SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Purchased by Vestmark Advisory Solutions Inc.

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

A number of other hedge funds also recently bought and sold shares of the business. Conestoga Capital Advisors LLC raised its stake in shares of SiteOne Landscape Supply by 0.6% during the 4th 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 during the period. Allspring Global Investments Holdings LLC lifted its holdings in 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 purchasing an additional 75,698 shares in the last quarter. Loomis Sayles & Co. L P grew its position in shares of SiteOne Landscape Supply by 2.6% in 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 purchasing an additional 12,084 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of SiteOne Landscape Supply by 4.0% during the third 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. increased its stake in shares of SiteOne Landscape Supply by 14.1% during the third quarter. Invesco Ltd. now owns 447,880 shares of the industrial products company’s stock worth $73,206,000 after purchasing an additional 55,434 shares in the last quarter.

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $180.00, for a total transaction 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 legal filing with the SEC, which is available through this hyperlink. In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $180.00, for a total value of $540,000.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total transaction of $1,763,500.00. Following the sale, the chief executive officer now owns 574,657 shares of the company’s stock, valued at $101,340,761.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,000 shares of company stock worth $3,924,500. Insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SITE shares. Royal Bank of Canada lifted their price objective on SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. Stifel Nicolaus raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lowered their price target for the stock from $167.00 to $165.00 in a research note on Thursday. Robert W. Baird increased their price objective on SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Barclays decreased their price objective on SiteOne Landscape Supply from $145.00 to $133.00 and set an “underweight” rating on the stock in a report on Thursday. Finally, Truist Financial dropped their target price on shares of SiteOne Landscape Supply from $204.00 to $175.00 and set a “buy” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $167.50.

SiteOne Landscape Supply Trading Up 1.4 %

Shares of NYSE SITE traded up $2.06 during trading on Friday, hitting $152.42. 481,180 shares of the company were exchanged, compared to its average volume of 350,666. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 2.36. SiteOne Landscape Supply, Inc. has a 12-month low of $116.81 and a 12-month high of $188.01. The company has a fifty day moving average price of $169.37 and a 200-day moving average price of $156.72. The firm 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 posted its earnings results 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. As a group, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current year.

SiteOne Landscape Supply Company 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.