SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC lowered its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 67.5% in the second quarter, HoldingsChannel.com reports. The fund owned 219 shares of the industrial products company’s stock after selling 455 shares during the quarter. Eagle Bay Advisors LLC’s holdings in SiteOne Landscape Supply were worth $27,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 14,782.5% during the fourth quarter. International Assets Investment Management LLC now owns 90,188 shares of the industrial products company’s stock worth $14,656,000 after purchasing an additional 89,582 shares during the period. GAMMA Investing LLC purchased a new position in SiteOne Landscape Supply during the 4th quarter worth approximately $38,000. Atria Wealth Solutions Inc. acquired a new stake in SiteOne Landscape Supply during the 4th quarter valued at approximately $201,000. Van ECK Associates Corp boosted its holdings in shares of SiteOne Landscape Supply by 27.5% in the 4th quarter. Van ECK Associates Corp now owns 11,053 shares of the industrial products company’s stock valued at $1,796,000 after acquiring an additional 2,386 shares during the last quarter. Finally, Mach 1 Financial Group LLC acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter worth $211,000.

Insider Activity

In other news, Director Fred M. Diaz sold 878 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $129.04, for a total transaction of $113,297.12. Following the completion of the sale, the director now owns 11,267 shares of the company’s stock, valued at $1,453,893.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Price Performance

NYSE SITE traded down $0.07 on Wednesday, hitting $139.94. The company had a trading volume of 81,215 shares, compared to its average volume of 381,529. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10. The company has a market capitalization of $6.33 billion, a PE ratio of 40.64 and a beta of 1.52. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $188.01. The company’s fifty day moving average price is $132.67 and its 200-day moving average price is $151.04.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.13. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company posted $2.71 EPS. SiteOne Landscape Supply’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts predict that SiteOne Landscape Supply, Inc. will post 3.19 earnings per share for the current year.

Analyst Ratings Changes

SITE has been the subject of a number of research reports. Truist Financial boosted their target price on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a research note on Thursday, August 1st. UBS Group reduced their price target on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Barclays lowered their price objective on SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating on the stock in a research report on Friday, July 12th. Finally, Loop Capital cut their target price on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, June 13th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and a consensus price target of $144.33.

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.