SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Creative Planning

Creative Planning lowered its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 27.7% in the third quarter, HoldingsChannel reports. The fund owned 2,420 shares of the industrial products company’s stock after selling 927 shares during the quarter. Creative Planning’s holdings in SiteOne Landscape Supply were worth $365,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. MJP Associates Inc. ADV raised its position in shares of SiteOne Landscape Supply by 5.7% in the second quarter. MJP Associates Inc. ADV now owns 1,707 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 92 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of SiteOne Landscape Supply by 5.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 98 shares during the last quarter. Equitable Trust Co. raised its position in shares of SiteOne Landscape Supply by 3.0% during the 2nd quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company’s stock worth $432,000 after purchasing an additional 103 shares during the last quarter. iA Global Asset Management Inc. raised its position in shares of SiteOne Landscape Supply by 7.9% during the 1st quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company’s stock worth $304,000 after purchasing an additional 127 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of SiteOne Landscape Supply by 35.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 521 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 135 shares during the last quarter.

SiteOne Landscape Supply Stock Up 1.3 %

Shares of NYSE SITE opened at $152.46 on Friday. The company has a 50-day moving average of $144.03 and a 200 day moving average of $141.60. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $188.01. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The stock has a market cap of $6.88 billion, a PE ratio of 49.34 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the company earned $1.25 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 3.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SITE shares. Stifel Nicolaus downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a research report on Thursday, August 1st. The Goldman Sachs Group started coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price target for the company. Royal Bank of Canada reduced their price target 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. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Jefferies Financial Group dropped their price objective on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $147.80.

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.