Victory Capital Management Inc. Sells 111 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Victory Capital Management Inc. lowered its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 1.9% during the third quarter, Holdings Channel.com reports. The firm owned 5,637 shares of the industrial products company’s stock after selling 111 shares during the quarter. Victory Capital Management Inc.’s holdings in SiteOne Landscape Supply were worth $851,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC boosted its position in SiteOne Landscape Supply by 2.5% during the second quarter. Conestoga Capital Advisors LLC now owns 1,141,624 shares of the industrial products company’s stock valued at $138,605,000 after purchasing an additional 28,265 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 last quarter. Bank of New York Mellon Corp raised its stake in shares of SiteOne Landscape Supply by 49.3% in the second quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company’s stock worth $58,226,000 after purchasing an additional 158,350 shares during the last quarter. American Century Companies Inc. raised its stake in shares of SiteOne Landscape Supply by 44.3% in the second quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company’s stock worth $43,717,000 after purchasing an additional 110,589 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of SiteOne Landscape Supply by 8.1% in the second quarter. Envestnet Asset Management Inc. now owns 339,271 shares of the industrial products company’s stock worth $41,191,000 after purchasing an additional 25,391 shares during the last quarter.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $152.92 on Thursday. The stock’s fifty day moving average is $146.31 and its two-hundred day moving average is $140.44. The firm has a market capitalization of $6.90 billion, a P/E ratio of 49.49 and a beta of 1.53. 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, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. SiteOne Landscape Supply’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Royal Bank of Canada reduced their price target on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Stifel Nicolaus lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a report on Thursday, August 1st. Robert W. Baird raised their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Barclays lifted their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group initiated coverage on SiteOne Landscape Supply in a research note on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus price target of $147.80.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 6,500 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total value of $924,300.00. Following the sale, the executive vice president now owns 12,942 shares in the company, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.60% of the company’s stock.

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.