Mitsubishi UFJ Asset Management Co. Ltd. Sells 11,900 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Mitsubishi UFJ Asset Management Co. Ltd. lessened its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 47.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,252 shares of the industrial products company's stock after selling 11,900 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in SiteOne Landscape Supply were worth $2,052,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC purchased a new stake in SiteOne Landscape Supply during the third quarter worth about $26,000. Operose Advisors LLC acquired a new stake in SiteOne Landscape Supply during the 3rd quarter worth approximately $28,000. Principal Securities Inc. purchased a new position in SiteOne Landscape Supply in the 4th quarter valued at approximately $31,000. GAMMA Investing LLC acquired a new position in shares of SiteOne Landscape Supply in the fourth quarter worth $38,000. Finally, iA Global Asset Management Inc. purchased a new stake in shares of SiteOne Landscape Supply during the third quarter worth $105,000.

Analysts Set New Price Targets

A number of research firms recently issued reports on SITE. Barclays decreased their target price on SiteOne Landscape Supply from $145.00 to $133.00 and set an "underweight" rating for the company in a report on Thursday, May 2nd. Truist Financial cut their target price on shares of SiteOne Landscape Supply from $204.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, May 2nd. Robert W. Baird raised their price target on SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, February 15th. Royal Bank of Canada boosted their target price on SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 15th. Finally, Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $167.00 to $165.00 in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $167.50.

SiteOne Landscape Supply Stock Performance

Shares of NYSE SITE traded up $0.80 during mid-day trading on Tuesday, hitting $154.39. 169,454 shares of the company were exchanged, compared to its average volume of 312,703. The company has a quick ratio of 0.96, a current ratio of 2.36 and a debt-to-equity ratio of 0.35. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 44.77 and a beta of 1.53. The stock has a 50 day simple moving average of $165.80 and a 200-day simple moving average of $158.55. SiteOne Landscape Supply, Inc. has a 1-year low of $116.81 and a 1-year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.22). SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The firm had revenue of $904.80 million for the quarter, compared to analyst estimates of $864.01 million. During the same quarter last year, the firm earned ($0.10) earnings per share. The company's revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Doug Black sold 10,000 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total transaction of $1,763,500.00. Following the transaction, the chief executive officer now directly owns 574,657 shares of the company's stock, valued at approximately $101,340,761.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Doug Black sold 10,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total value of $1,763,500.00. Following the sale, the chief executive officer now directly owns 574,657 shares of the company's stock, valued at approximately $101,340,761.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO John T. Guthrie sold 3,000 shares of SiteOne Landscape Supply stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $180.00, for a total transaction of $540,000.00. Following the transaction, the chief financial officer now owns 15,467 shares of the company's stock, valued at approximately $2,784,060. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock valued at $3,924,500 over the last quarter. Company insiders own 2.60% of the company's stock.

SiteOne Landscape Supply 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.