American Century Companies Inc. Grows Stake in SiteOne Landscape Supply, Inc. $SITE

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American Century Companies Inc. boosted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 521,564 shares of the industrial products company's stock after acquiring an additional 25,171 shares during the quarter. American Century Companies Inc. owned 1.16% of SiteOne Landscape Supply worth $63,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. OneDigital Investment Advisors LLC raised its position in SiteOne Landscape Supply by 22.3% during the 1st quarter. OneDigital Investment Advisors LLC now owns 1,877 shares of the industrial products company's stock valued at $228,000 after purchasing an additional 342 shares during the last quarter. Teacher Retirement System of Texas raised its position in SiteOne Landscape Supply by 124.5% during the 1st quarter. Teacher Retirement System of Texas now owns 8,886 shares of the industrial products company's stock valued at $1,079,000 after purchasing an additional 4,927 shares during the last quarter. GAMMA Investing LLC raised its position in SiteOne Landscape Supply by 24.3% during the 1st quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 95 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in SiteOne Landscape Supply by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 555,858 shares of the industrial products company's stock valued at $67,503,000 after purchasing an additional 2,951 shares during the last quarter. Finally, TD Asset Management Inc raised its position in SiteOne Landscape Supply by 18.3% during the 1st quarter. TD Asset Management Inc now owns 61,389 shares of the industrial products company's stock valued at $7,455,000 after purchasing an additional 9,496 shares during the last quarter.

SiteOne Landscape Supply Stock Up 6.6%

SITE stock traded up $9.17 on Friday, reaching $147.20. 562,405 shares of the company traded hands, compared to its average volume of 647,864. SiteOne Landscape Supply, Inc. has a one year low of $101.25 and a one year high of $160.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.06. The company has a market cap of $6.57 billion, a P/E ratio of 53.72, a price-to-earnings-growth ratio of 2.46 and a beta of 1.54. The firm has a fifty day simple moving average of $129.99 and a 200-day simple moving average of $124.91.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.89 by ($0.03). SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the business earned $2.63 EPS. The firm's quarterly revenue was up 3.4% on a year-over-year basis. Research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 39,640 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $126.28, for a total transaction of $5,005,739.20. Following the sale, the executive vice president directly owned 13,663 shares in the company, valued at approximately $1,725,363.64. This trade represents a 74.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Doug Black sold 7,384 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $132.09, for a total value of $975,352.56. Following the sale, the chief executive officer owned 600,446 shares in the company, valued at approximately $79,312,912.14. This represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,784 shares of company stock worth $9,828,465. Company insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Stifel Nicolaus lowered their price target on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Truist Financial decreased their target price on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wall Street Zen raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Royal Bank Of Canada increased their target price on SiteOne Landscape Supply from $130.00 to $143.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $147.00.

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.