SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd decreased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 517,019 shares of the industrial products company’s stock after selling 37,020 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in SiteOne Landscape Supply were worth $68,128,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Barclays PLC lifted its position in SiteOne Landscape Supply by 71.2% during the third quarter. Barclays PLC now owns 48,398 shares of the industrial products company’s stock worth $7,304,000 after buying an additional 20,134 shares in the last quarter. US Bancorp DE grew its holdings in shares of SiteOne Landscape Supply by 10.5% in the fourth quarter. US Bancorp DE now owns 6,717 shares of the industrial products company’s stock valued at $885,000 after purchasing an additional 638 shares during the period. SG Americas Securities LLC acquired a new stake in SiteOne Landscape Supply during the fourth quarter worth about $427,000. Jones Financial Companies Lllp increased its position in SiteOne Landscape Supply by 11.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock worth $197,000 after purchasing an additional 156 shares during the last quarter. Finally, Crown Oak Advisors LLC raised its stake in SiteOne Landscape Supply by 12.9% during the fourth quarter. Crown Oak Advisors LLC now owns 53,084 shares of the industrial products company’s stock worth $6,995,000 after purchasing an additional 6,074 shares during the period.

SiteOne Landscape Supply Trading Down 0.6 %

NYSE SITE opened at $120.69 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 44.87 and a beta of 1.62. The firm has a 50 day simple moving average of $118.34 and a 200-day simple moving average of $132.79. SiteOne Landscape Supply, Inc. has a one year low of $101.25 and a one year high of $161.25.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.11). The business had revenue of $939.40 million during the quarter, compared to analyst estimates of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.43) EPS. Equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SITE. Deutsche Bank Aktiengesellschaft started coverage on shares of SiteOne Landscape Supply in a report on Tuesday, April 1st. They set a “hold” rating and a $135.00 price target for the company. Loop Capital decreased their price target on SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. 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 report on Thursday, May 1st. Stifel Nicolaus reduced their price objective on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating on the stock in a report on Monday, April 28th. Finally, Barclays lowered their target price on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $145.70.

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.