SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Polen Capital Management LLC

Polen Capital Management LLC trimmed its position in SiteOne Landscape Supply, Inc. (NYSE:SITEFree Report) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,333 shares of the industrial products company’s stock after selling 2,128 shares during the quarter. Polen Capital Management LLC’s holdings in SiteOne Landscape Supply were worth $3,467,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. P2 Capital Partners LLC lifted its holdings in shares of SiteOne Landscape Supply by 17.5% in the 4th quarter. P2 Capital Partners LLC now owns 336,211 shares of the industrial products company’s stock worth $54,634,000 after acquiring an additional 50,000 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of SiteOne Landscape Supply by 1.6% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 176,990 shares of the industrial products company’s stock worth $28,761,000 after acquiring an additional 2,831 shares during the last quarter. Guardian Wealth Management Inc. acquired a new position in shares of SiteOne Landscape Supply in the 4th quarter worth approximately $116,000. Ranger Investment Management L.P. lifted its holdings in shares of SiteOne Landscape Supply by 0.5% in the 4th quarter. Ranger Investment Management L.P. now owns 189,820 shares of the industrial products company’s stock worth $30,846,000 after acquiring an additional 880 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of SiteOne Landscape Supply by 17.5% in the 4th quarter. Sei Investments Co. now owns 273,017 shares of the industrial products company’s stock worth $44,366,000 after acquiring an additional 40,702 shares during the last quarter.

Insider Buying and Selling

In related news, CEO Doug Black sold 10,000 shares of the 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 completion of the sale, the chief executive officer now owns 574,657 shares in the company, valued at approximately $93,151,899.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on SITE. Robert W. Baird cut their target price on shares of SiteOne Landscape Supply from $185.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Truist Financial cut their target price on shares of SiteOne Landscape Supply from $175.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Loop Capital cut their target price on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday. Barclays cut their target price on shares of SiteOne Landscape Supply from $133.00 to $129.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 5th. Finally, Stifel Nicolaus cut their target price on shares of SiteOne Landscape Supply from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $153.63.

View Our Latest Analysis on SITE

SiteOne Landscape Supply Stock Down 0.6 %

Shares of NYSE:SITE traded down $0.80 during trading hours on Friday, reaching $131.29. The stock had a trading volume of 305,691 shares, compared to its average volume of 331,210. SiteOne Landscape Supply, Inc. has a 1 year low of $116.81 and a 1 year high of $188.01. The firm’s 50 day moving average is $153.79 and its 200-day moving average is $159.48. 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 stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 38.06 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITEGet Free Report) last posted its earnings results 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 company had revenue of $904.80 million during the quarter, compared to analysts’ expectations of $864.01 million. SiteOne Landscape Supply had a net margin of 3.63% and a return on equity of 10.77%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned ($0.10) earnings per share. Research analysts predict that SiteOne Landscape Supply, Inc. will post 3.81 earnings per share for the current fiscal year.

About SiteOne Landscape Supply

(Free Report)

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.

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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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