SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 25.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 157,419 shares of the industrial products company's stock after selling 53,185 shares during the quarter. Voya Investment Management LLC owned 0.35% of SiteOne Landscape Supply worth $20,743,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in SiteOne Landscape Supply by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock worth $548,503,000 after purchasing an additional 49,256 shares in the last quarter. Wasatch Advisors LP lifted its position in SiteOne Landscape Supply by 9.7% during the fourth 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 last quarter. T. Rowe Price Investment Management Inc. boosted its stake in SiteOne Landscape Supply by 6.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company's stock valued at $210,570,000 after acquiring an additional 91,719 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in SiteOne Landscape Supply by 2.7% in the fourth 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 last quarter. Finally, Geneva Capital Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 13.9% during the 4th quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company's stock valued at $93,938,000 after purchasing an additional 86,793 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Robert W. Baird lowered their target price on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. UBS Group cut their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Truist Financial lowered their price target on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday. Barclays cut their price objective on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Finally, StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, SiteOne Landscape Supply presently has a consensus rating of "Hold" and a consensus target price of $145.70.

SiteOne Landscape Supply Stock Performance

SITE traded up $3.31 during trading on Friday, hitting $120.22. 274,190 shares of the stock were exchanged, compared to its average volume of 416,396. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $161.25. The stock has a fifty day moving average price of $119.11 and a two-hundred day moving average price of $133.83. The firm has a market capitalization of $5.41 billion, a P/E ratio of 44.76 and a beta of 1.62.

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

About SiteOne Landscape Supply

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.