Vestmark Advisory Solutions Inc. Increases Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Vestmark Advisory Solutions Inc. increased its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,855 shares of the industrial products company’s stock after purchasing an additional 546 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in SiteOne Landscape Supply were worth $2,901,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Conestoga Capital Advisors LLC increased its position in SiteOne Landscape Supply by 0.6% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,104,494 shares of the industrial products company’s stock worth $179,480,000 after buying an additional 6,620 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of SiteOne Landscape Supply by 14.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 586,629 shares of the industrial products company’s stock valued at $95,327,000 after acquiring an additional 75,698 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of SiteOne Landscape Supply by 2.6% during the third quarter. Loomis Sayles & Co. L P now owns 478,098 shares of the industrial products company’s stock valued at $78,145,000 after acquiring an additional 12,084 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in SiteOne Landscape Supply by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,910 shares of the industrial products company’s stock worth $77,624,000 after purchasing an additional 18,392 shares in the last quarter. Finally, Invesco Ltd. raised its stake in SiteOne Landscape Supply by 14.1% in the 3rd quarter. Invesco Ltd. now owns 447,880 shares of the industrial products company’s stock valued at $73,206,000 after purchasing an additional 55,434 shares during the last quarter.

SiteOne Landscape Supply Trading Up 1.4 %

SiteOne Landscape Supply stock traded up $2.06 during midday trading on Friday, reaching $152.42. The stock had a trading volume of 481,180 shares, compared to its average volume of 350,666. The stock’s 50-day simple moving average is $169.37 and its 200 day simple moving average is $156.72. SiteOne Landscape Supply, Inc. has a twelve month low of $116.81 and a twelve month high of $188.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 2.36. The stock has a market capitalization of $6.89 billion, a PE ratio of 44.18 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.22). The firm had revenue of $904.80 million during the quarter, compared to analyst estimates of $864.01 million. SiteOne Landscape Supply had a net margin of 3.63% and a return on equity of 10.77%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.10) earnings per share. Analysts expect that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current year.

Wall Street Analyst Weigh In

SITE has been the topic of several analyst reports. Robert W. Baird raised their price target on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Loop Capital cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Truist Financial reduced their price target on SiteOne Landscape Supply from $204.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday. Stifel Nicolaus raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lowered their price objective for the company from $167.00 to $165.00 in a research report on Thursday. Finally, Barclays reduced their target price on SiteOne Landscape Supply from $145.00 to $133.00 and set an “underweight” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $167.50.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, CFO John T. Guthrie sold 3,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $180.00, for a total value of $540,000.00. Following the completion of the sale, the chief financial officer now owns 15,467 shares of the company’s stock, valued at $2,784,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the sale, the chief executive officer now owns 574,657 shares in the company, valued at $93,151,899.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John T. Guthrie sold 3,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $180.00, for a total transaction of $540,000.00. Following the completion of the transaction, the chief financial officer now owns 15,467 shares of the company’s stock, valued at $2,784,060. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock valued at $3,924,500 over the last ninety days. Corporate insiders own 2.70% of the company’s stock.

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.