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

Sandhill Capital Partners LLC lifted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 258,480 shares of the industrial products company’s stock after purchasing an additional 1,796 shares during the period. SiteOne Landscape Supply comprises about 3.5% of Sandhill Capital Partners LLC’s holdings, making the stock its 13th largest position. Sandhill Capital Partners LLC owned 0.57% of SiteOne Landscape Supply worth $42,003,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC acquired a new position in SiteOne Landscape Supply in the 3rd quarter valued at about $26,000. Operose Advisors LLC acquired a new position in SiteOne Landscape Supply in the 3rd quarter valued at about $28,000. Impact Partnership Wealth LLC acquired a new position in SiteOne Landscape Supply in the 3rd quarter valued at about $30,000. GAMMA Investing LLC acquired a new position in SiteOne Landscape Supply in the 4th quarter valued at about $38,000. Finally, iA Global Asset Management Inc. acquired a new position in SiteOne Landscape Supply in the 3rd quarter valued at about $105,000.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, 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 transaction of $540,000.00. Following the completion of the sale, the chief financial officer now directly owns 15,467 shares in the company, valued at approximately $2,784,060. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, 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 transaction of $540,000.00. Following the completion of the sale, the chief financial officer now directly owns 15,467 shares in the company, valued at approximately $2,784,060. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 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 $93,151,899.70. The disclosure for this sale can be found here. In the last three months, insiders sold 23,000 shares of company stock worth $3,924,500. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SITE. 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 report on Thursday, February 15th. Loop Capital lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Monday, January 8th. 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 report on Thursday, February 15th. Barclays lifted their price objective on SiteOne Landscape Supply from $121.00 to $145.00 and gave the company an “underweight” rating in a report on Thursday, February 15th. Finally, 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 report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and an average price target of $172.88.

SiteOne Landscape Supply Price Performance

SITE stock traded down $1.09 on Thursday, reaching $162.67. The company had a trading volume of 272,232 shares, compared to its average volume of 297,855. SiteOne Landscape Supply, Inc. has a 1 year low of $116.81 and a 1 year 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 company’s fifty day moving average is $170.76 and its 200 day moving average is $156.78. The company has a market cap of $7.35 billion, a P/E ratio of 42.60 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, February 14th. The industrial products company reported ($0.08) earnings per share (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 firm had revenue of $965.00 million for the quarter, compared to analyst estimates of $942.21 million. During the same quarter in the prior year, the company earned ($0.02) EPS. SiteOne Landscape Supply’s revenue was up 8.4% on a year-over-year basis. On average, research analysts forecast that SiteOne Landscape Supply, Inc. will post 4.04 earnings per share for the current year.

About SiteOne Landscape Supply

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.