SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lessened its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 10.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,604 shares of the industrial products company's stock after selling 4,351 shares during the period. Asset Management One Co. Ltd. owned 0.09% of SiteOne Landscape Supply worth $5,831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SITE. Toronto Dominion Bank acquired a new stake in shares of SiteOne Landscape Supply during the 1st quarter worth $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in SiteOne Landscape Supply in the second quarter valued at approximately $27,000. Blue Trust Inc. raised its stake in SiteOne Landscape Supply by 287.7% during the 3rd 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 acquired a new position in shares of SiteOne Landscape Supply during the third quarter worth approximately $49,000. Finally, Eagle Bay Advisors LLC increased its stake in SiteOne Landscape Supply by 126.9% during the 3rd quarter. Eagle Bay Advisors LLC now owns 497 shares of the industrial products company's stock valued at $75,000 after purchasing an additional 278 shares in the last quarter.

SiteOne Landscape Supply Stock Down 0.4 %

Shares of NYSE:SITE traded down $0.61 during trading on Friday, reaching $151.93. The stock had a trading volume of 272,676 shares, compared to its average volume of 366,040. The firm's 50-day simple moving average is $144.23 and its 200 day simple moving average is $141.56. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The company has a market capitalization of $6.86 billion, a P/E ratio of 49.17 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly 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 net margin of 3.16% and a return on equity of 9.21%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The company's revenue was up 5.6% compared to the same quarter last year. As a group, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SITE shares. The Goldman Sachs Group initiated coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They issued a "neutral" rating and a $158.00 price objective for the company. Stifel Nicolaus lowered 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. Truist Financial lifted their target price on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Barclays boosted their price objective on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research note on Thursday, October 31st. Finally, Robert W. Baird lifted their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $147.80.

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.