SiteOne Landscape Supply, Inc. $SITE Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,596 shares of the industrial products company’s stock after selling 6,596 shares during the period. Motley Fool Wealth Management LLC’s holdings in SiteOne Landscape Supply were worth $5,430,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Wasatch Advisors LP increased its stake in SiteOne Landscape Supply by 11.4% during the 3rd quarter. Wasatch Advisors LP now owns 2,177,446 shares of the industrial products company’s stock worth $280,455,000 after buying an additional 222,959 shares in the last quarter. Bamco Inc. NY increased its stake in SiteOne Landscape Supply by 1.3% during the 3rd quarter. Bamco Inc. NY now owns 1,966,876 shares of the industrial products company’s stock worth $253,334,000 after buying an additional 25,059 shares in the last quarter. 59 North Capital Management LP purchased a new stake in SiteOne Landscape Supply during the 3rd quarter worth approximately $214,417,000. Capital World Investors increased its stake in SiteOne Landscape Supply by 37.9% during the 4th quarter. Capital World Investors now owns 1,402,337 shares of the industrial products company’s stock worth $174,675,000 after buying an additional 385,666 shares in the last quarter. Finally, State Street Corp increased its stake in SiteOne Landscape Supply by 1.7% during the 2nd quarter. State Street Corp now owns 777,354 shares of the industrial products company’s stock worth $94,013,000 after buying an additional 12,766 shares in the last quarter.

SiteOne Landscape Supply Trading Up 5.1%

SITE opened at $107.24 on Wednesday. SiteOne Landscape Supply, Inc. has a one year low of $100.52 and a one year high of $168.56. The stock has a market capitalization of $4.75 billion, a PE ratio of 31.82, a P/E/G ratio of 1.33 and a beta of 1.35. The business’s 50 day moving average price is $124.14 and its 200 day moving average price is $132.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The business had revenue of $940.10 million during the quarter, compared to analyst estimates of $982.27 million. During the same quarter in the prior year, the company posted ($0.61) earnings per share. The company’s revenue was up .1% on a year-over-year basis. As a group, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current year.

Insider Buying and Selling

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 563 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $115.13, for a total transaction of $64,818.19. Following the transaction, the director directly owned 11,829 shares in the company, valued at $1,361,872.77. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SITE shares. Weiss Ratings lowered SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Barclays dropped their price target on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Zacks Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Robert W. Baird set a $160.00 price target on SiteOne Landscape Supply in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada upped their price target on SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average target price of $160.10.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.