Zurcher Kantonalbank Zurich Cantonalbank Has $1.60 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,838 shares of the industrial products company’s stock after buying an additional 752 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SiteOne Landscape Supply were worth $1,599,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Crown Oak Advisors LLC bought a new position in SiteOne Landscape Supply in the 4th quarter valued at $7,917,000. WCM Investment Management LLC raised its position in SiteOne Landscape Supply by 33.4% in the 4th quarter. WCM Investment Management LLC now owns 33,429 shares of the industrial products company’s stock valued at $5,483,000 after purchasing an additional 8,379 shares during the last quarter. NewEdge Wealth LLC raised its position in SiteOne Landscape Supply by 3.6% in the 4th quarter. NewEdge Wealth LLC now owns 17,931 shares of the industrial products company’s stock valued at $2,914,000 after purchasing an additional 622 shares during the last quarter. Sapient Capital LLC bought a new position in SiteOne Landscape Supply in the 4th quarter valued at $549,000. Finally, Conestoga Capital Advisors LLC raised its position in shares of 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 acquiring an additional 6,620 shares during the last quarter.

SiteOne Landscape Supply Trading Down 0.7 %

NYSE SITE opened at $162.67 on Friday. The firm has a market cap of $7.35 billion, a P/E ratio of 43.03 and a beta of 1.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.43 and a quick ratio of 1.10. The stock’s 50-day moving average is $170.65 and its 200-day moving average is $156.83. SiteOne Landscape Supply, Inc. has a one year low of $116.81 and a one year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, February 14th. The industrial products company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. The company had revenue of $965.00 million for 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 revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) earnings per share. Sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

SITE has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Royal Bank of Canada boosted their target price on 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. Truist Financial boosted their target price on SiteOne Landscape Supply from $170.00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Loop Capital downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Barclays boosted their target price on SiteOne Landscape Supply from $121.00 to $145.00 and gave the stock an “underweight” rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $172.88.

Insider Transactions at SiteOne Landscape Supply

In related news, CFO John T. Guthrie sold 3,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 15,467 shares in the company, valued at $2,784,060. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Doug Black sold 10,000 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the completion of the transaction, the chief executive officer now directly owns 574,657 shares in the company, valued at $93,151,899.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO John T. Guthrie sold 3,000 shares of the firm’s stock in a transaction that occurred 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 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 90 days. 2.70% of the stock is owned by company 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.