Summit Creek Advisors LLC Trims Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Summit Creek Advisors LLC trimmed its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,698 shares of the industrial products company’s stock after selling 5,009 shares during the quarter. Summit Creek Advisors LLC owned about 0.16% of SiteOne Landscape Supply worth $8,705,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in SiteOne Landscape Supply by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,158,085 shares of the industrial products company’s stock valued at $725,794,000 after purchasing an additional 23,362 shares during the period. Conestoga Capital Advisors LLC boosted its stake in SiteOne Landscape Supply by 2.5% during the second quarter. Conestoga Capital Advisors LLC now owns 1,141,624 shares of the industrial products company’s stock worth $138,605,000 after buying an additional 28,265 shares during the last quarter. Wasatch Advisors LP boosted its stake in SiteOne Landscape Supply by 47.8% during the first quarter. Wasatch Advisors LP now owns 986,602 shares of the industrial products company’s stock worth $172,211,000 after buying an additional 319,071 shares during the last quarter. Jackson Square Partners LLC boosted its stake in SiteOne Landscape Supply by 25.6% during the fourth quarter. Jackson Square Partners LLC now owns 809,775 shares of the industrial products company’s stock worth $131,588,000 after buying an additional 165,067 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in SiteOne Landscape Supply by 14.7% during the fourth quarter. Allianz Asset Management GmbH now owns 798,300 shares of the industrial products company’s stock worth $129,724,000 after buying an additional 102,207 shares during the last quarter.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock opened at $134.71 on Friday. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. 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 business has a 50 day simple moving average of $133.86 and a 200-day simple moving average of $150.09. The stock has a market capitalization of $6.08 billion, a PE ratio of 39.05 and a beta of 1.53.

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 (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.13. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. SiteOne Landscape Supply’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.71 earnings per share. Equities analysts predict that SiteOne Landscape Supply, Inc. will post 3.19 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SITE. StockNews.com cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Jefferies Financial Group lowered their price target on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Robert W. Baird decreased their target price on SiteOne Landscape Supply from $175.00 to $168.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Barclays reduced their price target 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 reduced their price target on SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, June 13th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $144.33.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.04, for a total value of $113,297.12. Following 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by corporate insiders.

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.