Townsquare Capital LLC Sells 5,005 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Townsquare Capital LLC cut its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 76.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,508 shares of the industrial products company's stock after selling 5,005 shares during the quarter. Townsquare Capital LLC's holdings in SiteOne Landscape Supply were worth $228,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new position in SiteOne Landscape Supply in the second quarter worth approximately $27,000. Blue Trust Inc. boosted its stake 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 worth $38,000 after acquiring an additional 187 shares in the last quarter. American National Bank & Trust acquired a new position in shares of SiteOne Landscape Supply in the 3rd quarter worth $49,000. Quarry LP acquired a new stake in shares of SiteOne Landscape Supply during the second quarter worth $61,000. Finally, National Bank of Canada FI lifted its holdings 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 purchasing an additional 216 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have weighed in on SITE shares. StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Robert W. Baird raised their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Barclays upped their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research report on Thursday, October 31st. Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and raised their price objective for the stock from $145.00 to $175.00 in a research report on Friday. Finally, The Goldman Sachs Group started coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a "neutral" rating and a $158.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, SiteOne Landscape Supply currently has an average rating of "Hold" and an average target price of $152.80.

SiteOne Landscape Supply Stock Performance

Shares of NYSE SITE traded up $6.19 during trading hours on Friday, hitting $151.05. 391,044 shares of the company's stock were exchanged, compared to its average volume of 280,863. The company's 50-day moving average price is $146.34 and its 200-day moving average price is $140.19. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 48.88 and a beta of 1.54. 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 (NYSE:SITE - Get Free Report) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $1.25 EPS. The company's revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the firm's 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 at this link. 2.70% of the stock is owned by 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.