Baillie Gifford & Co. Sells 73,318 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Baillie Gifford & Co. trimmed its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 3.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,885,066 shares of the industrial products company's stock after selling 73,318 shares during the period. Baillie Gifford & Co. owned 4.18% of SiteOne Landscape Supply worth $284,475,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. bought a new position in SiteOne Landscape Supply in the 2nd quarter valued at about $27,000. Toronto Dominion Bank bought a new position in shares of SiteOne Landscape Supply during the 1st quarter valued at about $29,000. Blue Trust Inc. boosted its position in shares of SiteOne Landscape Supply by 287.7% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 187 shares in the last quarter. American National Bank & Trust bought a new position in shares of SiteOne Landscape Supply during the 3rd quarter valued at about $49,000. Finally, Quarry LP bought a new position in shares of SiteOne Landscape Supply during the 2nd quarter valued at about $61,000.

SiteOne Landscape Supply Stock Performance

SITE stock traded down $4.15 during midday trading on Tuesday, hitting $148.25. 93,899 shares of the company traded hands, compared to its average volume of 364,177. The business has a 50 day simple moving average of $144.44 and a 200-day simple moving average of $141.19. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 48.64 and a beta of 1.53. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SITE shares. Barclays raised 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 report on Thursday, October 31st. Truist Financial raised their target price 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. Stifel Nicolaus lowered shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 price target for the company. in a research report on Thursday, August 1st. Royal Bank of Canada reduced 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 research report on Thursday, August 1st. Finally, Robert W. Baird increased 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 report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $147.80.

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.