SiteOne Landscape Supply, Inc. (NYSE:SITE) Stake Boosted by Sigma Planning Corp

Posted by Defense World Staff on Aug 12th, 2023

Sigma Planning Corp grew its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) by 7.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,117 shares of the industrial products company’s stock after acquiring an additional 300 shares during the period. Sigma Planning Corp’s holdings in SiteOne Landscape Supply were worth $563,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SITE. Price T Rowe Associates Inc. MD grew its holdings in shares of SiteOne Landscape Supply by 11.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,599,387 shares of the industrial products company’s stock valued at $656,920,000 after acquiring an additional 566,688 shares in the last quarter. BlackRock Inc. grew its holdings in shares of SiteOne Landscape Supply by 17.4% during the 1st quarter. BlackRock Inc. now owns 3,394,331 shares of the industrial products company’s stock valued at $548,828,000 after acquiring an additional 503,490 shares in the last quarter. Jackson Square Partners LLC grew its holdings in shares of SiteOne Landscape Supply by 69.7% during the 4th quarter. Jackson Square Partners LLC now owns 960,849 shares of the industrial products company’s stock valued at $112,727,000 after acquiring an additional 394,722 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in SiteOne Landscape Supply by 2,260.1% in the fourth quarter. Handelsbanken Fonder AB now owns 156,637 shares of the industrial products company’s stock worth $18,377,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Premier Fund Managers Ltd boosted its holdings in SiteOne Landscape Supply by 23.9% in the fourth quarter. Premier Fund Managers Ltd now owns 409,809 shares of the industrial products company’s stock worth $48,786,000 after purchasing an additional 79,009 shares in the last quarter.

Insider Activity

In other news, CEO Doug Black sold 8,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $167.33, for a total transaction of $1,338,640.00. Following the completion of the transaction, the chief executive officer now owns 558,886 shares of the company’s stock, valued at $93,518,394.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO John T. Guthrie sold 1,028 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $164.47, for a total value of $169,075.16. Following the completion of the transaction, the chief financial officer now owns 15,050 shares of the company’s stock, valued at $2,475,273.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Doug Black sold 8,000 shares of the stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $167.33, for a total transaction of $1,338,640.00. Following the completion of the transaction, the chief executive officer now directly owns 558,886 shares of the company’s stock, valued at approximately $93,518,394.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,928 shares of company stock valued at $1,971,715. Insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Stock Down 0.7 %

Shares of SITE opened at $161.92 on Friday. The company has a 50-day simple moving average of $162.48 and a 200-day simple moving average of $150.23. The firm has a market capitalization of $7.30 billion, a P/E ratio of 38.64, a P/E/G ratio of 8.41 and a beta of 1.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.06 and a current ratio of 2.32. SiteOne Landscape Supply, Inc. has a 52 week low of $97.36 and a 52 week high of $176.16.

SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. SiteOne Landscape Supply had a net margin of 4.59% and a return on equity of 14.31%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.07 earnings per share. On average, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.98 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SITE shares. Barclays cut shares of SiteOne Landscape Supply from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $146.00 to $144.00 in a report on Wednesday, May 24th. Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price objective for the stock from $160.00 to $185.00 in a report on Monday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of SiteOne Landscape Supply from $163.00 to $153.00 in a report on Friday, May 5th. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Finally, Loop Capital upped their price objective on shares of SiteOne Landscape Supply from $155.00 to $175.00 in a report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $164.00.

Get Our Latest Analysis on SITE

SiteOne Landscape Supply Company Profile

(Free Report)

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 a selection of approximately 155,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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.