SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Acquired by Sands Capital Management LLC

Sands Capital Management LLC increased its stake in SiteOne Landscape Supply, Inc. (NYSE:SITEFree Report) by 5.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 310,771 shares of the industrial products company’s stock after acquiring an additional 16,219 shares during the quarter. Sands Capital Management LLC owned approximately 0.69% of SiteOne Landscape Supply worth $50,500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SITE. Operose Advisors LLC purchased a new position in shares of SiteOne Landscape Supply during the third quarter valued at $28,000. Principal Securities Inc. purchased a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at $31,000. GAMMA Investing LLC purchased a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at $38,000. iA Global Asset Management Inc. purchased a new position in shares of SiteOne Landscape Supply during the third quarter valued at $105,000. Finally, Eagle Bay Advisors LLC grew its holdings in shares of SiteOne Landscape Supply by 85.2% during the fourth quarter. Eagle Bay Advisors LLC now owns 837 shares of the industrial products company’s stock valued at $136,000 after buying an additional 385 shares in the last quarter.

Insider Buying and Selling

In related news, CFO John T. Guthrie sold 3,000 shares of the business’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 completion of the transaction, the chief financial officer now owns 15,467 shares of the company’s stock, valued at approximately $2,784,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Doug Black sold 10,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 574,657 shares in the company, valued at $93,151,899.70. The sale was disclosed in a filing 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 dated Friday, March 8th. The shares were sold at an average price of $180.00, for a total value 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 23,000 shares of company stock valued at $3,924,500. Insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply Stock Down 2.2 %

Shares of NYSE:SITE traded down $3.47 on Monday, reaching $151.35. The company had a trading volume of 73,481 shares, compared to its average volume of 307,860. SiteOne Landscape Supply, Inc. has a twelve month low of $116.81 and a twelve month high of $188.01. The stock has a 50-day moving average price of $161.70 and a 200 day moving average price of $160.10. The stock has a market capitalization of $6.84 billion, a P/E ratio of 44.88 and a beta of 1.54. The company has a quick ratio of 0.96, a current ratio of 2.36 and a debt-to-equity ratio of 0.35.

SiteOne Landscape Supply (NYSE:SITEGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.22). SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The business had revenue of $904.80 million for the quarter, compared to analyst estimates of $864.01 million. During the same period in the prior year, the firm posted ($0.10) EPS. SiteOne Landscape Supply’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts expect that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current year.

Wall Street Analyst Weigh In

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

Read Our Latest Report on SITE

SiteOne Landscape Supply Company 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.

See Also

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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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