Hills Bank & Trust Co Boosts Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Hills Bank & Trust Co boosted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 8.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,566 shares of the industrial products company’s stock after buying an additional 125 shares during the period. Hills Bank & Trust Co’s holdings in SiteOne Landscape Supply were worth $254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. boosted its holdings in SiteOne Landscape Supply by 100.2% in the 4th 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 in the last quarter. Jennison Associates LLC purchased a new stake in shares of SiteOne Landscape Supply during the 3rd quarter valued at $17,835,000. International Assets Investment Management LLC increased its stake in SiteOne Landscape Supply by 14,782.5% during the fourth quarter. International Assets Investment Management LLC now owns 90,188 shares of the industrial products company’s stock worth $14,656,000 after acquiring an additional 89,582 shares during the last quarter. Comerica Bank acquired a new stake in SiteOne Landscape Supply during the 3rd quarter worth approximately $14,624,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of SiteOne Landscape Supply by 14.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 586,629 shares of the industrial products company’s stock valued at $95,327,000 after acquiring an additional 75,698 shares during the period.

Analysts Set New Price Targets

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

Insider Transactions at SiteOne Landscape Supply

In other news, CEO Doug Black sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the completion of the sale, the chief executive officer now owns 574,657 shares of the company’s stock, valued at $93,151,899.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total value of $1,621,000.00. Following the completion of the transaction, the chief executive officer now directly owns 574,657 shares of the company’s stock, valued at $93,151,899.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John T. Guthrie sold 3,000 shares of the company’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 transaction, the chief financial officer now directly owns 15,467 shares in the company, valued at approximately $2,784,060. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,000 shares of company stock valued at $3,924,500. Corporate insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Stock Performance

SITE traded up $1.82 during trading on Thursday, hitting $157.19. The stock had a trading volume of 141,642 shares, compared to its average volume of 317,203. SiteOne Landscape Supply, Inc. has a 12 month low of $116.81 and a 12 month 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 firm has a market cap of $7.11 billion, a PE ratio of 45.56 and a beta of 1.53. The company has a 50 day simple moving average of $168.63 and a 200-day simple moving average of $157.06.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results 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 net margin of 3.63% and a return on equity of 10.77%. The business had revenue of $904.80 million during the quarter, compared to the consensus estimate of $864.01 million. During the same period last year, the firm earned ($0.10) EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts expect that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current 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.