Brown Advisory Inc. Purchases 4,179 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Brown Advisory Inc. boosted its holdings 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 Securities and Exchange Commission. The firm owned 516,821 shares of the industrial products company's stock after acquiring an additional 4,179 shares during the quarter. Brown Advisory Inc. owned 1.15% of SiteOne Landscape Supply worth $62,763,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. HM Payson & Co. bought a new position in SiteOne Landscape Supply in the 1st quarter worth approximately $25,000. OneDigital Investment Advisors LLC boosted its stake in SiteOne Landscape Supply by 22.3% in the first quarter. OneDigital Investment Advisors LLC now owns 1,877 shares of the industrial products company's stock worth $228,000 after purchasing an additional 342 shares in the last quarter. Teacher Retirement System of Texas increased its position in SiteOne Landscape Supply by 124.5% in the first quarter. Teacher Retirement System of Texas now owns 8,886 shares of the industrial products company's stock worth $1,079,000 after purchasing an additional 4,927 shares during the period. WCM Investment Management LLC boosted its holdings in SiteOne Landscape Supply by 0.4% during the first quarter. WCM Investment Management LLC now owns 131,791 shares of the industrial products company's stock worth $16,065,000 after buying an additional 474 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in shares of SiteOne Landscape Supply by 1.4% during the 1st quarter. DAVENPORT & Co LLC now owns 11,121 shares of the industrial products company's stock valued at $1,351,000 after purchasing an additional 153 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Barclays dropped their price objective on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Royal Bank Of Canada dropped their price objective on 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. Truist Financial decreased their target price on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Wall Street Zen upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus dropped their price target on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. One investment 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. According to MarketBeat, SiteOne Landscape Supply presently has a consensus rating of "Hold" and an average target price of $145.70.

SiteOne Landscape Supply Price Performance

Shares of SITE traded down $2.20 during trading hours on Friday, hitting $129.18. 318,296 shares of the company were exchanged, compared to its average volume of 425,806. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 51.47, a P/E/G ratio of 2.12 and a beta of 1.55. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $160.75. 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's fifty day moving average is $121.89 and its 200 day moving average is $125.64.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share for the quarter, missing the consensus estimate 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%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned ($0.43) earnings per share. On average, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 39,640 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 13,663 shares in the company, valued at approximately $1,725,363.64. This trade represents a 74.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is owned by company insiders.

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.