Summitry LLC Has $267,000 Stock Holdings in SiteOne Landscape Supply, Inc. $SITE

Summitry LLC increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 28.5% during the second quarter, HoldingsChannel.com reports. The firm owned 2,206 shares of the industrial products company’s stock after buying an additional 489 shares during the period. Summitry LLC’s holdings in SiteOne Landscape Supply were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of SiteOne Landscape Supply by 12.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,079,615 shares of the industrial products company’s stock valued at $738,309,000 after buying an additional 660,081 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of SiteOne Landscape Supply by 31.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,092,742 shares of the industrial products company’s stock valued at $254,143,000 after acquiring an additional 494,737 shares in the last quarter. Ameriprise Financial Inc. increased its stake in SiteOne Landscape Supply by 21.3% in the first quarter. Ameriprise Financial Inc. now owns 773,358 shares of the industrial products company’s stock valued at $93,913,000 after acquiring an additional 135,949 shares during the period. Geneva Capital Management LLC raised its position in SiteOne Landscape Supply by 7.2% in the second quarter. Geneva Capital Management LLC now owns 760,186 shares of the industrial products company’s stock worth $91,937,000 after purchasing an additional 50,915 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in SiteOne Landscape Supply by 3.1% in the second quarter. Allianz Asset Management GmbH now owns 666,259 shares of the industrial products company’s stock worth $80,577,000 after purchasing an additional 20,055 shares in the last quarter.

SiteOne Landscape Supply Stock Up 1.1%

Shares of NYSE SITE opened at $128.48 on Monday. The company has a current ratio of 2.49, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $5.72 billion, a PE ratio of 41.71, a price-to-earnings-growth ratio of 2.09 and a beta of 1.60. The firm’s 50-day moving average is $128.36 and its 200-day moving average is $128.37. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $160.74.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.09. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 earnings per share. Equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analyst Upgrades and Downgrades

SITE has been the topic of several analyst reports. The Goldman Sachs Group lowered their price objective on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Wall Street Zen raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on SiteOne Landscape Supply from $143.00 to $151.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Finally, William Blair restated a “market perform” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 15th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $150.70.

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.