Atria Investments Inc Trims Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Atria Investments Inc decreased its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,771 shares of the industrial products company’s stock after selling 437 shares during the period. Atria Investments Inc’s holdings in SiteOne Landscape Supply were worth $3,102,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Legacy Capital Group California Inc. increased its position in shares of SiteOne Landscape Supply by 3.2% in the fourth quarter. Legacy Capital Group California Inc. now owns 2,886 shares of the industrial products company’s stock worth $469,000 after acquiring an additional 90 shares in the last quarter. Hills Bank & Trust Co increased its position in shares of SiteOne Landscape Supply by 8.7% in the fourth quarter. Hills Bank & Trust Co now owns 1,566 shares of the industrial products company’s stock worth $254,000 after acquiring an additional 125 shares in the last quarter. iA Global Asset Management Inc. increased its position in shares of SiteOne Landscape Supply by 7.9% in the first quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 127 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its position in shares of SiteOne Landscape Supply by 4.0% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 4,193 shares of the industrial products company’s stock worth $732,000 after acquiring an additional 162 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its position in shares of SiteOne Landscape Supply by 9.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 1,950 shares of the industrial products company’s stock worth $317,000 after acquiring an additional 165 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently weighed in on SITE. Barclays decreased their target price on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating for the company in a research note on Friday, July 12th. UBS Group decreased their target price on shares of SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Truist Financial upped their target price on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday. StockNews.com downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Stifel Nicolaus downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, SiteOne Landscape Supply currently has an average rating of “Hold” and a consensus price target of $144.33.

SiteOne Landscape Supply Stock Down 2.9 %

NYSE SITE traded down $4.10 during trading hours on Friday, reaching $135.49. 928,497 shares of the company traded hands, compared to its average volume of 668,108. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The company has a current ratio of 2.47, a quick ratio of 0.96 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $6.11 billion, a PE ratio of 39.27 and a beta of 1.52. The company has a 50 day moving average of $133.59 and a two-hundred day moving average of $153.58.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.13. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.71 earnings per share. As a group, equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.56 earnings per share for the current year.

About SiteOne Landscape Supply

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.