AMI Asset Management Corp Lowers Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

AMI Asset Management Corp lessened its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,213 shares of the industrial products company’s stock after selling 163 shares during the quarter. AMI Asset Management Corp’s holdings in SiteOne Landscape Supply were worth $555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP boosted its stake in shares of SiteOne Landscape Supply by 11.4% in the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock worth $238,083,000 after buying an additional 161,846 shares during the last quarter. Bamco Inc. NY lifted its position in SiteOne Landscape Supply by 8.9% during the third quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock valued at $238,489,000 after purchasing an additional 129,252 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of SiteOne Landscape Supply in the second quarter worth about $7,540,000. Dimensional Fund Advisors LP boosted its position in shares of SiteOne Landscape Supply by 10.3% in the second quarter. Dimensional Fund Advisors LP now owns 568,349 shares of the industrial products company’s stock worth $69,007,000 after purchasing an additional 53,131 shares during the period. Finally, Premier Fund Managers Ltd increased its stake in SiteOne Landscape Supply by 14.1% in the 3rd quarter. Premier Fund Managers Ltd now owns 405,738 shares of the industrial products company’s stock worth $61,415,000 after buying an additional 50,000 shares in the last quarter.

Insider Activity

In other news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at $1,840,352.40. This represents a 33.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply Trading Up 3.0 %

SITE opened at $143.00 on Tuesday. The business’s 50 day moving average price is $140.46 and its 200 day moving average price is $140.52. The stock has a market capitalization of $6.45 billion, a PE ratio of 46.28 and a beta of 1.56. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company earned $1.25 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SITE shares. Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price target for the stock from $145.00 to $175.00 in a report on Friday, December 6th. The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 target price on the stock. Robert W. Baird increased their price objective on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Barclays increased their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. Finally, StockNews.com downgraded SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $156.44.

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.