Summit Creek Advisors LLC Sells 2,853 Shares of SiteOne Landscape Supply, Inc. $SITE

Summit Creek Advisors LLC lessened its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 4.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 64,889 shares of the industrial products company’s stock after selling 2,853 shares during the period. Summit Creek Advisors LLC’s holdings in SiteOne Landscape Supply were worth $7,848,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in shares of SiteOne Landscape Supply by 12.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,079,615 shares of the industrial products company’s stock worth $738,309,000 after purchasing an additional 660,081 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in SiteOne Landscape Supply by 31.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,092,742 shares of the industrial products company’s stock worth $254,143,000 after acquiring an additional 494,737 shares in the last quarter. Jackson Square Partners LLC grew its stake in shares of SiteOne Landscape Supply by 2,732.2% in the first quarter. Jackson Square Partners LLC now owns 176,755 shares of the industrial products company’s stock worth $21,465,000 after acquiring an additional 170,514 shares during the last quarter. Invesco Ltd. increased its holdings in shares of SiteOne Landscape Supply by 108.8% during the first quarter. Invesco Ltd. now owns 309,504 shares of the industrial products company’s stock valued at $37,586,000 after acquiring an additional 161,263 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of SiteOne Landscape Supply by 21.3% in the 1st quarter. Ameriprise Financial Inc. now owns 773,358 shares of the industrial products company’s stock worth $93,913,000 after purchasing an additional 135,949 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of SiteOne Landscape Supply from $143.00 to $151.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Barclays upped their price objective on SiteOne Landscape Supply from $106.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 30th. Wall Street Zen raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group dropped their price target on shares of SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $150.70.

SiteOne Landscape Supply Price Performance

SITE opened at $124.16 on Thursday. The firm has a market capitalization of $5.53 billion, a P/E ratio of 40.31, a PEG ratio of 2.04 and a beta of 1.60. The stock has a fifty day moving average of $131.18 and a 200-day moving average of $127.74. The company has a quick ratio of 1.14, a current ratio of 2.49 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $160.74.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.09. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $0.97 EPS. Equities analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 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.