Brown Advisory Inc. Raises Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Brown Advisory Inc. raised its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 0.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 516,821 shares of the industrial products company's stock after purchasing an additional 4,179 shares during the quarter. Brown Advisory Inc. owned approximately 1.15% of SiteOne Landscape Supply worth $62,763,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System lifted its stake in SiteOne Landscape Supply by 0.6% during the 4th quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company's stock valued at $1,726,000 after acquiring an additional 77 shares in the last quarter. HighPoint Advisor Group LLC lifted its holdings in SiteOne Landscape Supply by 4.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company's stock valued at $271,000 after purchasing an additional 78 shares during the last quarter. State of Wyoming grew its holdings in SiteOne Landscape Supply by 6.2% during the 4th quarter. State of Wyoming now owns 1,389 shares of the industrial products company's stock valued at $183,000 after buying an additional 81 shares in the last quarter. GAMMA Investing LLC grew its holdings in SiteOne Landscape Supply by 24.3% during the 1st quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company's stock valued at $59,000 after buying an additional 95 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in SiteOne Landscape Supply by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 19,611 shares of the industrial products company's stock valued at $2,584,000 after buying an additional 130 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently commented on SITE shares. Barclays cut their price objective on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Truist Financial lowered their price objective on 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 lowered their price objective on 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 lowered their price objective on 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. Finally, Wall Street Zen upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $145.70.

Insiders Place Their Bets

In related news, EVP Joseph Ketter sold 39,640 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $126.28, for a total value of $5,005,739.20. Following the sale, the executive vice president directly owned 13,663 shares of the company's stock, valued at $1,725,363.64. This represents a 74.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is currently owned by insiders.

SiteOne Landscape Supply Trading Up 1.0%

Shares of SiteOne Landscape Supply stock traded up $1.35 during midday trading on Wednesday, reaching $129.95. 427,906 shares of the company's stock traded hands, compared to its average volume of 431,904. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.97 and a current ratio of 2.36. The company has a market cap of $5.82 billion, a PE ratio of 51.77, a price-to-earnings-growth ratio of 2.07 and a beta of 1.55. The stock has a 50 day moving average of $121.16 and a 200-day moving average of $125.73. 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 announced its earnings results 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 for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.43) EPS. As a group, equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

About SiteOne Landscape Supply

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.