Motley Fool Wealth Management LLC Reduces Position in SiteOne Landscape Supply, Inc. $SITE

Motley Fool Wealth Management LLC lowered its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITEFree Report) by 13.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 43,596 shares of the industrial products company’s stock after selling 6,596 shares during the quarter. Motley Fool Wealth Management LLC owned about 0.10% of SiteOne Landscape Supply worth $5,430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its position in SiteOne Landscape Supply by 541.9% during the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 168 shares during the period. Rothschild Investment LLC lifted its position in SiteOne Landscape Supply by 1,521.4% during the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 213 shares during the period. IFP Advisors Inc lifted its position in SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 158 shares during the period. NewEdge Advisors LLC lifted its position in SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 107 shares during the period. Finally, Danske Bank A S acquired a new stake in SiteOne Landscape Supply during the 3rd quarter worth about $52,000.

Analysts Set New Price Targets

A number of analysts have commented on SITE shares. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Thursday, April 30th. Royal Bank Of Canada lifted their price target on SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. UBS Group started coverage on SiteOne Landscape Supply in a research report on Friday, April 10th. They set a “neutral” rating and a $140.00 price target for the company. Zacks Research raised SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Finally, Bank of America lowered their price target on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $160.10.

Check Out Our Latest Report on SITE

Insiders Place Their Bets

In related news, Director Fred M. Diaz sold 563 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $115.13, for a total value of $64,818.19. Following the completion of the transaction, the director owned 11,829 shares of the company’s stock, valued at approximately $1,361,872.77. This represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $107.24 on Wednesday. The stock has a market cap of $4.75 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 1.33 and a beta of 1.35. The business has a 50-day simple moving average of $124.14 and a 200-day simple moving average of $132.95. The company has a quick ratio of 0.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.39. SiteOne Landscape Supply, Inc. has a 52-week low of $100.52 and a 52-week high of $168.56.

SiteOne Landscape Supply (NYSE:SITEGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.27). The company had revenue of $940.10 million during the quarter, compared to analyst estimates of $982.27 million. SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned ($0.61) EPS. On average, equities analysts expect that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current year.

About SiteOne Landscape Supply

(Free Report)

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.

See Also

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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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