AMI Asset Management Corp Reduces Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

AMI Asset Management Corp decreased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 9.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,804 shares of the industrial products company’s stock after selling 409 shares during the period. AMI Asset Management Corp’s holdings in SiteOne Landscape Supply were worth $462,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SITE. Arizona State Retirement System lifted its holdings in shares of SiteOne Landscape Supply by 0.6% during the fourth quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company’s stock worth $1,726,000 after purchasing an additional 77 shares during the period. HighPoint Advisor Group LLC lifted its holdings in shares of SiteOne Landscape Supply by 4.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 78 shares during the period. State of Wyoming lifted its holdings in shares of SiteOne Landscape Supply by 6.2% during the fourth quarter. State of Wyoming now owns 1,389 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 81 shares during the period. GAMMA Investing LLC lifted its holdings in shares of SiteOne Landscape Supply by 24.3% during the first quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 95 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of SiteOne Landscape Supply by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 19,611 shares of the industrial products company’s stock worth $2,584,000 after purchasing an additional 130 shares during the period.

SiteOne Landscape Supply Trading Down 1.2%

Shares of SITE stock opened at $120.41 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.36 and a quick ratio of 0.97. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 47.97, a PEG ratio of 2.00 and a beta of 1.56. The stock has a 50 day simple moving average of $118.97 and a 200-day simple moving average of $126.84. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $160.75.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.11). SiteOne Landscape Supply had a return on equity of 7.31% and a net margin of 2.53%. The business had revenue of $939.40 million for the quarter, compared to analyst estimates of $933.90 million. During the same period in the previous year, the company earned ($0.43) earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on SITE shares. Barclays decreased their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. Stifel Nicolaus decreased their price target on SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating for the company in a report on Monday, April 28th. Wall Street Zen raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, May 1st. Royal Bank Of Canada decreased their price target on SiteOne Landscape Supply from $136.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, May 1st. Finally, Truist Financial decreased their price target on SiteOne Landscape Supply from $165.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $145.70.

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.