SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 8.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,838 shares of the industrial products company’s stock after purchasing an additional 752 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SiteOne Landscape Supply were worth $1,599,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC purchased a new position in SiteOne Landscape Supply in the 3rd quarter worth approximately $26,000. Operose Advisors LLC purchased a new position in shares of SiteOne Landscape Supply during the 3rd quarter valued at approximately $28,000. Impact Partnership Wealth LLC purchased a new position in shares of SiteOne Landscape Supply during the 3rd quarter valued at approximately $30,000. iA Global Asset Management Inc. purchased a new position in shares of SiteOne Landscape Supply during the 3rd quarter valued at approximately $105,000. Finally, Signaturefd LLC boosted its stake in shares of SiteOne Landscape Supply by 127.4% during the 3rd quarter. Signaturefd LLC now owns 723 shares of the industrial products company’s stock valued at $118,000 after buying an additional 405 shares during the last quarter.

Insiders Place Their Bets

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 news, 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 transaction, 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 the SEC website. Also, CEO Doug Black sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 574,657 shares in the company, valued at $93,151,899.70. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock valued at $3,924,500 over the last three months. Company insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SITE. 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 research note on Thursday, February 15th. Loop Capital cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Barclays increased their target price on SiteOne Landscape Supply from $121.00 to $145.00 and gave the company an “underweight” rating in a research note on Thursday, February 15th. Robert W. Baird upped their price target 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, Royal Bank of Canada upped their price target 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average target price of $172.88.

SiteOne Landscape Supply Price Performance

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

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

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.