SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc decreased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,010,816 shares of the industrial products company's stock after selling 23,004 shares during the quarter. Impax Asset Management Group plc owned approximately 2.25% of SiteOne Landscape Supply worth $122,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SITE. Proficio Capital Partners LLC acquired a new position in shares of SiteOne Landscape Supply during the 4th quarter valued at about $1,771,000. US Bancorp DE boosted its position in shares of SiteOne Landscape Supply by 10.5% during the 4th quarter. US Bancorp DE now owns 6,717 shares of the industrial products company's stock valued at $885,000 after acquiring an additional 638 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of SiteOne Landscape Supply by 11.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company's stock valued at $197,000 after acquiring an additional 156 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in SiteOne Landscape Supply by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 552,907 shares of the industrial products company's stock valued at $72,857,000 after buying an additional 14,909 shares during the period. Finally, Arizona State Retirement System lifted its position in SiteOne Landscape Supply by 0.6% in the fourth quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company's stock valued at $1,726,000 after buying an additional 77 shares during the last quarter.

Insider Activity at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 39,640 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $126.28, for a total transaction of $5,005,739.20. Following the completion of the transaction, the executive vice president directly owned 13,663 shares of the company's stock, valued at approximately $1,725,363.64. The trade was a 74.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Loop Capital decreased their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Royal Bank Of Canada decreased their target price on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. Barclays decreased their target price on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Truist Financial decreased their target price on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $145.70.

SiteOne Landscape Supply Trading Up 0.6%

NYSE:SITE traded up $0.75 on Friday, reaching $129.74. 415,121 shares of the company's stock were exchanged, compared to its average volume of 430,247. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 51.69, a price-to-earnings-growth ratio of 2.13 and a beta of 1.55. The business has a fifty day moving average of $120.62 and a 200-day moving average of $125.82. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $160.75.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $939.40 million for the quarter, compared to analyst estimates of $933.90 million. During the same period in the prior year, the firm posted ($0.43) earnings per share. The business's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

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.