MeadowBrook Investment Advisors LLC Buys New Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

MeadowBrook Investment Advisors LLC acquired a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,120 shares of the industrial products company’s stock, valued at approximately $182,000.

Other large investors also recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its holdings in SiteOne Landscape Supply by 1.1% during the 3rd quarter. Townsquare Capital LLC now owns 6,838 shares of the industrial products company’s stock worth $1,118,000 after purchasing an additional 74 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in SiteOne Landscape Supply by 0.9% during the third quarter. Johnson Investment Counsel Inc. now owns 9,456 shares of the industrial products company’s stock worth $1,546,000 after buying an additional 80 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of SiteOne Landscape Supply by 5.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,717 shares of the industrial products company’s stock worth $281,000 after buying an additional 88 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of SiteOne Landscape Supply by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 19,518 shares of the industrial products company’s stock worth $3,190,000 after acquiring an additional 100 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in SiteOne Landscape Supply by 11.6% during the third quarter. SG Americas Securities LLC now owns 1,093 shares of the industrial products company’s stock worth $179,000 after acquiring an additional 114 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SITE shares. 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 report on Thursday, February 15th. Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and dropped their price target for the stock from $167.00 to $165.00 in a research note on Thursday. Loop Capital lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Truist Financial cut their target price on shares of SiteOne Landscape Supply from $204.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Robert W. Baird upped their price objective 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, SiteOne Landscape Supply has an average rating of “Hold” and a consensus price target of $167.50.

Insider Activity

In other news, CEO Doug Black sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total transaction of $1,763,500.00. Following the completion of the sale, the chief executive officer now owns 574,657 shares of the company’s stock, valued at $101,340,761.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Doug Black sold 10,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $176.35, for a total value of $1,763,500.00. Following the sale, the chief executive officer now owns 574,657 shares in the company, valued at approximately $101,340,761.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John T. Guthrie sold 3,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $2,784,060. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,000 shares of company stock worth $3,924,500. Company insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply Trading Up 3.7 %

Shares of SITE traded up $5.57 during midday trading on Monday, hitting $157.99. The stock had a trading volume of 271,085 shares, compared to its average volume of 318,994. SiteOne Landscape Supply, Inc. has a fifty-two week low of $116.81 and a fifty-two week high of $188.01. The company has a current ratio of 2.36, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35. The firm has a market cap of $7.14 billion, a P/E ratio of 44.18 and a beta of 1.53. The business has a 50-day simple moving average of $169.37 and a two-hundred day simple moving average of $156.81.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $864.01 million. During the same quarter last year, the firm earned ($0.10) earnings per share. SiteOne Landscape Supply’s revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts forecast that SiteOne Landscape Supply, Inc. will post 4.02 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.