Boston Financial Mangement LLC Trims Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Boston Financial Mangement LLC lowered its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,743 shares of the industrial products company’s stock after selling 5,632 shares during the quarter. Boston Financial Mangement LLC owned 0.20% of SiteOne Landscape Supply worth $13,694,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SITE. MJP Associates Inc. ADV raised its holdings in SiteOne Landscape Supply by 5.7% during the 2nd 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 last quarter. Wealth Enhancement Advisory Services LLC increased its position in SiteOne Landscape Supply by 5.1% during 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. raised its position in shares of SiteOne Landscape Supply by 3.0% in the 2nd 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. Arkadios Wealth Advisors increased its position in shares of SiteOne Landscape Supply by 6.1% during the third quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock valued at $278,000 after acquiring an additional 106 shares in the last quarter. Finally, iA Global Asset Management Inc. increased its holdings in SiteOne Landscape Supply by 7.9% in 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 in the last quarter.

SiteOne Landscape Supply Stock Up 3.0 %

NYSE:SITE opened at $145.63 on Tuesday. The company’s 50 day moving average is $143.09 and its two-hundred day moving average is $142.22. The company has a market cap of $6.58 billion, a PE ratio of 42.21 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01. The company has a current ratio of 2.47, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the firm earned $2.71 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. Analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.23 EPS for the current year.

Insider Activity at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 878 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $129.04, for a total transaction of $113,297.12. Following the sale, the director now directly owns 11,267 shares of the company’s stock, valued at $1,453,893.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by insiders.

Analysts Set New Price Targets

SITE has been the topic of several research reports. Jefferies Financial Group dropped their target price on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Robert W. Baird lifted their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. StockNews.com lowered shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Barclays dropped their target price on SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating for the company in a report on Friday, July 12th. Finally, Stifel Nicolaus downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus price target of $147.20.

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.