SiteOne Landscape Supply, Inc. $SITE Shares Sold by Summit Creek Advisors LLC

Summit Creek Advisors LLC lowered its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 15.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,455 shares of the industrial products company’s stock after selling 6,494 shares during the period. Summit Creek Advisors LLC owned 0.08% of SiteOne Landscape Supply worth $3,202,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Basecamp Wealth Advisors LLC grew its stake in SiteOne Landscape Supply by 219.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 127 shares during the period. Fortitude Family Office LLC raised its holdings in SiteOne Landscape Supply by 2,178.6% in the third quarter. Fortitude Family Office LLC now owns 319 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 305 shares in the last quarter. Bessemer Group Inc. raised its holdings in SiteOne Landscape Supply by 182.6% in the first quarter. Bessemer Group Inc. now owns 373 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 241 shares in the last quarter. Versant Capital Management Inc raised its holdings in SiteOne Landscape Supply by 114.3% in the third quarter. Versant Capital Management Inc now owns 420 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 224 shares in the last quarter. Finally, State of Wyoming lifted its position in SiteOne Landscape Supply by 77.9% during the first quarter. State of Wyoming now owns 619 shares of the industrial products company’s stock valued at $82,000 after buying an additional 271 shares during the period.

SiteOne Landscape Supply Stock Down 1.1%

Shares of NYSE:SITE opened at $112.67 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.03 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $96.48 and a two-hundred day simple moving average of $115.77. SiteOne Landscape Supply, Inc. has a 12-month low of $82.00 and a 12-month high of $168.56. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 1.76 and a beta of 1.29.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, October 28th. The industrial products company reported $1.46 EPS for the quarter, hitting analysts’ consensus estimates of $1.46. SiteOne Landscape Supply had a return on equity of 10.06% and a net margin of 3.49%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the firm posted $1.31 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SITE has been the topic of a number of research reports. Zacks Research cut shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 27th. Royal Bank Of Canada decreased their price target on shares of SiteOne Landscape Supply from $135.00 to $124.00 and set an “outperform” rating for the company in a research note on Wednesday, October 7th. UBS Group lifted their price target on shares of SiteOne Landscape Supply from $110.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday, October 29th. Truist Financial lowered their price target on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, KeyCorp dropped their price objective on shares of SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $123.00.

Insider Activity

In other news, CEO Doug Black purchased 9,100 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were bought at an average price of $110.30 per share, for a total transaction of $1,003,730.00. Following the purchase, the chief executive officer directly owned 18,141 shares in the company, valued at approximately $2,000,952.30. This trade represents a 100.65% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by corporate insiders.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.

Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.