M&T Bank Corp Lowers Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

M&T Bank Corp trimmed its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 75.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,928 shares of the industrial products company’s stock after selling 8,814 shares during the quarter. M&T Bank Corp’s holdings in SiteOne Landscape Supply were worth $442,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SITE. Nomura Asset Management Co. Ltd. increased its position in SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 100 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of SiteOne Landscape Supply in the second quarter valued at approximately $27,000. Blue Trust Inc. boosted its stake in shares of SiteOne Landscape Supply by 287.7% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after buying an additional 187 shares in the last quarter. American National Bank & Trust acquired a new position in SiteOne Landscape Supply during the third quarter worth $49,000. Finally, Eagle Bay Advisors LLC raised its position in SiteOne Landscape Supply by 126.9% in the third quarter. Eagle Bay Advisors LLC now owns 497 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 278 shares in the last quarter.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply 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 completion of the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is owned by insiders.

SiteOne Landscape Supply Trading Down 0.5 %

Shares of SiteOne Landscape Supply stock opened at $140.15 on Wednesday. The business has a 50 day moving average price of $146.01 and a 200 day moving average price of $139.69. The company has a market capitalization of $6.32 billion, a P/E ratio of 45.36 and a beta of 1.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last released 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). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $1.25 earnings per share. Sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SITE. The Goldman Sachs Group started coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They set a “neutral” rating and a $158.00 price target on the stock. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their target price for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Barclays upped their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. Finally, Robert W. Baird lifted their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus price target of $156.44.

SiteOne Landscape Supply Company 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.