TD Asset Management Inc Trims Stock Position in SiteOne Landscape Supply, Inc. $SITE

TD Asset Management Inc lowered its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 11.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 54,132 shares of the industrial products company's stock after selling 7,257 shares during the period. TD Asset Management Inc owned about 0.12% of SiteOne Landscape Supply worth $6,547,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SITE. Price T Rowe Associates Inc. MD raised its stake in shares of SiteOne Landscape Supply by 12.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,079,615 shares of the industrial products company's stock valued at $738,309,000 after buying an additional 660,081 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of SiteOne Landscape Supply by 31.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,092,742 shares of the industrial products company's stock valued at $254,143,000 after buying an additional 494,737 shares during the last quarter. Jackson Square Partners LLC raised its stake in shares of SiteOne Landscape Supply by 2,732.2% during the 1st quarter. Jackson Square Partners LLC now owns 176,755 shares of the industrial products company's stock valued at $21,465,000 after buying an additional 170,514 shares during the last quarter. Invesco Ltd. raised its stake in shares of SiteOne Landscape Supply by 108.8% during the 1st quarter. Invesco Ltd. now owns 309,504 shares of the industrial products company's stock valued at $37,586,000 after buying an additional 161,263 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of SiteOne Landscape Supply by 21.3% during the 1st quarter. Ameriprise Financial Inc. now owns 773,358 shares of the industrial products company's stock valued at $93,913,000 after buying an additional 135,949 shares during the last quarter.

SiteOne Landscape Supply Trading Down 0.9%

SITE stock opened at $119.81 on Monday. The company has a current ratio of 2.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.35. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $160.74. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 43.73, a PEG ratio of 2.22 and a beta of 1.59. The business's 50-day moving average is $135.36 and its 200 day moving average is $126.47.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($0.03). SiteOne Landscape Supply had a return on equity of 7.80% and a net margin of 2.69%.The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm posted $2.63 earnings per share. The company's quarterly revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In related news, CEO Doug Black sold 7,384 shares of SiteOne Landscape Supply stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $132.09, for a total value of $975,352.56. Following the sale, the chief executive officer directly owned 600,446 shares in the company, valued at approximately $79,312,912.14. The trade was a 1.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on SITE shares. Loop Capital upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and lifted their price objective for the company from $150.00 to $160.00 in a research note on Friday, September 19th. Zacks Research lowered SiteOne Landscape Supply from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Wall Street Zen upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. William Blair restated a "market perform" rating on shares of SiteOne Landscape Supply in a research note on Wednesday. Finally, The Goldman Sachs Group cut their price target on SiteOne Landscape Supply from $158.00 to $138.00 and set a "neutral" rating for the company in a research note on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $148.50.

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.

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