SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,278 shares of the industrial products company's stock after selling 5,348 shares during the quarter. Stifel Financial Corp owned 0.23% of SiteOne Landscape Supply worth $13,477,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SITE. Raymond James Financial Inc. acquired a new position in SiteOne Landscape Supply during the fourth quarter worth $40,676,000. Artisan Partners Limited Partnership lifted its stake in SiteOne Landscape Supply by 137.2% during the 4th quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company's stock worth $48,510,000 after acquiring an additional 212,907 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in SiteOne Landscape Supply by 320.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 226,300 shares of the industrial products company's stock worth $29,713,000 after acquiring an additional 172,500 shares in the last quarter. Wasatch Advisors LP boosted its holdings in SiteOne Landscape Supply by 9.7% during the 4th quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company's stock valued at $228,107,000 after acquiring an additional 153,447 shares during the period. Finally, WCM Investment Management LLC increased its stake in SiteOne Landscape Supply by 593.6% during the fourth 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 during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays dropped their price objective on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Truist Financial decreased their target price on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft assumed coverage on SiteOne Landscape Supply in a report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price target on the stock. StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday. Finally, UBS Group reduced their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. One equities research 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. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $145.70.

SiteOne Landscape Supply Stock Up 3.3 %

Shares of NYSE:SITE traded up $3.92 during trading on Friday, hitting $120.83. 224,841 shares of the company were exchanged, compared to its average volume of 495,024. The firm's 50 day moving average price is $119.11 and its 200-day moving average price is $133.83. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $161.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The stock has a market capitalization of $5.43 billion, a P/E ratio of 44.90 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). The company had revenue of $939.40 million during the quarter, compared to analysts' expectations of $933.90 million. SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. SiteOne Landscape Supply's revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned ($0.43) earnings per share. On average, research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

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.