Stifel Financial Corp Purchases 862 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Stifel Financial Corp raised its position in SiteOne Landscape Supply, Inc. (NYSE:SITEFree Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,099 shares of the industrial products company’s stock after purchasing an additional 862 shares during the period. Stifel Financial Corp owned 0.23% of SiteOne Landscape Supply worth $16,917,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Operose Advisors LLC bought a new stake in shares of SiteOne Landscape Supply during the 3rd quarter worth $28,000. Principal Securities Inc. bought a new stake in shares of SiteOne Landscape Supply during the 4th quarter worth $31,000. GAMMA Investing LLC bought a new stake in shares of SiteOne Landscape Supply during the 4th quarter worth $38,000. iA Global Asset Management Inc. bought a new stake in shares of SiteOne Landscape Supply during the 3rd quarter worth $105,000. Finally, Eagle Bay Advisors LLC lifted its holdings in shares of SiteOne Landscape Supply by 85.2% during the 4th quarter. Eagle Bay Advisors LLC now owns 837 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 385 shares during the last quarter.

Insider Buying and Selling

In related news, CEO Doug Black sold 10,000 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total value of $1,621,000.00. Following the completion of the transaction, the chief executive officer now directly owns 574,657 shares of the company’s stock, valued at $93,151,899.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Doug Black sold 10,000 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total value of $1,621,000.00. Following the completion of the transaction, the chief executive officer now directly owns 574,657 shares of the company’s stock, valued at $93,151,899.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 of the company’s stock, valued at $2,784,060. The disclosure for this sale can be found here. Insiders sold a total of 23,000 shares of company stock valued at $3,924,500 over the last three months. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SITE. Robert W. Baird lifted their price objective on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Barclays decreased their target price on shares of SiteOne Landscape Supply from $145.00 to $133.00 and set an “underweight” rating on the stock in a research report on Thursday, May 2nd. Royal Bank of Canada lifted 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. Truist Financial decreased their target price on shares of SiteOne Landscape Supply from $204.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and decreased their target price for the stock from $167.00 to $165.00 in a research report on Thursday, May 2nd. 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, the company has a consensus rating of “Hold” and a consensus price target of $167.50.

Check Out Our Latest Research Report on SITE

SiteOne Landscape Supply Stock Performance

Shares of NYSE:SITE opened at $152.03 on Tuesday. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 44.07 and a beta of 1.54. The company has a 50-day moving average price of $161.12 and a 200-day moving average price of $160.21. The company has a current ratio of 2.36, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35. 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 issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.22). The firm had revenue of $904.80 million for the quarter, compared to the consensus estimate 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 was up 8.1% on a year-over-year basis. During the same period last year, the company posted ($0.10) earnings per share. As a group, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current year.

SiteOne Landscape Supply 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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