Buckhead Capital Management LLC Makes New Investment in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Buckhead Capital Management LLC bought a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,960 shares of the industrial products company’s stock, valued at approximately $318,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SITE. Vaughan Nelson Investment Management L.P. grew its position in shares of SiteOne Landscape Supply by 100.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 255,922 shares of the industrial products company’s stock valued at $41,587,000 after purchasing an additional 128,076 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of SiteOne Landscape Supply in the third quarter valued at approximately $17,835,000. International Assets Investment Management LLC boosted its stake in shares of SiteOne Landscape Supply by 14,782.5% in the fourth quarter. International Assets Investment Management LLC now owns 90,188 shares of the industrial products company’s stock valued at $14,656,000 after buying an additional 89,582 shares during the period. Comerica Bank bought a new stake in shares of SiteOne Landscape Supply in the third quarter valued at approximately $14,624,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of SiteOne Landscape Supply by 14.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 586,629 shares of the industrial products company’s stock valued at $95,327,000 after buying an additional 75,698 shares during the period.

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of SiteOne Landscape Supply 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 in the company, valued at approximately $2,784,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of SiteOne Landscape Supply 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 in the company, valued at approximately $2,784,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total value of $1,763,500.00. Following the transaction, the chief executive officer now owns 574,657 shares of the company’s stock, valued at approximately $101,340,761.95. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock valued at $3,924,500 in the last three months. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SITE shares. Truist Financial boosted their price target on SiteOne Landscape Supply from $170.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Barclays boosted their price target on SiteOne Landscape Supply from $121.00 to $145.00 and gave the company an “underweight” rating in a research note on Thursday, February 15th. Royal Bank of Canada upped their target price on SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 15th. Robert W. Baird upped their target price on SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Finally, Loop Capital cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, SiteOne Landscape Supply has a consensus rating of “Hold” and a consensus target price of $172.88.

SiteOne Landscape Supply Price Performance

Shares of SITE traded down $13.38 during trading hours on Wednesday, reaching $143.51. The stock had a trading volume of 1,481,032 shares, compared to its average volume of 313,022. The company’s 50-day moving average is $170.37 and its two-hundred day moving average is $156.86. SiteOne Landscape Supply, Inc. has a 12 month low of $116.81 and a 12 month high of $188.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.10 and a current ratio of 2.43. The stock has a market capitalization of $6.49 billion, a PE ratio of 38.69 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, February 14th. The industrial products company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. SiteOne Landscape Supply had a return on equity of 12.13% and a net margin of 4.03%. The business had revenue of $965.00 million during the quarter, compared to analyst estimates of $942.21 million. During the same period in the previous year, the company posted ($0.02) EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. Research analysts expect that SiteOne Landscape Supply, Inc. will post 4.04 EPS for the current 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.