HB Wealth Management LLC Buys 280 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

HB Wealth Management LLC increased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 17.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,884 shares of the industrial products company’s stock after buying an additional 280 shares during the period. HB Wealth Management LLC’s holdings in SiteOne Landscape Supply were worth $306,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SITE. Venturi Wealth Management LLC acquired a new position in shares of SiteOne Landscape Supply during the 3rd quarter valued at $26,000. Operose Advisors LLC acquired a new position in shares of SiteOne Landscape Supply during the 3rd quarter valued at $28,000. Eagle Bay Advisors LLC acquired a new position in shares of SiteOne Landscape Supply during the 2nd quarter valued at $29,000. Impact Partnership Wealth LLC acquired a new position in shares of SiteOne Landscape Supply during the 3rd quarter valued at $30,000. Finally, Bessemer Group Inc. lifted its position in shares of SiteOne Landscape Supply by 383.3% during the 4th quarter. Bessemer Group Inc. now owns 261 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 207 shares during the period.

Insider Buying and Selling

In related news, CFO John T. Guthrie sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were 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 document filed with the SEC, which can be accessed through the SEC website. In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of the stock in a transaction that occurred 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 directly owns 15,467 shares in the company, valued at $2,784,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Doug Black sold 10,000 shares of the 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 transaction, the chief executive officer now owns 574,657 shares in the company, valued at $101,340,761.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,000 shares of company stock worth $3,836,400. Insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Price Performance

NYSE SITE opened at $174.55 on Friday. The company has a market cap of $7.88 billion, a PE ratio of 46.18 and a beta of 1.54. SiteOne Landscape Supply, Inc. has a 52 week low of $116.81 and a 52 week high of $188.01. The company has a quick ratio of 1.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.29. The firm’s 50-day simple moving average is $167.32 and its two-hundred day simple moving average is $155.83.

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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate 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 for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) earnings per share. Research analysts predict that SiteOne Landscape Supply, Inc. will post 4.2 earnings per share for the current year.

Analyst Ratings Changes

SITE has been the subject of a number of recent research reports. 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 research note on Thursday, February 15th. Royal Bank of Canada upped their target price on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 15th. Robert W. Baird upped 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. Truist Financial upped 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. Finally, Loop Capital lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $172.88.

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.