Everpar Advisors LLC Buys New Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Everpar Advisors LLC acquired a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,400 shares of the industrial products company’s stock, valued at approximately $552,000.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of SiteOne Landscape Supply by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 491,011 shares of the industrial products company’s stock valued at $79,789,000 after buying an additional 16,101 shares during the last quarter. MeadowBrook Investment Advisors LLC purchased a new stake in SiteOne Landscape Supply in the fourth quarter valued at approximately $182,000. Vestmark Advisory Solutions Inc. raised its position in SiteOne Landscape Supply by 3.2% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 17,855 shares of the industrial products company’s stock worth $2,901,000 after buying an additional 546 shares during the last quarter. Sapient Capital LLC purchased a new position in SiteOne Landscape Supply during the 4th quarter worth approximately $549,000. Finally, SRS Capital Advisors Inc. increased its stake in shares of SiteOne Landscape Supply by 42.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 4,683 shares of the industrial products company’s stock worth $761,000 after acquiring an additional 1,385 shares during the period.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was 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 directly owns 15,467 shares of the company’s stock, valued at approximately $2,784,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $93,151,899.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John T. Guthrie sold 3,000 shares of SiteOne Landscape Supply 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,000 shares of company stock valued at $3,924,500. Insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply Price Performance

SITE stock traded down $1.98 during midday trading on Tuesday, reaching $156.14. The stock had a trading volume of 330,146 shares, compared to its average volume of 319,120. SiteOne Landscape Supply, Inc. has a 52-week low of $116.81 and a 52-week high of $188.01. 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 company’s fifty day simple moving average is $169.05 and its 200 day simple moving average is $157.07. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 45.26 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.22). The business had revenue of $904.80 million for the quarter, compared to analyst estimates of $864.01 million. SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. As a group, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 4.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SITE has been the topic of several analyst reports. Barclays cut their price target on SiteOne Landscape Supply from $145.00 to $133.00 and set an “underweight” rating on the stock in a research report on Thursday, May 2nd. Stifel Nicolaus raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $167.00 to $165.00 in a research note on Thursday, May 2nd. Robert W. Baird increased their price target on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Loop Capital downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Royal Bank of Canada boosted 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and an average target price of $167.50.

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.