Summit Creek Advisors LLC Sells 6,420 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Summit Creek Advisors LLC decreased its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,228 shares of the industrial products company's stock after selling 6,420 shares during the quarter. Summit Creek Advisors LLC owned 0.17% of SiteOne Landscape Supply worth $12,387,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SITE. Vaughan Nelson Investment Management L.P. lifted its holdings in SiteOne Landscape Supply by 100.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 255,922 shares of the industrial products company's stock worth $41,587,000 after buying an additional 128,076 shares in the last quarter. Jennison Associates LLC purchased a new stake in SiteOne Landscape Supply during the 3rd quarter worth about $17,835,000. International Assets Investment Management LLC increased its holdings in SiteOne Landscape Supply by 14,782.5% during the 4th quarter. International Assets Investment Management LLC now owns 90,188 shares of the industrial products company's stock worth $14,656,000 after purchasing an additional 89,582 shares during the period. Comerica Bank acquired a new stake in SiteOne Landscape Supply in the 3rd quarter valued at about $14,624,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of SiteOne Landscape Supply by 14.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 586,629 shares of the industrial products company's stock valued at $95,327,000 after buying an additional 75,698 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. 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 research note on Thursday, February 15th. Truist Financial dropped their price target on shares of 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. Royal Bank of Canada boosted their price objective on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 15th. Barclays dropped their target price 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, May 2nd. Finally, Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and decreased their price objective for the company from $167.00 to $165.00 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, SiteOne Landscape Supply has a consensus rating of "Hold" and a consensus price target of $167.50.

SiteOne Landscape Supply Trading Up 1.1 %

NYSE SITE traded up $1.66 during trading hours on Monday, hitting $158.15. 347,495 shares of the company's stock were exchanged, compared to its average volume of 318,164. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.96 and a current ratio of 2.36. The firm has a market capitalization of $7.15 billion, a P/E ratio of 45.84 and a beta of 1.53. The business's 50 day moving average is $167.99 and its 200-day moving average is $157.73. 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 company had revenue of $904.80 million for the quarter, compared to analysts' expectations of $864.01 million. SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.10) EPS. As a group, analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current fiscal year.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, 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 completion of the sale, the chief financial officer now directly owns 15,467 shares of the company's stock, valued at approximately $2,784,060. The sale was disclosed in a 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 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 transaction, the chief executive officer now directly owns 574,657 shares of the company's stock, valued at $93,151,899.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 completion of the transaction, the chief financial officer now owns 15,467 shares of the company's stock, valued at $2,784,060. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock valued at $3,924,500 over the last ninety days. Corporate insiders own 2.60% of the company's stock.

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.