SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by AMI Asset Management Corp

AMI Asset Management Corp trimmed its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 47.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,376 shares of the industrial products company's stock after selling 3,905 shares during the quarter. AMI Asset Management Corp's holdings in SiteOne Landscape Supply were worth $660,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. abrdn plc lifted its holdings in shares of SiteOne Landscape Supply by 0.4% in the 3rd quarter. abrdn plc now owns 101,465 shares of the industrial products company's stock worth $15,312,000 after buying an additional 403 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of SiteOne Landscape Supply by 5.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,131 shares of the industrial products company's stock worth $322,000 after acquiring an additional 113 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of SiteOne Landscape Supply by 6.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company's stock worth $278,000 after acquiring an additional 106 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of SiteOne Landscape Supply by 6,488.6% in the 3rd quarter. International Assets Investment Management LLC now owns 36,369 shares of the industrial products company's stock worth $5,488,000 after acquiring an additional 35,817 shares in the last quarter. Finally, Eagle Bay Advisors LLC raised its position 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 in the last quarter.

Insider Activity

In other news, Director Fred M. Diaz sold 878 shares of the firm's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $129.04, for a total value of $113,297.12. Following the transaction, the director now owns 11,267 shares in the company, valued at $1,453,893.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SITE. StockNews.com lowered SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research report on Saturday, August 10th. Robert W. Baird upped their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Barclays reduced 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. Truist Financial upped their target price on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus lowered SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 target price on the stock. in a research 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $147.20.

SiteOne Landscape Supply Price Performance

SITE stock traded up $5.22 during mid-day trading on Wednesday, reaching $148.20. 684,930 shares of the company's stock were exchanged, compared to its average volume of 364,289. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 41.44 and a beta of 1.53. The stock's 50 day moving average is $143.22 and its 200 day moving average is $142.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued 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. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. SiteOne Landscape Supply's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.71 earnings per share. On average, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.23 EPS for the current year.

SiteOne Landscape Supply 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.