abrdn plc Sells 55,202 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

abrdn plc lessened its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 20.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,366 shares of the industrial products company’s stock after selling 55,202 shares during the quarter. abrdn plc owned about 0.47% of SiteOne Landscape Supply worth $34,509,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC bought a new position in shares of SiteOne Landscape Supply during the 3rd quarter worth about $26,000. Operose Advisors LLC bought a new position in shares of SiteOne Landscape Supply during the 3rd quarter worth about $28,000. Impact Partnership Wealth LLC bought a new position in shares of SiteOne Landscape Supply during the 3rd quarter worth about $30,000. iA Global Asset Management Inc. bought a new position in shares of SiteOne Landscape Supply during the 3rd quarter worth about $105,000. Finally, Signaturefd LLC increased its holdings in shares of SiteOne Landscape Supply by 127.4% during the 3rd quarter. Signaturefd LLC now owns 723 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 405 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SITE shares. Loop Capital lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Barclays lifted their target price on shares of SiteOne Landscape Supply from $121.00 to $145.00 and gave the company an “underweight” rating in a research report on Thursday, February 15th. Royal Bank of Canada lifted their target price 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. Truist Financial boosted 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. Finally, Robert W. Baird boosted their price target on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $172.88.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of the firm’s 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 transaction, 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 is available through this link. In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total value of $1,621,000.00. Following the sale, the chief executive officer now owns 574,657 shares in the company, valued at approximately $93,151,899.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John T. Guthrie sold 3,000 shares of the business’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 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 quarter, insiders have sold 23,000 shares of company stock valued at $3,924,500. 2.60% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Price Performance

Shares of SITE stock opened at $157.08 on Tuesday. SiteOne Landscape Supply, Inc. has a 1 year low of $116.81 and a 1 year high of $188.01. The firm’s 50 day moving average is $170.65 and its 200-day moving average is $156.71. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 41.55 and a beta of 1.54. The company has a current ratio of 2.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.29.

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

SiteOne Landscape Supply 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.