Wasatch Advisors LP Boosts Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Wasatch Advisors LP grew its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 47.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 986,602 shares of the industrial products company’s stock after acquiring an additional 319,071 shares during the quarter. Wasatch Advisors LP owned about 2.18% of SiteOne Landscape Supply worth $172,211,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Principal Securities Inc. purchased a new position in shares of SiteOne Landscape Supply in the fourth quarter worth $31,000. GAMMA Investing LLC purchased a new position in SiteOne Landscape Supply in the 4th quarter worth $38,000. iA Global Asset Management Inc. acquired a new stake in SiteOne Landscape Supply during the 3rd quarter worth about $105,000. Guardian Wealth Management Inc. purchased a new stake in SiteOne Landscape Supply during the 4th quarter valued at about $116,000. Finally, Eagle Bay Advisors LLC increased its holdings in shares of SiteOne Landscape Supply by 85.2% in the fourth quarter. Eagle Bay Advisors LLC now owns 837 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 385 shares during the period.

Insider Transactions at SiteOne Landscape Supply

In related news, CEO Doug Black sold 10,000 shares of the company’s stock in a transaction on 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 owns 574,657 shares of the company’s stock, valued at $93,151,899.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply Stock Down 0.8 %

SITE stock traded down $0.89 during trading on Tuesday, hitting $116.57. 416,019 shares of the company’s stock were exchanged, compared to its average volume of 341,716. The business has a 50-day moving average price of $144.16 and a two-hundred day moving average price of $157.81. The company has a current ratio of 2.36, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 33.79 and a beta of 1.52. SiteOne Landscape Supply, Inc. has a 52-week low of $115.55 and a 52-week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share (EPS) 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 firm had revenue of $904.80 million for the quarter, compared to analysts’ expectations of $864.01 million. During the same period in the previous year, the business posted ($0.10) EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.81 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Truist Financial decreased their target price on shares of SiteOne Landscape Supply from $175.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Loop Capital lowered their target price on SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, June 13th. Barclays reduced their price target on SiteOne Landscape Supply from $133.00 to $129.00 and set an “underweight” rating for the company in a research report on Wednesday, June 5th. Stifel Nicolaus decreased their price target on SiteOne Landscape Supply from $165.00 to $150.00 and set a “buy” rating for the company in a report on Monday, June 10th. Finally, Robert W. Baird dropped their price objective on shares of SiteOne Landscape Supply from $185.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Two 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $153.63.

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.