International Assets Investment Management LLC Has $14.66 Million Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

International Assets Investment Management LLC boosted its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 14,782.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,188 shares of the industrial products company's stock after acquiring an additional 89,582 shares during the quarter. International Assets Investment Management LLC owned 0.20% of SiteOne Landscape Supply worth $14,656,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SITE. Townsquare Capital LLC raised its holdings in shares of SiteOne Landscape Supply by 1.1% in the 3rd quarter. Townsquare Capital LLC now owns 6,838 shares of the industrial products company's stock worth $1,118,000 after purchasing an additional 74 shares in the last quarter. Johnson Investment Counsel Inc. increased its holdings in shares of SiteOne Landscape Supply by 0.9% in the third quarter. Johnson Investment Counsel Inc. now owns 9,456 shares of the industrial products company's stock valued at $1,546,000 after buying an additional 80 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of SiteOne Landscape Supply by 5.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,717 shares of the industrial products company's stock valued at $281,000 after acquiring an additional 88 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of SiteOne Landscape Supply by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 19,518 shares of the industrial products company's stock worth $3,190,000 after acquiring an additional 100 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of SiteOne Landscape Supply by 11.6% during the 3rd quarter. SG Americas Securities LLC now owns 1,093 shares of the industrial products company's stock worth $179,000 after acquiring an additional 114 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SITE. Truist Financial reduced their target price on SiteOne Landscape Supply from $204.00 to $175.00 and set a "buy" rating for the company in a report on Thursday. Royal Bank of Canada raised 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. Loop Capital lowered shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating in a report on Monday, January 8th. Robert W. Baird upped 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. Finally, Barclays lowered their price objective on shares of SiteOne Landscape Supply from $145.00 to $133.00 and set an "underweight" rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $167.50.

Insider Transactions at SiteOne Landscape Supply

In other news, CEO Doug Black sold 10,000 shares of the company's stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total value of $1,621,000.00. Following the sale, the chief executive officer now owns 574,657 shares of the company's stock, valued at approximately $93,151,899.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Doug Black sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total value of $1,621,000.00. Following the transaction, the chief executive officer now directly owns 574,657 shares of the company's stock, valued at approximately $93,151,899.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John T. Guthrie sold 3,000 shares of the firm's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $180.00, for a total value of $540,000.00. Following the sale, the chief financial officer now directly owns 15,467 shares of the company's stock, valued at $2,784,060. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,000 shares of company stock valued at $3,924,500. Corporate insiders own 2.70% of the company's stock.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock traded up $2.06 during mid-day trading on Friday, reaching $152.42. The stock had a trading volume of 481,180 shares, compared to its average volume of 350,666. The firm has a market cap of $6.89 billion, a PE ratio of 44.18 and a beta of 1.53. The company has a quick ratio of 1.10, a current ratio of 2.36 and a debt-to-equity ratio of 0.35. SiteOne Landscape Supply, Inc. has a one year low of $116.81 and a one year high of $188.01. The firm's 50 day simple moving average is $169.37 and its 200 day simple moving average is $156.81.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.43) EPS 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%. SiteOne Landscape Supply's revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.10) earnings per share. On average, analysts forecast that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current year.

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.