SiteOne Landscape Supply, Inc. (NYSE:SITE) Stock Position Lowered by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 11.9% in the 4th quarter, Holdings Channel reports. The fund owned 2,895 shares of the industrial products company’s stock after selling 390 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in SiteOne Landscape Supply were worth $470,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC purchased a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $26,000. Operose Advisors LLC purchased a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $28,000. Eagle Bay Advisors LLC purchased a new stake in shares of SiteOne Landscape Supply in the 2nd quarter valued at approximately $29,000. Impact Partnership Wealth LLC purchased a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $30,000. Finally, Bessemer Group Inc. lifted its position in shares of SiteOne Landscape Supply by 383.3% in the 4th quarter. Bessemer Group Inc. now owns 261 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 207 shares in the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $156.08 on Friday. The company’s fifty day moving average is $170.78 and its 200-day moving average is $156.74. SiteOne Landscape Supply, Inc. has a 12 month low of $116.81 and a 12 month high of $188.01. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 41.29 and a beta of 1.54. The company has a quick ratio of 1.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.29.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, February 14th. The industrial products company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.07. SiteOne Landscape Supply had a net margin of 4.03% and a return on equity of 12.13%. The company had revenue of $965.00 million for the quarter, compared to analyst estimates of $942.21 million. During the same quarter in the prior year, the business posted ($0.02) EPS. SiteOne Landscape Supply’s quarterly revenue was up 8.4% on a year-over-year basis. Equities analysts expect that SiteOne Landscape Supply, Inc. will post 4.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Truist Financial upped their price target on shares of SiteOne Landscape Supply from $170.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Royal Bank of Canada increased their target price on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Loop Capital downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Barclays increased their target price on shares of SiteOne Landscape Supply from $121.00 to $145.00 and gave the stock an “underweight” rating in a research report on Thursday, February 15th. Finally, Robert W. Baird increased their target price on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus target price of $172.88.

Insider Transactions 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 transaction of $540,000.00. Following the transaction, the chief financial officer now owns 15,467 shares in the company, valued at approximately $2,784,060. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Doug Black sold 10,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 574,657 shares in the company, valued at approximately $101,340,761.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John T. Guthrie sold 3,000 shares of the firm’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 in the company, 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 $3,924,500 in the last 90 days. 2.70% of the stock is owned by insiders.

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.