Janney Montgomery Scott LLC Sells 2,570 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Janney Montgomery Scott LLC trimmed its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,934 shares of the industrial products company's stock after selling 2,570 shares during the period. Janney Montgomery Scott LLC owned approximately 0.08% of SiteOne Landscape Supply worth $4,471,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of SiteOne Landscape Supply by 71.2% during the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company's stock worth $7,304,000 after acquiring an additional 20,134 shares during the last quarter. Holocene Advisors LP lifted its holdings in shares of SiteOne Landscape Supply by 38.2% during the 3rd quarter. Holocene Advisors LP now owns 51,625 shares of the industrial products company's stock worth $7,791,000 after acquiring an additional 14,269 shares during the last quarter. Algert Global LLC lifted its holdings in shares of SiteOne Landscape Supply by 375.4% during the 3rd quarter. Algert Global LLC now owns 29,506 shares of the industrial products company's stock worth $4,453,000 after acquiring an additional 23,300 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of SiteOne Landscape Supply by 4.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,026 shares of the industrial products company's stock worth $1,217,000 after acquiring an additional 447 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of SiteOne Landscape Supply by 36.5% during the 3rd quarter. Janus Henderson Group PLC now owns 49,784 shares of the industrial products company's stock worth $7,512,000 after acquiring an additional 13,314 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Robert W. Baird boosted their price target on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group assumed 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 target for the company. StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Tuesday. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and boosted their price target for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. Finally, Barclays boosted their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an "underweight" rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $156.44.

SiteOne Landscape Supply Trading Up 0.8 %

Shares of NYSE SITE traded up $1.16 during midday trading on Thursday, hitting $143.65. 251,473 shares of the company traded hands, compared to its average volume of 305,725. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month 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 stock has a 50-day moving average price of $141.07 and a 200 day moving average price of $141.60. The firm has a market cap of $6.48 billion, a P/E ratio of 46.49 and a beta of 1.56.

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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. SiteOne Landscape Supply's quarterly revenue was up 5.6% compared to the same quarter last year. As a group, analysts expect that SiteOne Landscape Supply, Inc. will post 2.94 earnings per share for the current year.

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the sale, the executive vice president now owns 12,942 shares in the company, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by corporate insiders.

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.