Crown Oak Advisors LLC Acquires Shares of 48,721 SiteOne Landscape Supply, Inc. (NYSE:SITE)

Crown Oak Advisors LLC bought a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 48,721 shares of the industrial products company's stock, valued at approximately $7,917,000. SiteOne Landscape Supply accounts for approximately 4.6% of Crown Oak Advisors LLC's holdings, making the stock its 11th largest position. Crown Oak Advisors LLC owned about 0.11% of SiteOne Landscape Supply at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of SiteOne Landscape Supply by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,831,878 shares of the industrial products company's stock worth $798,210,000 after purchasing an additional 232,491 shares in the last quarter. Vanguard Group Inc. boosted its stake in SiteOne Landscape Supply by 0.7% during the third quarter. Vanguard Group Inc. now owns 3,998,194 shares of the industrial products company's stock worth $416,373,000 after buying an additional 29,355 shares in the last quarter. BlackRock Inc. increased its holdings in SiteOne Landscape Supply by 17.4% in the 1st quarter. BlackRock Inc. now owns 3,394,331 shares of the industrial products company's stock valued at $548,828,000 after buying an additional 503,490 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of SiteOne Landscape Supply by 4.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,174,204 shares of the industrial products company's stock valued at $137,758,000 after buying an additional 50,636 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its holdings in shares of SiteOne Landscape Supply by 0.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,104,494 shares of the industrial products company's stock worth $179,480,000 after acquiring an additional 6,620 shares during the period.

Insider Transactions at SiteOne Landscape Supply

In related news, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 574,657 shares in the company, valued at $101,340,761.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other SiteOne Landscape Supply 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 value of $1,763,500.00. Following the transaction, the chief executive officer now directly owns 574,657 shares of the company's stock, valued at $101,340,761.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO John T. Guthrie sold 3,000 shares of the company's 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 sale, the chief financial officer now owns 15,467 shares of the company's stock, valued at approximately $2,784,060. The disclosure for this sale can be found here. Insiders sold a total of 23,000 shares of company stock worth $3,836,400 over the last 90 days. 2.70% of the stock is owned by insiders.

SiteOne Landscape Supply Price Performance

NYSE SITE traded down $4.52 on Friday, hitting $169.26. 283,816 shares of the company were exchanged, compared to its average volume of 284,789. SiteOne Landscape Supply, Inc. has a 1-year low of $116.81 and a 1-year high of $188.01. The firm has a 50 day moving average of $170.35 and a two-hundred day moving average of $156.79. 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 company has a market cap of $7.65 billion, a P/E ratio of 44.78 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its 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. SiteOne Landscape Supply had a net margin of 4.03% and a return on equity of 12.13%. The company had revenue of $965.00 million for the quarter, compared to analyst estimates of $942.21 million. During the same period in the prior year, the business earned ($0.02) earnings per share. SiteOne Landscape Supply's quarterly revenue was up 8.4% on a year-over-year basis. On average, equities analysts predict that SiteOne Landscape Supply, Inc. will post 4.04 EPS for the current year.

Analyst Upgrades and Downgrades

SITE has been the subject of several recent research reports. Barclays increased their price target on shares of SiteOne Landscape Supply from $121.00 to $145.00 and gave the stock an "underweight" rating in a research report on Thursday, February 15th. Truist Financial upped their price target on SiteOne Landscape Supply from $170.00 to $204.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. Robert W. Baird increased their price objective on 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 downgraded shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating in a research note on Monday, January 8th. Finally, 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 report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $172.88.

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.