Truist Financial Corp Has $10.45 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Truist Financial Corp trimmed its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,297 shares of the industrial products company's stock after selling 7,433 shares during the period. Truist Financial Corp owned about 0.14% of SiteOne Landscape Supply worth $10,448,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SITE. Northern Trust Corp boosted its position in SiteOne Landscape Supply by 1.5% in the third quarter. Northern Trust Corp now owns 221,336 shares of the industrial products company's stock valued at $36,177,000 after buying an additional 3,301 shares in the last quarter. WCM Investment Management LLC boosted its position in SiteOne Landscape Supply by 33.4% in the fourth quarter. WCM Investment Management LLC now owns 33,429 shares of the industrial products company's stock valued at $5,483,000 after buying an additional 8,379 shares in the last quarter. Handelsbanken Fonder AB boosted its position in SiteOne Landscape Supply by 10.8% in the fourth quarter. Handelsbanken Fonder AB now owns 229,237 shares of the industrial products company's stock valued at $37,251,000 after buying an additional 22,400 shares in the last quarter. Hsbc Holdings PLC acquired a new position in SiteOne Landscape Supply in the third quarter valued at about $1,826,000. Finally, Trexquant Investment LP acquired a new position in SiteOne Landscape Supply in the third quarter valued at about $4,060,000.

Wall Street Analyst Weigh In

SITE has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an "outperform" rating in a research report 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. Royal Bank of Canada boosted 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. Truist Financial dropped their target price on shares of SiteOne Landscape Supply from $204.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Stifel Nicolaus raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and dropped their target price for the stock from $167.00 to $165.00 in a research note on Thursday. Two equities research 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 MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $167.50.

SiteOne Landscape Supply Trading Up 1.4 %

Shares of SITE traded up $2.06 on Friday, reaching $152.42. 481,172 shares of the company's stock were exchanged, compared to its average volume of 319,552. 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 stock has a market capitalization of $6.89 billion, a P/E ratio of 44.18 and a beta of 1.53. The business has a 50 day moving average price of $169.37 and a two-hundred day moving average price of $156.71. SiteOne Landscape Supply, Inc. has a 12 month low of $116.81 and a 12 month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.22). The business had revenue of $904.80 million for the quarter, compared to the consensus estimate of $864.01 million. SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The company's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned ($0.10) earnings per share. Research analysts anticipate that SiteOne Landscape Supply, Inc. will post 4 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO John T. Guthrie sold 3,000 shares of the business'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 transaction of $540,000.00. Following the completion of 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 can be accessed through the SEC website. In related news, CEO Doug Black sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the completion of the transaction, the chief executive officer now owns 574,657 shares in the company, valued at $93,151,899.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John T. Guthrie sold 3,000 shares of the business'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 transaction of $540,000.00. Following the transaction, 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 valued at $3,924,500 over the last ninety days. Insiders own 2.70% of the company's stock.

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.