SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,461 shares of the industrial products company's stock after selling 4,896 shares during the period. Royal Bank of Canada owned 0.40% of SiteOne Landscape Supply worth $23,516,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC raised its position in shares of SiteOne Landscape Supply by 71.2% in the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company's stock worth $7,304,000 after buying an additional 20,134 shares during the period. SG Americas Securities LLC acquired a new position in shares of SiteOne Landscape Supply in the 4th quarter valued at about $427,000. KBC Group NV grew its holdings in shares of SiteOne Landscape Supply by 43.1% during the 4th quarter. KBC Group NV now owns 1,947 shares of the industrial products company's stock worth $257,000 after purchasing an additional 586 shares during the period. Conestoga Capital Advisors LLC grew its holdings in shares of SiteOne Landscape Supply by 2.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company's stock worth $153,835,000 after purchasing an additional 30,725 shares during the period. Finally, WCM Investment Management LLC increased its position in SiteOne Landscape Supply by 593.6% during the 4th quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company's stock worth $17,242,000 after purchasing an additional 112,385 shares in the last quarter.

SiteOne Landscape Supply Stock Down 0.3%

NYSE SITE traded down $0.38 during mid-day trading on Friday, reaching $117.09. 46,274 shares of the company's stock traded hands, compared to its average volume of 429,836. The company has a fifty day simple moving average of $117.59 and a 200-day simple moving average of $130.64. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $160.75. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 43.59 and a beta of 1.62. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.11). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The company had revenue of $939.40 million for the quarter, compared to the consensus estimate of $933.90 million. During the same period in the previous year, the business posted ($0.43) EPS. The business's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on SITE. Deutsche Bank Aktiengesellschaft started coverage on shares of SiteOne Landscape Supply in a research note on Tuesday, April 1st. They set a "hold" rating and a $135.00 price objective for the company. Truist Financial cut their price objective on 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. Robert W. Baird decreased their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Loop Capital lowered their target price on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Finally, Royal Bank of Canada reduced their price target on 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. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $145.70.

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.