Cibc World Market Inc. Sells 659 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Cibc World Market Inc. reduced its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITEGet Rating) by 6.7% during the second quarter, Holdings Channel reports. The firm owned 9,185 shares of the industrial products company’s stock after selling 659 shares during the period. Cibc World Market Inc.’s holdings in SiteOne Landscape Supply were worth $1,092,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its position in SiteOne Landscape Supply by 184.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 213 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 138 shares during the period. Bartlett & Co. LLC bought a new stake in SiteOne Landscape Supply in the second quarter worth about $25,000. Signaturefd LLC raised its position in SiteOne Landscape Supply by 1,156.3% in the first quarter. Signaturefd LLC now owns 201 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 185 shares during the period. Castle Wealth Management LLC bought a new stake in SiteOne Landscape Supply in the second quarter worth about $33,000. Finally, Steward Partners Investment Advisory LLC raised its position in SiteOne Landscape Supply by 1,187.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 296 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 273 shares during the period.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black sold 9,591 shares of the firm’s stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $105.84, for a total transaction of $1,015,111.44. Following the completion of the sale, the chief executive officer now directly owns 536,007 shares in the company, valued at approximately $56,730,980.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank of Canada lowered their price objective on shares of SiteOne Landscape Supply from $126.00 to $116.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 3rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of SiteOne Landscape Supply from $189.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, October 20th. Robert W. Baird boosted their price target on shares of SiteOne Landscape Supply from $150.00 to $160.00 in a research report on Thursday, November 3rd. UBS Group lowered their price target on shares of SiteOne Landscape Supply from $165.00 to $152.00 and set a “neutral” rating on the stock in a research report on Thursday, August 4th. Finally, StockNews.com began coverage on shares of SiteOne Landscape Supply in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus price target of $144.13.

SiteOne Landscape Supply Price Performance

SITE stock opened at $120.22 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.03 and a current ratio of 2.43. SiteOne Landscape Supply, Inc. has a 52 week low of $97.36 and a 52 week high of $254.01. The firm’s fifty day moving average is $112.44 and its 200 day moving average is $122.31. The firm has a market cap of $5.42 billion, a P/E ratio of 20.14 and a beta of 1.39.

SiteOne Landscape Supply (NYSE:SITEGet Rating) last posted its earnings results on Wednesday, November 2nd. The industrial products company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.53 by $0.07. SiteOne Landscape Supply had a net margin of 6.97% and a return on equity of 23.18%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Research analysts predict that SiteOne Landscape Supply, Inc. will post 5.51 earnings per share for the current year.

SiteOne Landscape Supply Company Profile

(Get Rating)

SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 135,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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.

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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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