SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by abrdn plc

abrdn plc decreased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 20.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 212,366 shares of the industrial products company’s stock after selling 55,202 shares during the quarter. abrdn plc’s holdings in SiteOne Landscape Supply were worth $34,509,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC acquired a new position in shares of SiteOne Landscape Supply in the third quarter worth $26,000. Operose Advisors LLC acquired a new position in shares of SiteOne Landscape Supply in the third quarter worth $28,000. Impact Partnership Wealth LLC acquired a new position in shares of SiteOne Landscape Supply in the third quarter worth $30,000. iA Global Asset Management Inc. acquired a new position in shares of SiteOne Landscape Supply in the third quarter worth $105,000. Finally, Signaturefd LLC grew its stake in shares of SiteOne Landscape Supply by 127.4% in the third quarter. Signaturefd LLC now owns 723 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 405 shares in the last quarter.

SiteOne Landscape Supply Trading Up 0.7 %

Shares of SiteOne Landscape Supply stock opened at $157.08 on Tuesday. SiteOne Landscape Supply, Inc. has a 12-month low of $116.81 and a 12-month high of $188.01. 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 cap of $7.10 billion, a PE ratio of 41.55 and a beta of 1.54. The company has a 50-day moving average of $170.65 and a two-hundred day moving average of $156.71.

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 for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. The business had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $942.21 million. SiteOne Landscape Supply had a net margin of 4.03% and a return on equity of 12.13%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the company posted ($0.02) EPS. On average, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SITE. Robert W. Baird boosted their target price on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. 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. Truist Financial increased their target price on shares of SiteOne Landscape Supply from $170.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Loop Capital downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Royal Bank of Canada raised their price objective on shares of 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 research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $172.88.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 574,657 shares of the company’s stock, valued at approximately $93,151,899.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO John T. Guthrie sold 3,000 shares of SiteOne Landscape Supply stock in a transaction on Friday, March 8th. The shares were sold at an average price of $180.00, for a total transaction of $540,000.00. Following the transaction, the chief financial officer now owns 15,467 shares in the company, valued at approximately $2,784,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the transaction, the chief executive officer now owns 574,657 shares in the company, valued at approximately $93,151,899.70. The disclosure for this sale can be found here. In the last three months, insiders sold 23,000 shares of company stock valued at $3,924,500. Company insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply 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.