EverSource Wealth Advisors LLC Decreases Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

EverSource Wealth Advisors LLC trimmed its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 10.9% during the 1st quarter, Holdings Channel reports. The fund owned 2,325 shares of the industrial products company’s stock after selling 285 shares during the period. EverSource Wealth Advisors LLC’s holdings in SiteOne Landscape Supply were worth $406,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SITE. Toronto Dominion Bank bought a new position in shares of SiteOne Landscape Supply during the 1st quarter valued at approximately $29,000. Principal Securities Inc. bought a new position in shares of SiteOne Landscape Supply during the 4th quarter valued at approximately $31,000. GAMMA Investing LLC bought a new position in shares of SiteOne Landscape Supply during the 4th quarter valued at approximately $38,000. Benjamin F. Edwards & Company Inc. increased its position in shares of SiteOne Landscape Supply by 588.1% during the 1st 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 last quarter. Finally, YHB Investment Advisors Inc. bought a new position in shares of SiteOne Landscape Supply during the 1st quarter valued at approximately $58,000.

SiteOne Landscape Supply Stock Down 2.9 %

Shares of SITE traded down $4.10 during midday trading on Friday, reaching $135.49. 928,497 shares of the stock were exchanged, compared to its average volume of 668,108. SiteOne Landscape Supply, Inc. has a 52 week low of $114.60 and a 52 week high of $188.01. The company has a current ratio of 2.47, a quick ratio of 0.96 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $133.59 and its two-hundred day moving average is $153.58. The company has a market capitalization of $6.11 billion, a P/E ratio of 39.27 and a beta of 1.52.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.13. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company earned $2.71 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SITE. Royal Bank of Canada cut their target price on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research report on Thursday. Barclays cut their target price on SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating on the stock in a research report on Friday, July 12th. Jefferies Financial Group cut their price objective on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. UBS Group cut their price objective on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Finally, 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 research report on Thursday, June 13th. Three equities research 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, SiteOne Landscape Supply presently has a consensus rating of “Hold” and an average price target of $144.33.

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.