Brown Capital Management LLC Sells 9,745 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Brown Capital Management LLC lessened its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 64.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,388 shares of the industrial products company’s stock after selling 9,745 shares during the period. Brown Capital Management LLC’s holdings in SiteOne Landscape Supply were worth $813,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SITE. MJP Associates Inc. ADV boosted its stake in shares of SiteOne Landscape Supply by 5.7% during the second quarter. MJP Associates Inc. ADV now owns 1,707 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 92 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of SiteOne Landscape Supply by 5.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 98 shares during the last quarter. Equitable Trust Co. grew its stake in shares of SiteOne Landscape Supply by 3.0% in the second quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company’s stock worth $432,000 after purchasing an additional 103 shares during the last quarter. Arkadios Wealth Advisors raised its position in SiteOne Landscape Supply by 6.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 106 shares during the last quarter. Finally, iA Global Asset Management Inc. grew its position in shares of SiteOne Landscape Supply by 7.9% in the 1st quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company’s stock worth $304,000 after buying an additional 127 shares during the last quarter.

Analyst Upgrades and Downgrades

SITE has been the subject of several research reports. Robert W. Baird increased their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Truist Financial lifted their target price on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 1st. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price target for the company. Finally, Stifel Nicolaus cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $147.80.

SiteOne Landscape Supply Stock Up 0.8 %

Shares of SITE stock opened at $139.54 on Thursday. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The stock has a market cap of $6.30 billion, a P/E ratio of 45.16 and a beta of 1.53. The company has a 50 day simple moving average of $145.50 and a two-hundred day simple moving average of $140.66.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.21). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company posted $1.25 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. On average, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current year.

SiteOne Landscape Supply Company 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.