SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 31.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,594 shares of the industrial products company's stock after selling 3,559 shares during the period. Bank of Montreal Can's holdings in SiteOne Landscape Supply were worth $1,001,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in SiteOne Landscape Supply by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock worth $548,503,000 after acquiring an additional 49,256 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in SiteOne Landscape Supply by 2.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company's stock valued at $153,835,000 after acquiring an additional 30,725 shares during the period. Geneva Capital Management LLC lifted its position in shares of SiteOne Landscape Supply by 13.9% in the fourth quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company's stock valued at $93,938,000 after acquiring an additional 86,793 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of SiteOne Landscape Supply by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 552,907 shares of the industrial products company's stock worth $72,857,000 after purchasing an additional 14,909 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in SiteOne Landscape Supply by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 528,873 shares of the industrial products company's stock valued at $79,812,000 after purchasing an additional 29,025 shares during the period.

SiteOne Landscape Supply Price Performance

SITE traded up $1.82 on Thursday, reaching $116.17. 63,984 shares of the company's stock were exchanged, compared to its average volume of 411,202. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $166.34. The stock's fifty day moving average price is $122.04 and its 200-day moving average price is $135.05. The stock has a market cap of $5.22 billion, a PE ratio of 43.13 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. Sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on SITE shares. Loop Capital cut their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a report on Friday, April 4th. Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a "hold" rating and a $135.00 target price for the company. Royal Bank of Canada upped their price objective on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Robert W. Baird cut their price objective on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Finally, StockNews.com downgraded SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $149.70.

About SiteOne Landscape Supply

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.