MML Investors Services LLC Reduces Position in SiteOne Landscape Supply, Inc. $SITE

MML Investors Services LLC trimmed its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,567 shares of the industrial products company’s stock after selling 389 shares during the period. MML Investors Services LLC’s holdings in SiteOne Landscape Supply were worth $794,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas raised its stake in shares of SiteOne Landscape Supply by 16.0% in the second quarter. Teacher Retirement System of Texas now owns 10,308 shares of the industrial products company’s stock worth $1,247,000 after buying an additional 1,422 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in SiteOne Landscape Supply by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 555,858 shares of the industrial products company’s stock worth $67,503,000 after acquiring an additional 2,951 shares in the last quarter. TD Asset Management Inc increased its holdings in SiteOne Landscape Supply by 18.3% in the 1st quarter. TD Asset Management Inc now owns 61,389 shares of the industrial products company’s stock worth $7,455,000 after acquiring an additional 9,496 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in SiteOne Landscape Supply during the 2nd quarter worth approximately $989,000. Finally, Avantax Advisory Services Inc. lifted its holdings in SiteOne Landscape Supply by 14.4% during the first quarter. Avantax Advisory Services Inc. now owns 9,753 shares of the industrial products company’s stock valued at $1,184,000 after purchasing an additional 1,224 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SITE. Zacks Research cut shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada upped their target price on shares of SiteOne Landscape Supply from $143.00 to $151.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Stifel Nicolaus set a $140.00 price target on SiteOne Landscape Supply in a report on Monday, November 17th. Loop Capital upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price objective for the company from $150.00 to $160.00 in a research report on Friday, September 19th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and an average price target of $152.10.

SiteOne Landscape Supply Trading Up 0.5%

Shares of SITE opened at $135.82 on Friday. The stock has a market capitalization of $6.05 billion, a PE ratio of 44.10, a P/E/G ratio of 2.20 and a beta of 1.60. The company’s fifty day moving average is $126.43 and its 200 day moving average is $128.92. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.49. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $156.93.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.09. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. SiteOne Landscape Supply had a net margin of 2.98% and a return on equity of 8.62%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. Sell-side analysts expect 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.