SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Boston Financial Mangement LLC

Boston Financial Mangement LLC decreased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,743 shares of the industrial products company's stock after selling 5,632 shares during the quarter. Boston Financial Mangement LLC owned about 0.20% of SiteOne Landscape Supply worth $13,694,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SITE. Toronto Dominion Bank acquired a new position in shares of SiteOne Landscape Supply in the first quarter valued at approximately $29,000. Whittier Trust Co. of Nevada Inc. purchased a new position in SiteOne Landscape Supply in the 2nd quarter valued at $27,000. Blue Trust Inc. increased its stake in SiteOne Landscape Supply by 287.7% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock valued at $38,000 after buying an additional 187 shares during the period. American National Bank & Trust purchased a new position in SiteOne Landscape Supply during the 3rd quarter worth $49,000. Finally, Eagle Bay Advisors LLC lifted its stake in shares of SiteOne Landscape Supply by 126.9% in the 3rd quarter. Eagle Bay Advisors LLC now owns 497 shares of the industrial products company's stock worth $75,000 after acquiring an additional 278 shares during the period.

SiteOne Landscape Supply Price Performance

Shares of SITE stock traded down $2.65 during trading hours on Tuesday, hitting $142.98. The company's stock had a trading volume of 580,859 shares, compared to its average volume of 362,755. The company has a current ratio of 2.47, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $143.09 and a 200-day moving average of $142.22. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 42.11 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the business posted $2.71 earnings per share. SiteOne Landscape Supply's revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.23 EPS for the current year.

Insider Activity at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 878 shares of the firm's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $129.04, for a total transaction of $113,297.12. Following the sale, the director now owns 11,267 shares in the company, valued at approximately $1,453,893.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SITE has been the subject of several analyst reports. Truist Financial increased their price target on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. UBS Group decreased their price target on SiteOne Landscape Supply from $190.00 to $185.00 and set a "buy" rating on the stock in a research note on Tuesday, July 9th. Barclays cut their price objective on SiteOne Landscape Supply from $129.00 to $114.00 and set an "underweight" rating for the company in a research report on Friday, July 12th. StockNews.com lowered shares of SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research report on Saturday, August 10th. Finally, Royal Bank of Canada cut their price target on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a "sector perform" rating for the company in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $147.20.

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.