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

Summit Creek Advisors LLC cut its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,698 shares of the industrial products company’s stock after selling 5,009 shares during the quarter. Summit Creek Advisors LLC’s holdings in SiteOne Landscape Supply were worth $8,705,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new position in SiteOne Landscape Supply during the first quarter worth about $29,000. Principal Securities Inc. purchased a new position in shares of SiteOne Landscape Supply in the 4th quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of SiteOne Landscape Supply in the 2nd quarter worth about $27,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of SiteOne Landscape Supply by 588.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 247 shares during the period. Finally, YHB Investment Advisors Inc. purchased a new position in shares of SiteOne Landscape Supply in the 1st quarter worth about $58,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SITE shares. UBS Group cut their price objective on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Loop Capital cut their price objective on SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, June 13th. Truist Financial raised their price objective on SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays cut their price objective on SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating on the stock in a report on Friday, July 12th. Finally, Robert W. Baird dropped their target price on SiteOne Landscape Supply from $175.00 to $168.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and an average target price of $144.33.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE opened at $134.71 on Friday. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. The business has a 50 day moving average price of $133.86 and a two-hundred day moving average price of $150.09. The company has a quick ratio of 1.10, a current ratio of 2.47 and a debt-to-equity ratio of 0.36. The firm has a market cap of $6.08 billion, a PE ratio of 39.05 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last issued 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 return on equity of 10.27% and a net margin of 3.50%. The firm 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 earned $2.71 EPS. SiteOne Landscape Supply’s quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 3.19 earnings per share for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 878 shares of SiteOne Landscape Supply stock in a transaction that occurred 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 completion of the transaction, the director now owns 11,267 shares in the company, valued at approximately $1,453,893.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.70% of the company’s stock.

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.