Brown Advisory Inc. Has $49.87 Million Stake in SiteOne Landscape Supply, Inc. $SITE

Brown Advisory Inc. lowered its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 16.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 400,403 shares of the industrial products company’s stock after selling 81,462 shares during the period. Brown Advisory Inc.’s holdings in SiteOne Landscape Supply were worth $49,874,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SITE. Millennium Management LLC lifted its stake in shares of SiteOne Landscape Supply by 45.9% in the 1st quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock valued at $9,126,000 after purchasing an additional 23,657 shares during the last quarter. NewEdge Advisors LLC lifted its position 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 during the last quarter. Goldman Sachs Group Inc. lifted its position in SiteOne Landscape Supply by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock worth $25,907,000 after acquiring an additional 11,574 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in SiteOne Landscape Supply by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company’s stock worth $20,679,000 after acquiring an additional 16,378 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in SiteOne Landscape Supply during the 1st quarter worth $6,797,000.

SiteOne Landscape Supply Price Performance

SITE opened at $106.30 on Monday. SiteOne Landscape Supply, Inc. has a one year low of $100.52 and a one year high of $168.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96. The company’s 50 day simple moving average is $122.67 and its 200-day simple moving average is $132.47. The stock has a market capitalization of $4.71 billion, a P/E ratio of 31.54, a price-to-earnings-growth ratio of 1.39 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.27). SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The company had revenue of $940.10 million for the quarter, compared to the consensus estimate of $982.27 million. During the same period last year, the company earned ($0.61) earnings per share. SiteOne Landscape Supply’s revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. UBS Group assumed coverage on shares of SiteOne Landscape Supply in a report on Friday, April 10th. They set a “neutral” rating and a $140.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a report on Thursday, April 30th. Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a report on Monday, May 4th. Finally, Bank of America dropped their price objective on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $160.10.

Insiders Place Their Bets

In related news, Director Fred M. Diaz sold 563 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total value of $64,818.19. Following the transaction, the director directly owned 11,829 shares in the company, valued at $1,361,872.77. This represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by corporate insiders.

About SiteOne Landscape Supply

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.