Crown Oak Advisors LLC Sells 2,633 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Crown Oak Advisors LLC reduced its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 47,010 shares of the industrial products company’s stock after selling 2,633 shares during the period. 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’s holdings in SiteOne Landscape Supply were worth $7,094,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MJP Associates Inc. ADV boosted its position 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 buying an additional 92 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of SiteOne Landscape Supply by 5.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company’s stock valued at $245,000 after buying an additional 98 shares in the last quarter. Equitable Trust Co. grew its holdings in 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. iA Global Asset Management Inc. grew its stake in SiteOne Landscape Supply by 7.9% during 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. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of SiteOne Landscape Supply by 35.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 521 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 135 shares during the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of SITE traded down $0.45 during trading hours on Thursday, hitting $146.86. The stock had a trading volume of 11,204 shares, compared to its average volume of 362,286. The firm has a 50-day moving average price of $141.83 and a 200 day moving average price of $144.04. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 42.70 and a beta of 1.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 2.47.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data 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 company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company earned $2.71 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.19 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on SITE shares. Robert W. Baird raised their price target on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada lowered their price target on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. UBS Group dropped their price target 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. Truist Financial lifted their target price on SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 target price on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $147.20.

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $129.04, for a total transaction of $113,297.12. Following the transaction, the director now owns 11,267 shares in the company, valued at approximately $1,453,893.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by company insiders.

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.