Millennium Management LLC Sells 71,907 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Millennium Management LLC reduced its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 61.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,039 shares of the industrial products company’s stock after selling 71,907 shares during the quarter. Millennium Management LLC owned about 0.10% of SiteOne Landscape Supply worth $5,590,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in shares of SiteOne Landscape Supply by 2.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 209,038 shares of the industrial products company’s stock valued at $33,969,000 after purchasing an additional 4,694 shares during the period. Vanguard Group Inc. boosted its holdings in SiteOne Landscape Supply by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 4,134,723 shares of the industrial products company’s stock worth $671,892,000 after buying an additional 32,538 shares during the last quarter. Quadrature Capital Ltd grew its position in shares of SiteOne Landscape Supply by 42.1% during the 4th quarter. Quadrature Capital Ltd now owns 17,800 shares of the industrial products company’s stock worth $2,894,000 after buying an additional 5,270 shares during the period. HighPoint Advisor Group LLC bought a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at about $188,000. Finally, Park Avenue Securities LLC raised its position in shares of SiteOne Landscape Supply by 31.5% in the 1st quarter. Park Avenue Securities LLC now owns 6,566 shares of the industrial products company’s stock valued at $1,146,000 after acquiring an additional 1,574 shares during the period.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 878 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 11,267 shares in the company, valued at $1,453,893.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

SITE has been the subject of a number of analyst reports. The Goldman Sachs Group began coverage on shares of SiteOne Landscape Supply in a report on Thursday. They set a “neutral” rating and a $158.00 price objective for the company. Royal Bank of Canada lowered their price objective on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Stifel Nicolaus lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a report on Thursday, August 1st. StockNews.com downgraded SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Finally, Jefferies Financial Group cut their price objective on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $145.70.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $148.32 on Friday. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The company’s fifty day simple moving average is $140.75 and its 200-day simple moving average is $145.16. The firm has a market cap of $6.69 billion, a PE ratio of 44.01 and a beta of 1.53. The company has a quick ratio of 1.10, a current ratio of 2.47 and a debt-to-equity ratio of 0.36.

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

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.