UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,533 shares of the industrial products company's stock after selling 11,918 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.31% of SiteOne Landscape Supply worth $21,208,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SITE. Whittier Trust Co. of Nevada Inc. bought a new stake in SiteOne Landscape Supply in the second quarter worth $27,000. Blue Trust Inc. raised its stake in shares of SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 187 shares during the last quarter. American National Bank & Trust bought a new position in shares of SiteOne Landscape Supply during the third quarter valued at about $49,000. Quarry LP bought a new position in shares of SiteOne Landscape Supply during the second quarter valued at about $61,000. Finally, National Bank of Canada FI raised its stake in shares of SiteOne Landscape Supply by 67.5% during the second quarter. National Bank of Canada FI now owns 536 shares of the industrial products company's stock valued at $63,000 after acquiring an additional 216 shares during the last quarter.

SiteOne Landscape Supply Trading Up 4.3 %

Shares of NYSE SITE traded up $6.19 during midday trading on Friday, hitting $151.05. 391,044 shares of the company traded hands, compared to its average volume of 360,751. 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 $146.34 and a 200 day moving average price of $140.29. The firm has a market cap of $6.82 billion, a P/E ratio of 48.88 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share 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 business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the business posted $1.25 EPS. SiteOne Landscape Supply's revenue for the quarter was up 5.6% on a year-over-year basis. As a group, analysts expect that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays upped 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. The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They set a "neutral" rating and a $158.00 price objective for the company. StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and upped their price objective for the company from $145.00 to $175.00 in a research note on Friday. Finally, Robert W. Baird upped their price objective on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $152.80.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of SiteOne Landscape Supply 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 completion of the transaction, the executive vice president now directly owns 12,942 shares of the company's stock, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is owned by company insiders.

SiteOne Landscape Supply Company 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.