PNC Financial Services Group Inc. Has $1.32 Million Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

PNC Financial Services Group Inc. reduced its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,760 shares of the industrial products company’s stock after selling 434 shares during the period. PNC Financial Services Group Inc.’s holdings in SiteOne Landscape Supply were worth $1,322,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its position in SiteOne Landscape Supply by 20.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,601 shares of the industrial products company’s stock worth $279,000 after buying an additional 270 shares during the last quarter. Tidal Investments LLC bought a new stake in SiteOne Landscape Supply in the 1st quarter worth approximately $216,000. Comerica Bank boosted its stake in SiteOne Landscape Supply by 2.2% in the first quarter. Comerica Bank now owns 91,977 shares of the industrial products company’s stock worth $16,055,000 after buying an additional 2,021 shares in the last quarter. iA Global Asset Management Inc. grew its holdings in shares of SiteOne Landscape Supply by 7.9% during the 1st quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 127 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of SiteOne Landscape Supply in the 1st quarter valued at about $812,000.

SiteOne Landscape Supply Price Performance

SITE stock opened at $152.92 on Thursday. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The stock has a market cap of $6.90 billion, a PE ratio of 49.49 and a beta of 1.53. The company has a 50-day moving average price of $146.31 and a 200 day moving average price of $140.44.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 EPS. Equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current year.

Insider Activity at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $142.20, for a total value of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. The Goldman Sachs Group assumed coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price target for the company. Barclays raised their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Truist Financial raised their price target on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Stifel Nicolaus cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research report on Thursday, August 1st. Finally, Royal Bank of Canada cut their price objective on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $147.80.

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.