SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 7.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,848 shares of the industrial products company's stock after selling 6,389 shares during the quarter. New York State Common Retirement Fund owned approximately 0.19% of SiteOne Landscape Supply worth $10,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SITE. Raymond James Financial Inc. acquired a new stake in shares of SiteOne Landscape Supply during the fourth quarter worth $40,676,000. Artisan Partners Limited Partnership increased its stake in SiteOne Landscape Supply by 137.2% in the 4th quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company's stock valued at $48,510,000 after buying an additional 212,907 shares during the period. BLI Banque de Luxembourg Investments purchased a new position in SiteOne Landscape Supply during the 4th quarter worth $22,787,000. Wasatch Advisors LP lifted its stake in shares of SiteOne Landscape Supply by 9.7% in the 4th quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company's stock worth $228,107,000 after acquiring an additional 153,447 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of SiteOne Landscape Supply by 6.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company's stock worth $210,570,000 after acquiring an additional 91,719 shares during the period.

Insider Buying and Selling

In related news, EVP Joseph Ketter sold 39,640 shares of SiteOne Landscape Supply stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $126.28, for a total transaction of $5,005,739.20. Following the sale, the executive vice president owned 13,663 shares of the company's stock, valued at $1,725,363.64. The trade was a 74.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Doug Black sold 29,760 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $129.28, for a total value of $3,847,372.80. Following the sale, the chief executive officer owned 596,684 shares of the company's stock, valued at $77,139,307.52. This represents a 4.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SITE shares. Barclays reduced their price objective on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Wall Street Zen downgraded SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research note on Friday. Stifel Nicolaus dropped their price objective on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Deutsche Bank Aktiengesellschaft started coverage on SiteOne Landscape Supply in a report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 target price for the company. Finally, Royal Bank Of Canada lowered their price target on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $145.70.

SiteOne Landscape Supply Trading Up 4.5%

Shares of SiteOne Landscape Supply stock traded up $5.60 during trading hours on Tuesday, reaching $128.76. 745,905 shares of the company's stock were exchanged, compared to its average volume of 423,110. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 51.30, a price-to-earnings-growth ratio of 2.02 and a beta of 1.55. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.39. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $160.75. The company has a fifty day moving average of $122.27 and a 200-day moving average of $125.28.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share 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 analysts' expectations of $933.90 million. During the same period in the prior year, the business earned ($0.43) EPS. The business's revenue for the quarter was up 3.8% on a year-over-year basis. Sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal 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.