SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 64.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,897 shares of the industrial products company’s stock after selling 7,175 shares during the quarter. Hsbc Holdings PLC’s holdings in SiteOne Landscape Supply were worth $634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Conestoga Capital Advisors LLC boosted its holdings in SiteOne Landscape Supply by 0.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,104,494 shares of the industrial products company’s stock worth $179,480,000 after acquiring an additional 6,620 shares during the period. Jackson Square Partners LLC boosted its stake in shares of SiteOne Landscape Supply by 25.6% in the fourth quarter. Jackson Square Partners LLC now owns 809,775 shares of the industrial products company’s stock valued at $131,588,000 after purchasing an additional 165,067 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in SiteOne Landscape Supply by 14.8% during 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 purchasing an additional 75,698 shares in the last quarter. Geneva Capital Management LLC increased its stake in SiteOne Landscape Supply by 9.4% during the 4th quarter. Geneva Capital Management LLC now owns 560,027 shares of the industrial products company’s stock worth $91,004,000 after buying an additional 48,128 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in SiteOne Landscape Supply by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 491,011 shares of the industrial products company’s stock worth $79,789,000 after buying an additional 16,101 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 the 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 sale, the chief financial officer now directly owns 15,467 shares of the company’s stock, valued at $2,784,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of the company’s 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 in the company, valued at approximately $2,784,060. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 574,657 shares in the company, valued at approximately $93,151,899.70. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock worth $3,924,500 in the last 90 days. 2.70% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock traded up $2.06 during mid-day trading on Friday, reaching $152.42. The company’s stock had a trading volume of 481,180 shares, compared to its average volume of 350,666. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 44.18 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a twelve month low of $116.81 and a twelve month high of $188.01. The business has a 50 day moving average price of $169.37 and a 200-day moving average price of $156.72. The company has a current ratio of 2.36, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $864.01 million. During the same period in the prior year, the company earned ($0.10) EPS. SiteOne Landscape Supply’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 3.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Robert W. Baird raised their target price on SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Barclays lowered their price objective on SiteOne Landscape Supply from $145.00 to $133.00 and set an “underweight” rating for the company in a research note on Thursday. Royal Bank of Canada upped their target price 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. Truist Financial decreased their price target on shares of SiteOne Landscape Supply from $204.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Loop Capital cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Monday, January 8th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.