SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 422,373 shares of the industrial products company's stock after selling 6,172 shares during the quarter. Loomis Sayles & Co. L P owned about 0.94% of SiteOne Landscape Supply worth $63,740,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SITE. Whittier Trust Co. of Nevada Inc. bought a new position in SiteOne Landscape Supply during the second quarter valued at $27,000. Toronto Dominion Bank bought a new stake in SiteOne Landscape Supply in the first quarter worth $29,000. Blue Trust Inc. boosted its stake in SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock worth $38,000 after buying an additional 187 shares during the period. American National Bank & Trust bought a new position in SiteOne Landscape Supply during the third quarter valued at $49,000. Finally, Quarry LP purchased a new stake in shares of SiteOne Landscape Supply in the second quarter valued at $61,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on SITE shares. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Truist Financial increased their price target on SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Barclays lifted their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a report on Thursday, October 31st. Royal Bank of Canada dropped their target price on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a "sector perform" rating on the stock in a report on Thursday, August 1st. Finally, Stifel Nicolaus lowered shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 price target for the company. in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $147.80.

SiteOne Landscape Supply Stock Up 5.1 %

Shares of SiteOne Landscape Supply stock traded up $7.54 on Monday, reaching $156.31. The stock had a trading volume of 518,836 shares, compared to its average volume of 364,050. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $7.05 billion, a P/E ratio of 51.67 and a beta of 1.53. The company has a 50 day moving average price of $145.80 and a 200 day moving average price of $140.40. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the prior year, the company posted $1.25 EPS. The business's revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current year.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the sale, the executive vice president now owns 12,942 shares of the company's stock, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is currently owned by company insiders.

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.