Sigma Planning Corp Has $477,000 Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Sigma Planning Corp reduced its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 30.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,935 shares of the industrial products company’s stock after selling 1,309 shares during the quarter. Sigma Planning Corp’s holdings in SiteOne Landscape Supply were worth $477,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Conestoga Capital Advisors LLC grew its holdings in shares of SiteOne Landscape Supply by 0.6% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,104,494 shares of the industrial products company’s stock valued at $179,480,000 after buying an additional 6,620 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake 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 acquiring an additional 75,698 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of SiteOne Landscape Supply by 2.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 478,098 shares of the industrial products company’s stock valued at $78,145,000 after purchasing an additional 12,084 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of SiteOne Landscape Supply by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,910 shares of the industrial products company’s stock valued at $77,624,000 after purchasing an additional 18,392 shares during the period. Finally, Invesco Ltd. lifted its position in shares of SiteOne Landscape Supply by 14.1% in the third quarter. Invesco Ltd. now owns 447,880 shares of the industrial products company’s stock worth $73,206,000 after purchasing an additional 55,434 shares in the last quarter.

SiteOne Landscape Supply Trading Down 0.7 %

Shares of NYSE:SITE opened at $162.67 on Friday. The company has a current ratio of 2.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $7.35 billion, a PE ratio of 43.03 and a beta of 1.54. SiteOne Landscape Supply, Inc. has a 1 year low of $116.81 and a 1 year high of $188.01. The firm has a fifty day moving average price of $170.65 and a 200 day moving average price of $156.83.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the completion of the sale, the chief executive officer now owns 574,657 shares of the company’s stock, valued at $93,151,899.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO John T. Guthrie sold 3,000 shares of SiteOne Landscape Supply stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $180.00, for a total value of $540,000.00. Following the transaction, the chief financial officer now directly owns 15,467 shares in the company, valued at $2,784,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Doug Black sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 574,657 shares of the company’s stock, valued at approximately $93,151,899.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,000 shares of company stock worth $3,924,500. 2.70% of the stock is currently owned by insiders.

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.