Crown Oak Advisors LLC Cuts Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Crown Oak Advisors LLC reduced its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,010 shares of the industrial products company’s stock after selling 2,633 shares during the quarter. SiteOne Landscape Supply comprises approximately 3.9% of Crown Oak Advisors LLC’s portfolio, making the stock its 13th biggest holding. Crown Oak Advisors LLC owned approximately 0.10% of SiteOne Landscape Supply worth $7,094,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Cetera Advisors LLC bought a new stake in SiteOne Landscape Supply in the 1st quarter worth approximately $708,000. Picton Mahoney Asset Management boosted its stake in shares of SiteOne Landscape Supply by 3,279.9% in the 1st quarter. Picton Mahoney Asset Management now owns 24,842 shares of the industrial products company’s stock valued at $4,337,000 after purchasing an additional 24,107 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of SiteOne Landscape Supply by 54.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 22,151 shares of the industrial products company’s stock valued at $3,866,000 after purchasing an additional 7,829 shares during the last quarter. Swedbank AB purchased a new position in SiteOne Landscape Supply in the 1st quarter worth $16,757,000. Finally, Cetera Investment Advisers lifted its stake in SiteOne Landscape Supply by 143.8% in the first quarter. Cetera Investment Advisers now owns 12,281 shares of the industrial products company’s stock worth $2,144,000 after purchasing an additional 7,244 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. UBS Group reduced their price objective on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Robert W. Baird raised their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stifel Nicolaus downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research report on Thursday, August 1st. Royal Bank of Canada dropped their target price on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. Finally, Truist Financial raised their target price on SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply currently has an average rating of “Hold” and a consensus price target of $147.20.

Insider Activity at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 878 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $129.04, for a total value of $113,297.12. Following the completion of the sale, the director now directly owns 11,267 shares of the company’s stock, valued at approximately $1,453,893.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by corporate insiders.

SiteOne Landscape Supply Stock Down 0.3 %

Shares of NYSE:SITE traded down $0.45 during trading on Thursday, hitting $146.86. The stock had a trading volume of 11,204 shares, compared to its average volume of 362,286. The company has a quick ratio of 1.10, a current ratio of 2.47 and a debt-to-equity ratio of 0.36. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The company has a market capitalization of $6.64 billion, a PE ratio of 42.70 and a beta of 1.53. The firm’s fifty day moving average is $141.83 and its 200 day moving average is $144.04.

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