Summit Creek Advisors LLC reduced its position in SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) by 15.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,455 shares of the industrial products company’s stock after selling 6,494 shares during the period. Summit Creek Advisors LLC’s holdings in SiteOne Landscape Supply were worth $3,202,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Basecamp Wealth Advisors LLC boosted its stake in SiteOne Landscape Supply by 219.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 127 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of SiteOne Landscape Supply by 2,178.6% in the 3rd quarter. Fortitude Family Office LLC now owns 319 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 305 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of SiteOne Landscape Supply by 114.3% in the third quarter. Versant Capital Management Inc now owns 420 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 224 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of SiteOne Landscape Supply by 182.6% in the first quarter. Bessemer Group Inc. now owns 373 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 241 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of SiteOne Landscape Supply by 343.4% in the third quarter. Signaturefd LLC now owns 643 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 498 shares during the last quarter.
Insider Activity
In other news, CEO Doug Black acquired 9,100 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was bought at an average price of $110.30 per share, with a total value of $1,003,730.00. Following the completion of the acquisition, the chief executive officer directly owned 18,141 shares of the company’s stock, valued at approximately $2,000,952.30. The trade was a 100.65% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by company insiders.
SiteOne Landscape Supply Trading Down 1.1%
NYSE:SITE opened at $112.67 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.03 and a debt-to-equity ratio of 0.34. SiteOne Landscape Supply, Inc. has a 12 month low of $82.00 and a 12 month high of $168.56. The company has a market cap of $4.86 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.76 and a beta of 1.29. The company has a 50 day simple moving average of $96.48 and a two-hundred day simple moving average of $115.77.
SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last announced its earnings results on Wednesday, October 28th. The industrial products company reported $1.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.46. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. SiteOne Landscape Supply had a net margin of 3.49% and a return on equity of 10.06%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 EPS. Research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.74 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on SITE. William Blair reaffirmed a “market perform” rating on shares of SiteOne Landscape Supply in a report on Wednesday, October 7th. Truist Financial reduced their price objective on SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Zacks Research lowered SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. KeyCorp lowered their target price on shares of SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Finally, Robert W. Baird lowered their target price on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $123.00.
View Our Latest Analysis on SiteOne Landscape Supply
SiteOne Landscape Supply Profile
SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.
Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.
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