SiteOne Landscape Supply, Inc. $SITE Stock Holdings Lowered by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lessened its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 50.1% during the second quarter, Holdings Channel reports. The fund owned 22,699 shares of the industrial products company’s stock after selling 22,799 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in SiteOne Landscape Supply were worth $2,745,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of SiteOne Landscape Supply by 12.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,079,615 shares of the industrial products company’s stock valued at $738,309,000 after purchasing an additional 660,081 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in SiteOne Landscape Supply by 31.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,092,742 shares of the industrial products company’s stock worth $254,143,000 after buying an additional 494,737 shares in the last quarter. Jackson Square Partners LLC increased its position in SiteOne Landscape Supply by 2,732.2% in the 1st quarter. Jackson Square Partners LLC now owns 176,755 shares of the industrial products company’s stock valued at $21,465,000 after acquiring an additional 170,514 shares during the period. Invesco Ltd. raised its stake in SiteOne Landscape Supply by 108.8% during the 1st quarter. Invesco Ltd. now owns 309,504 shares of the industrial products company’s stock valued at $37,586,000 after acquiring an additional 161,263 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in SiteOne Landscape Supply by 21.3% during the 1st quarter. Ameriprise Financial Inc. now owns 773,358 shares of the industrial products company’s stock worth $93,913,000 after acquiring an additional 135,949 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SITE shares. Royal Bank Of Canada raised their price target on SiteOne Landscape Supply from $143.00 to $151.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. The Goldman Sachs Group dropped their price target on shares of SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Wall Street Zen upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Barclays raised their price objective on shares of SiteOne Landscape Supply from $106.00 to $120.00 and gave the company an “underweight” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $150.70.

SiteOne Landscape Supply Trading Up 0.6%

Shares of NYSE:SITE opened at $122.87 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.49. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 2.00 and a beta of 1.60. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $160.74. The company has a 50 day moving average price of $130.32 and a 200 day moving average price of $127.89.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.09. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. On average, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

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.