SiteOne Landscape Supply, Inc. (NYSE:SITE) Stake Increased by Jackson Square Partners LLC

Jackson Square Partners LLC lifted its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 25.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 809,775 shares of the industrial products company's stock after purchasing an additional 165,067 shares during the quarter. SiteOne Landscape Supply accounts for approximately 4.3% of Jackson Square Partners LLC's investment portfolio, making the stock its 3rd largest position. Jackson Square Partners LLC owned 1.79% of SiteOne Landscape Supply worth $131,588,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SITE. Vaughan Nelson Investment Management L.P. grew its holdings in shares of SiteOne Landscape Supply by 100.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 255,922 shares of the industrial products company's stock valued at $41,587,000 after purchasing an additional 128,076 shares in the last quarter. Jennison Associates LLC purchased a new position in SiteOne Landscape Supply during the third quarter worth $17,835,000. International Assets Investment Management LLC boosted its stake in SiteOne Landscape Supply by 14,782.5% during the fourth quarter. International Assets Investment Management LLC now owns 90,188 shares of the industrial products company's stock worth $14,656,000 after buying an additional 89,582 shares during the period. Comerica Bank purchased a new position in SiteOne Landscape Supply during the third quarter worth $14,624,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in SiteOne Landscape Supply by 14.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 586,629 shares of the industrial products company's stock worth $95,327,000 after buying an additional 75,698 shares during the period.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of the business'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 completion of the transaction, the chief executive officer now directly owns 574,657 shares in the company, valued at $93,151,899.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of the business'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 completion of the transaction, the chief executive officer now directly owns 574,657 shares in the company, valued at $93,151,899.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John T. Guthrie sold 3,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $2,784,060. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,000 shares of company stock worth $3,924,500. 2.70% of the stock is owned by corporate insiders.

SiteOne Landscape Supply Stock Down 0.8 %

NYSE:SITE traded down $1.26 during mid-day trading on Friday, reaching $152.02. The company's stock had a trading volume of 217,996 shares, compared to its average volume of 371,839. SiteOne Landscape Supply, Inc. has a 1 year low of $116.81 and a 1 year high of $188.01. The stock has a fifty day moving average of $166.32 and a 200-day moving average of $157.98. The firm has a market capitalization of $6.87 billion, a PE ratio of 44.06 and a beta of 1.53. The company has a quick ratio of 0.96, a current ratio of 2.36 and a debt-to-equity ratio of 0.35.

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) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.22). SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The business had revenue of $904.80 million during the quarter, compared to analysts' expectations of $864.01 million. During the same period last year, the company earned ($0.10) earnings per share. The firm's revenue was up 8.1% compared to the same quarter last year. Equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 4.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Stifel Nicolaus raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $167.00 to $165.00 in a research note on Thursday, May 2nd. Barclays dropped their price objective on shares of SiteOne Landscape Supply from $145.00 to $133.00 and set an "underweight" rating for the company in a research note on Thursday, May 2nd. Robert W. Baird lifted their price objective on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. Truist Financial lowered 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, May 2nd. Finally, Royal Bank of Canada boosted their target price on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the company a "sector perform" rating in a research note on Thursday, February 15th. Two 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 presently has a consensus rating of "Hold" and an average target price of $167.50.

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.