SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by AMI Asset Management Corp

AMI Asset Management Corp reduced its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 25.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,292 shares of the industrial products company’s stock after selling 6,951 shares during the period. AMI Asset Management Corp’s holdings in SiteOne Landscape Supply were worth $3,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its holdings in shares of SiteOne Landscape Supply by 1.1% in the third quarter. Townsquare Capital LLC now owns 6,838 shares of the industrial products company’s stock valued at $1,118,000 after purchasing an additional 74 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of SiteOne Landscape Supply by 5.4% in the third quarter. Kestra Advisory Services LLC now owns 1,717 shares of the industrial products company’s stock valued at $281,000 after purchasing an additional 88 shares during the period. Legacy Capital Group California Inc. increased its holdings in shares of SiteOne Landscape Supply by 3.2% in the fourth quarter. Legacy Capital Group California Inc. now owns 2,886 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 90 shares during the period. Treasurer of the State of North Carolina increased its holdings in shares of SiteOne Landscape Supply by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 19,518 shares of the industrial products company’s stock valued at $3,190,000 after purchasing an additional 100 shares during the period. Finally, Hills Bank & Trust Co increased its holdings in shares of SiteOne Landscape Supply by 8.7% in the fourth quarter. Hills Bank & Trust Co now owns 1,566 shares of the industrial products company’s stock valued at $254,000 after purchasing an additional 125 shares during the period.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SITE. Loop Capital cut their price objective on SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, June 13th. Barclays dropped their target price on SiteOne Landscape Supply from $133.00 to $129.00 and set an “underweight” rating on the stock in a report on Wednesday, June 5th. Robert W. Baird dropped their target price on SiteOne Landscape Supply from $185.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. Stifel Nicolaus dropped their target price on SiteOne Landscape Supply from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, June 10th. Finally, Truist Financial dropped their target price on SiteOne Landscape Supply from $175.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average target price of $153.63.

Insiders Place Their Bets

In other news, CEO Doug Black sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total value of $1,621,000.00. Following the transaction, the chief executive officer now owns 574,657 shares in the company, valued at $93,151,899.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Price Performance

SITE stock traded up $1.44 during mid-day trading on Thursday, reaching $118.01. 206,115 shares of the company’s stock were exchanged, compared to its average volume of 456,481. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 34.21 and a beta of 1.52. The stock’s 50 day moving average is $143.24 and its 200 day moving average is $157.53. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.36 and a quick ratio of 0.96. SiteOne Landscape Supply, Inc. has a 12-month low of $115.55 and a 12-month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.22). The business had revenue of $904.80 million for the quarter, compared to analysts’ expectations of $864.01 million. SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.10) EPS. On average, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.81 EPS for the current year.

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 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.