SiteOne Landscape Supply, Inc. $SITE Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 3.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 499,817 shares of the industrial products company’s stock after selling 17,004 shares during the quarter. Brown Advisory Inc.’s holdings in SiteOne Landscape Supply were worth $60,448,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP raised its holdings in SiteOne Landscape Supply by 61.2% during the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 90 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of SiteOne Landscape Supply in the 1st quarter valued at $32,000. NewEdge Advisors LLC raised its stake in SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 107 shares in the last quarter. Parallel Advisors LLC lifted its position in SiteOne Landscape Supply by 49.5% in the second quarter. Parallel Advisors LLC now owns 562 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 186 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in SiteOne Landscape Supply in the first quarter valued at $69,000.

SiteOne Landscape Supply Stock Up 0.8%

SiteOne Landscape Supply stock opened at $131.34 on Friday. The stock has a 50 day moving average of $126.52 and a two-hundred day moving average of $129.23. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $156.93. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 42.64, a PEG ratio of 2.12 and a beta of 1.60. The company has a current ratio of 2.49, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.22 by $0.09. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SITE shares. William Blair reiterated a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 15th. Royal Bank Of Canada lifted their price target on SiteOne Landscape Supply from $143.00 to $151.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. Stifel Nicolaus set a $140.00 price objective on SiteOne Landscape Supply in a research note on Monday, November 17th. Barclays increased their price objective on SiteOne Landscape Supply from $106.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $149.56.

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.