TD Asset Management Inc Purchases 5,340 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

TD Asset Management Inc grew its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 17.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,112 shares of the industrial products company’s stock after purchasing an additional 5,340 shares during the quarter. TD Asset Management Inc owned about 0.08% of SiteOne Landscape Supply worth $4,384,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in shares of SiteOne Landscape Supply by 5.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 34,701 shares of the industrial products company’s stock worth $5,639,000 after buying an additional 1,922 shares during the period. Cetera Advisors LLC acquired a new stake in shares of SiteOne Landscape Supply during the 1st quarter worth approximately $708,000. Picton Mahoney Asset Management grew its position in shares of SiteOne Landscape Supply by 3,279.9% during the 1st quarter. Picton Mahoney Asset Management now owns 24,842 shares of the industrial products company’s stock worth $4,337,000 after buying an additional 24,107 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of SiteOne Landscape Supply by 54.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 22,151 shares of the industrial products company’s stock worth $3,866,000 after buying an additional 7,829 shares during the period. Finally, Swedbank AB acquired a new stake in shares of SiteOne Landscape Supply during the 1st quarter worth approximately $16,757,000.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 878 shares of SiteOne Landscape Supply stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.04, for a total transaction of $113,297.12. Following the sale, the director now directly owns 11,267 shares in the company, valued at approximately $1,453,893.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Jefferies Financial Group reduced their price objective on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Robert W. Baird reduced their price target on shares of SiteOne Landscape Supply from $175.00 to $168.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. StockNews.com downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Loop Capital reduced their price target on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, June 13th. Finally, UBS Group reduced their price target on shares of SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply currently has an average rating of “Hold” and an average price target of $144.33.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $132.10 on Thursday. The company has a current ratio of 2.47, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock’s fifty day simple moving average is $135.34 and its two-hundred day simple moving average is $149.00. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. The stock has a market cap of $5.96 billion, a PE ratio of 38.29 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.13. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $2.71 EPS. The business’s revenue was up 4.4% on a year-over-year basis. As a group, analysts forecast that SiteOne Landscape Supply, Inc. will post 3.19 EPS for the current fiscal 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.