M&T Bank Corp Has $442,000 Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

M&T Bank Corp lowered its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 75.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,928 shares of the industrial products company's stock after selling 8,814 shares during the period. M&T Bank Corp's holdings in SiteOne Landscape Supply were worth $442,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wasatch Advisors LP lifted its stake in shares of SiteOne Landscape Supply by 11.4% in the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company's stock worth $238,083,000 after acquiring an additional 161,846 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in SiteOne Landscape Supply by 49.3% during the second quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company's stock worth $58,226,000 after purchasing an additional 158,350 shares during the last quarter. Bamco Inc. NY boosted its holdings in SiteOne Landscape Supply by 8.9% in the third quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company's stock worth $238,489,000 after purchasing an additional 129,252 shares during the period. American Century Companies Inc. increased its stake in SiteOne Landscape Supply by 44.3% during the second quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company's stock valued at $43,717,000 after purchasing an additional 110,589 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of SiteOne Landscape Supply in the 2nd quarter worth about $7,540,000.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $142.20, for a total value of $924,300.00. Following the transaction, the executive vice president now owns 12,942 shares in the company, valued at $1,840,352.40. This represents a 33.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SITE shares. Robert W. Baird raised their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and raised their price target for the company from $145.00 to $175.00 in a research note on Friday, December 6th. The Goldman Sachs Group assumed coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a "neutral" rating and a $158.00 price objective for the company. Finally, Barclays lifted their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $156.44.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE traded down $4.79 during trading hours on Wednesday, hitting $135.41. 432,206 shares of the company's stock traded hands, compared to its average volume of 357,604. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 43.82 and a beta of 1.54. SiteOne Landscape Supply, Inc. has a 52 week low of $114.60 and a 52 week high of $188.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The company's fifty day simple moving average is $146.01 and its two-hundred day simple moving average is $139.69.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The business's revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current fiscal 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.