Russell Investments Group Ltd. Sells 13,945 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Russell Investments Group Ltd. lowered its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 22.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,576 shares of the industrial products company's stock after selling 13,945 shares during the quarter. Russell Investments Group Ltd. owned about 0.11% of SiteOne Landscape Supply worth $7,752,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SITE. K.J. Harrison & Partners Inc purchased a new position in SiteOne Landscape Supply during the 4th quarter valued at about $888,000. Sandhill Capital Partners LLC grew its stake in SiteOne Landscape Supply by 0.7% during the 4th quarter. Sandhill Capital Partners LLC now owns 258,480 shares of the industrial products company's stock valued at $42,003,000 after acquiring an additional 1,796 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in SiteOne Landscape Supply during the 4th quarter valued at about $201,000. GAMMA Investing LLC purchased a new position in SiteOne Landscape Supply during the 4th quarter valued at about $38,000. Finally, Jennison Associates LLC grew its stake in shares of SiteOne Landscape Supply by 11.4% in the 4th quarter. Jennison Associates LLC now owns 121,559 shares of the industrial products company's stock valued at $19,753,000 after buying an additional 12,442 shares in the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of SiteOne Landscape Supply stock traded down $0.77 during trading hours on Wednesday, hitting $155.37. 324,158 shares of the company's stock traded hands, compared to its average volume of 319,176. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.36 and a quick ratio of 0.96. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 45.03 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a 12-month low of $116.81 and a 12-month high of $188.01. The company has a fifty day simple moving average of $168.85 and a 200-day simple moving average of $157.06.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.22). The company had revenue of $904.80 million during 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 firm's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.10) EPS. Equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current fiscal year.

Insider Activity at SiteOne Landscape Supply

In related news, CEO Doug Black sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $176.35, for a total transaction of $1,763,500.00. Following the completion of the transaction, the chief executive officer now 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 this hyperlink. In other news, CFO John T. Guthrie sold 3,000 shares of the company'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 transaction, the chief financial officer now directly owns 15,467 shares of the company's stock, valued at $2,784,060. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Doug Black sold 10,000 shares of the company'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 in the company, valued at $101,340,761.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,000 shares of company stock valued at $3,924,500. Corporate insiders own 2.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SITE shares. Stifel Nicolaus raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and decreased their target price for the stock from $167.00 to $165.00 in a research report on Thursday, May 2nd. Royal Bank of Canada increased their price objective on 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. Barclays decreased their target price on SiteOne Landscape Supply from $145.00 to $133.00 and set an "underweight" rating on the stock in a report on Thursday, May 2nd. Robert W. Baird raised their price target on SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Finally, Truist Financial cut their target price on SiteOne Landscape Supply from $204.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, SiteOne Landscape Supply currently has a consensus rating of "Hold" and an average price target of $167.50.

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.