraded SiteOne Landscape Supply from a “b-” rating to a “c” rating in a research report on Friday, November 3rd. Loop Capital raised their price objective on SiteOne Landscape Supply from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 29th. Royal Bank of Canada decreased their price objective on SiteOne Landscape Supply from $141.00 to $131.00 and set a “sector perform” rating on the stock in a report on Thursday, November 2nd. Finally, Barclays decreased their price objective on SiteOne Landscape Supply from $144.00 to $139.00 and set an “underweight” rating on the stock in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $163.10.
Check Out Our Latest Analysis on SiteOne Landscape Supply
Insider Activity
In related news, CEO Doug Black sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $159.16, for a total transaction of $1,273,280.00. Following the completion of the transaction, the chief executive officer now owns 562,886 shares in the company, valued at $89,588,935.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.70% of the company’s stock.
SiteOne Landscape Supply Company 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 a selection of approximately 155,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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.
See Also
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Source: defenseworld.net
