Raymond James & Associates Sells 4,978 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Raymond James & Associates cut its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITEFree Report) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 243,604 shares of the industrial products company’s stock after selling 4,978 shares during the quarter. Raymond James & Associates owned approximately 0.54% of SiteOne Landscape Supply worth $39,586,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SITE. Venturi Wealth Management LLC bought a new stake in shares of SiteOne Landscape Supply during the third quarter valued at about $26,000. Operose Advisors LLC bought a new stake in SiteOne Landscape Supply during the 3rd quarter worth approximately $28,000. Impact Partnership Wealth LLC purchased a new stake in SiteOne Landscape Supply in the 3rd quarter worth approximately $30,000. Pinebridge Investments L.P. bought a new position in SiteOne Landscape Supply in the 2nd quarter valued at $36,000. Finally, Benjamin Edwards Inc. grew its position in shares of SiteOne Landscape Supply by 81.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 218 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 98 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank of Canada lifted their price objective on SiteOne Landscape Supply from $150.00 to $157.00 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. Stifel Nicolaus cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and raised their price objective for the company from $150.00 to $167.00 in a research report on Tuesday, December 19th. Robert W. Baird increased their target price 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. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a $120.00 price objective (down from $123.00) on shares of SiteOne Landscape Supply in a report on Friday, December 8th. Finally, Truist Financial raised their price objective on SiteOne Landscape Supply from $170.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $172.88.

Check Out Our Latest Stock Analysis on SITE

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, 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 value of $540,000.00. Following the completion of the transaction, the chief financial officer now directly owns 15,467 shares in the company, valued at approximately $2,784,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total value of $1,763,500.00. Following the sale, the chief executive officer now owns 574,657 shares in the company, valued at $101,340,761.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John T. Guthrie sold 3,000 shares of SiteOne Landscape Supply stock in a transaction that occurred 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 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 worth $3,836,400 over the last quarter. Corporate insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Price Performance

SITE stock opened at $174.55 on Friday. The company has a current ratio of 2.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $167.32 and its two-hundred day moving average price is $155.83. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 46.18 and a beta of 1.54. SiteOne Landscape Supply, Inc. has a 12-month low of $116.81 and a 12-month high of $188.01.

SiteOne Landscape Supply (NYSE:SITEGet Free Report) last released its quarterly earnings results on Wednesday, February 14th. The industrial products company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. The business had revenue of $965.00 million during the quarter, compared to analyst estimates of $942.21 million. SiteOne Landscape Supply had a return on equity of 12.13% and a net margin of 4.03%. SiteOne Landscape Supply’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.02) EPS. As a group, equities analysts predict that SiteOne Landscape Supply, Inc. will post 4.2 earnings per share for the current year.

SiteOne Landscape Supply Company Profile

(Free Report)

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.

Further Reading

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

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