State Street Corp Sells 6,609 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

State Street Corp lowered its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 0.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 770,398 shares of the industrial products company's stock after selling 6,609 shares during the quarter. State Street Corp owned approximately 1.71% of SiteOne Landscape Supply worth $116,261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bamco Inc. NY boosted its position in shares of SiteOne Landscape Supply by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company's stock worth $238,489,000 after purchasing an additional 129,252 shares during the last quarter. Wasatch Advisors LP grew its position in shares of SiteOne Landscape Supply by 11.4% in the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company's stock valued at $238,083,000 after acquiring an additional 161,846 shares during the period. Conestoga Capital Advisors LLC lifted its position in shares of SiteOne Landscape Supply by 2.5% in the second quarter. Conestoga Capital Advisors LLC now owns 1,141,624 shares of the industrial products company's stock valued at $138,605,000 after buying an additional 28,265 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in shares of SiteOne Landscape Supply by 1.5% during the 3rd quarter. Geneva Capital Management LLC now owns 626,101 shares of the industrial products company's stock worth $94,485,000 after buying an additional 9,209 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in SiteOne Landscape Supply by 10.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 568,349 shares of the industrial products company's stock valued at $69,007,000 after acquiring an additional 53,131 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and increased their price target for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. The Goldman Sachs Group initiated coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a "neutral" rating and a $158.00 price target for the company. Robert W. Baird lifted their price objective 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. Finally, Barclays increased their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an "underweight" rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of "Hold" and a consensus target price of $156.44.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the transaction, the executive vice president now owns 12,942 shares in the company, valued at $1,840,352.40. This trade 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 is available through this link. Insiders own 2.70% of the company's stock.

SiteOne Landscape Supply Stock Down 0.4 %

Shares of SITE traded down $0.63 on Monday, reaching $140.66. The company's stock had a trading volume of 275,614 shares, compared to its average volume of 357,306. The firm has a fifty day moving average of $146.21 and a 200-day moving average of $139.87. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01. The stock has a market capitalization of $6.35 billion, a PE ratio of 45.91 and a beta of 1.54. 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 (NYSE:SITE - Get Free Report) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.21). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. SiteOne Landscape Supply's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 EPS. Equities analysts predict that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current year.

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.