SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm 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.

Several other hedge funds have also made changes to their positions in SITE. Venturi Wealth Management LLC acquired a new stake in shares of SiteOne Landscape Supply during the third quarter worth about $26,000. Operose Advisors LLC acquired a new stake in SiteOne Landscape Supply in the third quarter valued at about $28,000. Eagle Bay Advisors LLC acquired a new stake in SiteOne Landscape Supply in the second quarter valued at about $29,000. Impact Partnership Wealth LLC acquired a new stake in SiteOne Landscape Supply in the third quarter valued at about $30,000. Finally, Bessemer Group Inc. lifted its position in SiteOne Landscape Supply by 383.3% in the fourth quarter. Bessemer Group Inc. now owns 261 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 207 shares during the period.

Wall Street Analysts Forecast Growth

SITE has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the company 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. Truist Financial increased their target price on shares of SiteOne Landscape Supply from $170.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Robert W. Baird increased their target price on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, Barclays increased their target price on shares of SiteOne Landscape Supply from $121.00 to $145.00 and gave the company an “underweight” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $172.88.

Insider Buying and Selling

In related news, 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 transaction of $540,000.00. Following the sale, the chief financial officer now owns 15,467 shares in the company, valued at $2,784,060. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Doug Black sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the sale, the chief executive officer now owns 574,657 shares in the company, valued at $93,151,899.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John T. Guthrie sold 3,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 15,467 shares in the company, valued at approximately $2,784,060. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,000 shares of company stock worth $3,924,500. 2.70% of the stock is owned by insiders.

SiteOne Landscape Supply Trading Down 1.4 %

Shares of SITE opened at $156.08 on Friday. 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 firm has a 50 day simple moving average of $170.78 and a 200-day simple moving average of $156.74. SiteOne Landscape Supply, Inc. has a 1-year low of $116.81 and a 1-year high of $188.01. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 41.29 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, February 14th. The industrial products company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $942.21 million. During the same period last year, the company posted ($0.02) EPS. The company’s revenue was up 8.4% on a year-over-year basis. Equities analysts forecast that SiteOne Landscape Supply, Inc. will post 4.04 EPS for the current fiscal 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.