International Assets Investment Management LLC Acquires 89,582 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

International Assets Investment Management LLC raised its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 14,782.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,188 shares of the industrial products company’s stock after acquiring an additional 89,582 shares during the period. International Assets Investment Management LLC owned about 0.20% of SiteOne Landscape Supply worth $14,656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SITE. Equitable Trust Co. grew its position in shares of SiteOne Landscape Supply by 10.1% in the 4th quarter. Equitable Trust Co. now owns 3,455 shares of the industrial products company’s stock valued at $561,000 after purchasing an additional 317 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of SiteOne Landscape Supply by 100.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 255,922 shares of the industrial products company’s stock valued at $41,587,000 after buying an additional 128,076 shares during the period. Fenimore Asset Management Inc. boosted its holdings in shares of SiteOne Landscape Supply by 13.9% in the fourth quarter. Fenimore Asset Management Inc. now owns 112,831 shares of the industrial products company’s stock valued at $18,335,000 after buying an additional 13,800 shares during the period. HB Wealth Management LLC increased its position in shares of SiteOne Landscape Supply by 17.5% during the fourth quarter. HB Wealth Management LLC now owns 1,884 shares of the industrial products company’s stock worth $306,000 after acquiring an additional 280 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of SiteOne Landscape Supply by 55.4% during the fourth quarter. SG Americas Securities LLC now owns 1,698 shares of the industrial products company’s stock worth $276,000 after acquiring an additional 605 shares during the period.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, CFO John T. Guthrie sold 3,000 shares of SiteOne Landscape Supply stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $180.00, for a total transaction of $540,000.00. Following the completion of the sale, the chief financial officer now owns 15,467 shares of the company’s stock, valued at approximately $2,784,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO John T. Guthrie sold 3,000 shares of the 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 owns 15,467 shares in the company, valued at $2,784,060. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Doug Black sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock worth $3,924,500 over the last ninety days. Insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Stock Up 1.4 %

SiteOne Landscape Supply stock opened at $152.42 on Friday. SiteOne Landscape Supply, Inc. has a fifty-two week low of $116.81 and a fifty-two week high of $188.01. The firm has a market capitalization of $6.89 billion, a PE ratio of 44.18 and a beta of 1.53. The company’s 50-day moving average is $169.37 and its 200-day moving average is $156.72. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.36 and a quick ratio of 1.10.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $864.01 million. During the same quarter in the prior year, the company earned ($0.10) EPS. SiteOne Landscape Supply’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SITE. 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. Loop Capital cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Stifel Nicolaus raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and decreased their price target for the stock from $167.00 to $165.00 in a research note on Thursday. Royal Bank of Canada boosted their price objective on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Finally, Barclays decreased their target price on shares of SiteOne Landscape Supply from $145.00 to $133.00 and set an “underweight” rating for the company in a research report on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, SiteOne Landscape Supply currently has an average rating of “Hold” and an average price target of $167.50.

SiteOne Landscape Supply Company 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.