SiteOne Landscape Supply, Inc. (NYSE:SITE) Stock Position Reduced by King Luther Capital Management Corp

King Luther Capital Management Corp lessened its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,228 shares of the industrial products company’s stock after selling 87 shares during the period. King Luther Capital Management Corp’s holdings in SiteOne Landscape Supply were worth $3,063,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SITE. Toronto Dominion Bank acquired a new stake in shares of SiteOne Landscape Supply during the 1st quarter worth approximately $29,000. Principal Securities Inc. acquired a new stake in shares of SiteOne Landscape Supply during the 4th quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of SiteOne Landscape Supply during the 2nd quarter worth approximately $27,000. Benjamin F. Edwards & Company Inc. raised its position in shares of SiteOne Landscape Supply by 588.1% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 247 shares during the period. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of SiteOne Landscape Supply during the 1st quarter worth approximately $58,000.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SITE. Stifel Nicolaus cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a research report on Thursday, August 1st. Jefferies Financial Group dropped their price target on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Robert W. Baird lowered their target price on SiteOne Landscape Supply from $175.00 to $168.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. StockNews.com cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Finally, Truist Financial raised their target price on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average target price of $144.33.

SiteOne Landscape Supply Stock Performance

Shares of NYSE SITE opened at $149.18 on Friday. The stock has a fifty day moving average price of $138.72 and a two-hundred day moving average price of $147.84. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 2.47. The firm has a market cap of $6.73 billion, a P/E ratio of 43.24 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.13. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted $2.71 EPS. Research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.19 EPS for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 878 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.04, for a total transaction of $113,297.12. Following the completion of the sale, the director now directly owns 11,267 shares of the company’s stock, valued at approximately $1,453,893.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

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.