Oak Ridge Investments LLC decreased its holdings in SiteOne Landscape Supply Inc (NYSE:SITE) by 14.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,127 shares of the industrial products company’s stock after selling 14,510 shares during the quarter. Oak Ridge Investments LLC owned about 0.20% of SiteOne Landscape Supply worth $6,267,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its position in SiteOne Landscape Supply by 2.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,344 shares of the industrial products company’s stock worth $320,000 after acquiring an additional 121 shares in the last quarter. Redmond Asset Management LLC increased its position in shares of SiteOne Landscape Supply by 0.6% in the fourth quarter. Redmond Asset Management LLC now owns 25,111 shares of the industrial products company’s stock valued at $2,276,000 after buying an additional 138 shares in the last quarter. US Bancorp DE increased its position in shares of SiteOne Landscape Supply by 5.9% in the first quarter. US Bancorp DE now owns 3,064 shares of the industrial products company’s stock valued at $225,000 after buying an additional 172 shares in the last quarter. Synovus Financial Corp increased its position in shares of SiteOne Landscape Supply by 13.6% in the first quarter. Synovus Financial Corp now owns 1,604 shares of the industrial products company’s stock valued at $118,000 after buying an additional 192 shares in the last quarter. Finally, Strs Ohio increased its position in shares of SiteOne Landscape Supply by 4.4% in the first quarter. Strs Ohio now owns 4,700 shares of the industrial products company’s stock valued at $346,000 after buying an additional 200 shares in the last quarter.

A number of research analysts have recently weighed in on SITE shares. Zacks Investment Research cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Tuesday, May 12th. William Blair restated an “outperform” rating on shares of SiteOne Landscape Supply in a research report on Tuesday, February 18th. Robert W. Baird cut SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $64.00 price target for the company. in a research report on Monday, April 6th. Barclays restated a “hold” rating and issued a $78.00 price target on shares of SiteOne Landscape Supply in a research report on Monday, April 20th. Finally, SunTrust Banks raised their price target on SiteOne Landscape Supply from $80.00 to $98.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $84.75.

In other news, CEO Doug Black sold 15,000 shares of SiteOne Landscape Supply stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $75.25, for a total value of $1,128,750.00. Following the transaction, the chief executive officer now directly owns 390,336 shares of the company’s stock, valued at approximately $29,372,784. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP L Briley Brisendine, Jr. sold 1,800 shares of SiteOne Landscape Supply stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $87.97, for a total value of $158,346.00. Following the completion of the transaction, the executive vice president now directly owns 21,061 shares in the company, valued at $1,852,736.17. The disclosure for this sale can be found here. 3.49% of the stock is currently owned by company insiders.

NYSE:SITE traded up $1.87 during mid-day trading on Wednesday, reaching $111.28. The company’s stock had a trading volume of 23,162 shares, compared to its average volume of 350,964. The company’s fifty day simple moving average is $87.82 and its two-hundred day simple moving average is $88.88. The company has a debt-to-equity ratio of 2.26, a current ratio of 2.32 and a quick ratio of 0.94. SiteOne Landscape Supply Inc has a twelve month low of $53.29 and a twelve month high of $119.42. The stock has a market cap of $4.44 billion, a P/E ratio of 56.69 and a beta of 1.27.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.42) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.13. SiteOne Landscape Supply had a return on equity of 22.45% and a net margin of 3.51%. The firm had revenue of $459.80 million for the quarter, compared to analyst estimates of $454.84 million. During the same period last year, the company earned ($0.59) EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. Sell-side analysts expect that SiteOne Landscape Supply Inc will post 1.6 EPS for the current fiscal year.

SiteOne Landscape Supply Profile

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 120,000 stock keeping units, including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, outdoor lightings, and ice melt products, as well as hardscapes, such as pavers, natural stones, and blocks.

Featured Story: What is the Coverage Ratio?

Want to see what other hedge funds are holding SITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiteOne Landscape Supply Inc (NYSE:SITE).

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

Receive News & Ratings for SiteOne Landscape Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply and related companies with MarketBeat.com's FREE daily email newsletter.