US Bancorp DE Sells 2,243 Shares of SiteOne Landscape Supply, Inc. $SITE

US Bancorp DE trimmed its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 31.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,799 shares of the industrial products company's stock after selling 2,243 shares during the quarter. US Bancorp DE's holdings in SiteOne Landscape Supply were worth $580,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SITE. HM Payson & Co. bought a new stake in SiteOne Landscape Supply during the first quarter valued at approximately $25,000. Brooklyn Investment Group bought a new stake in SiteOne Landscape Supply during the first quarter valued at approximately $32,000. Golden State Wealth Management LLC grew its position in SiteOne Landscape Supply by 106.1% during the first quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company's stock valued at $33,000 after buying an additional 139 shares during the period. Eastern Bank bought a new stake in SiteOne Landscape Supply during the first quarter valued at approximately $38,000. Finally, NewEdge Advisors LLC grew its position in SiteOne Landscape Supply by 36.6% during the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company's stock valued at $48,000 after buying an additional 107 shares during the period.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, CEO Doug Black sold 7,384 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were 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. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SITE shares. William Blair reaffirmed a "market perform" rating on shares of SiteOne Landscape Supply in a report on Wednesday. The Goldman Sachs Group lowered their price target on shares of SiteOne Landscape Supply from $158.00 to $138.00 and set a "neutral" rating on the stock in a report on Monday, October 13th. Wall Street Zen raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Loop Capital raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and boosted their target price for the stock from $150.00 to $160.00 in a report on Friday, September 19th. Finally, Royal Bank Of Canada upped their price target on shares of SiteOne Landscape Supply from $130.00 to $143.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $148.50.

SiteOne Landscape Supply Stock Down 0.9%

NYSE:SITE opened at $119.81 on Monday. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $160.74. The stock has a market capitalization of $5.34 billion, a P/E ratio of 43.73, a P/E/G ratio of 2.22 and a beta of 1.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.06 and a current ratio of 2.41. The company's 50-day simple moving average is $135.36 and its 200-day simple moving average is $126.47.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.