K.J. Harrison & Partners Inc Acquires Shares of 5,465 SiteOne Landscape Supply, Inc. (NYSE:SITE)

K.J. Harrison & Partners Inc purchased a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,465 shares of the industrial products company's stock, valued at approximately $888,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SITE. Venturi Wealth Management LLC purchased a new stake in SiteOne Landscape Supply during the third quarter valued at about $26,000. Operose Advisors LLC purchased a new stake in SiteOne Landscape Supply during the third quarter valued at about $28,000. Impact Partnership Wealth LLC purchased a new stake in SiteOne Landscape Supply during the third quarter valued at about $30,000. GAMMA Investing LLC purchased a new stake in SiteOne Landscape Supply during the fourth quarter valued at about $38,000. Finally, iA Global Asset Management Inc. purchased a new stake in shares of SiteOne Landscape Supply in the third quarter worth about $105,000.

Insider Activity

In related news, CEO Doug Black sold 10,000 shares of the firm's stock in a transaction on 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of the firm's stock in a transaction 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 completion of the transaction, the chief financial officer now owns 15,467 shares of the company's stock, valued at $2,784,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Doug Black sold 10,000 shares of the firm'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 transaction, the chief executive officer now directly owns 574,657 shares of the company's stock, valued at approximately $101,340,761.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,000 shares of company stock valued at $3,924,500. 2.70% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Price Performance

Shares of SITE stock traded down $0.13 during trading on Friday, hitting $162.54. The company had a trading volume of 191,456 shares, compared to its average volume of 250,952. 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 stock's 50-day moving average is $170.58 and its two-hundred day moving average is $156.82. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 43.00 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The industrial products company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.07. The business had revenue of $965.00 million for 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 business's quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the business earned ($0.02) earnings per share. As a group, analysts predict that SiteOne Landscape Supply, Inc. will post 4.04 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.