K.J. Harrison & Partners Inc Purchases Shares of 5,465 SiteOne Landscape Supply, Inc. (NYSE:SITE)

K.J. Harrison & Partners Inc acquired a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE) during the fourth quarter, Holdings Channel reports. The firm acquired 5,465 shares of the industrial products company’s stock, valued at approximately $888,000.

Other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC bought a new stake in shares of SiteOne Landscape Supply during the 3rd quarter worth $26,000. Operose Advisors LLC purchased a new position in shares of SiteOne Landscape Supply in the third quarter worth approximately $28,000. Impact Partnership Wealth LLC acquired a new stake in shares of SiteOne Landscape Supply during the third quarter valued at approximately $30,000. GAMMA Investing LLC purchased a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at approximately $38,000. Finally, iA Global Asset Management Inc. acquired a new position in SiteOne Landscape Supply in the 3rd quarter worth approximately $105,000.

Insider Activity

In related news, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total value of $1,763,500.00. Following the transaction, the chief executive officer now owns 574,657 shares in the company, valued at approximately $101,340,761.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Doug Black sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $176.35, for a total transaction of $1,763,500.00. Following the completion of the transaction, the chief executive officer now directly owns 574,657 shares in the company, valued at $101,340,761.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO John T. Guthrie sold 3,000 shares of the firm’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 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 quarter, insiders have sold 23,000 shares of company stock valued at $3,924,500. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

SITE has been the subject of a number of research analyst reports. Truist Financial increased their target price on SiteOne Landscape Supply from $170.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Royal Bank of Canada raised their price objective on SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Loop Capital downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Robert W. Baird raised their price target on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Barclays upped their price objective on shares of SiteOne Landscape Supply from $121.00 to $145.00 and gave the company an “underweight” rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $172.88.

SiteOne Landscape Supply Stock Down 0.1 %

SITE stock traded down $0.13 during trading hours on Friday, hitting $162.54. The company’s stock had a trading volume of 191,456 shares, compared to its average volume of 250,952. The stock has a 50 day moving average price of $170.58 and a two-hundred day moving average price of $156.85. SiteOne Landscape Supply, Inc. has a 12 month low of $116.81 and a 12 month high of $188.01. The company has a market capitalization of $7.35 billion, a PE ratio of 43.00 and a beta of 1.54. The company has a quick ratio of 1.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.29.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, February 14th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. SiteOne Landscape Supply had a net margin of 4.03% and a return on equity of 12.13%. The firm had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $942.21 million. During the same period in the prior year, the company posted ($0.02) earnings per share. SiteOne Landscape Supply’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 4.04 earnings per share for the current year.

SiteOne Landscape Supply Company 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.