New York State Common Retirement Fund Has $10.30 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

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

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on SITE. Truist Financial cut their price objective on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Loop Capital cut their price objective on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a research report on Friday, April 4th. Stifel Nicolaus dropped their price target on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Royal Bank Of Canada dropped their price target on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Finally, Wall Street Zen cut shares of SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $145.70.

Insider Buying and Selling

In related news, CEO Doug Black sold 29,760 shares of SiteOne Landscape Supply stock in a transaction on 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 completion of the sale, the chief executive officer owned 596,684 shares in the company, valued at approximately $77,139,307.52. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph Ketter sold 39,640 shares of the business's 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 approximately $1,725,363.64. The trade was a 74.37% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

SiteOne Landscape Supply Price Performance

Shares of SITE traded down $1.11 during trading hours on Friday, reaching $124.27. The company had a trading volume of 660,861 shares, compared to its average volume of 419,937. The firm has a 50 day simple moving average of $122.36 and a 200-day simple moving average of $125.35. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 49.51, a PEG ratio of 2.04 and a beta of 1.55. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $160.75.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued 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). The business had revenue of $939.40 million during the quarter, compared to analyst estimates of $933.90 million. SiteOne Landscape Supply had a net margin of 2.53% and a return on equity of 7.31%. SiteOne Landscape Supply's revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.43) earnings per share. Research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current 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.