Cwm LLC Raises Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)


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Cwm LLC grew its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,084 shares of the industrial products company’s stock after purchasing an additional 921 shares during the quarter. Cwm LLC’s holdings in SiteOne Landscape Supply were worth $8,381,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of SITE. Brinker Capital Investments LLC acquired a new position in shares of SiteOne Landscape Supply in the third quarter valued at approximately $309,000. Sei Investments Co. raised its stake in shares of SiteOne Landscape Supply by 0.7% during the third quarter. Sei Investments Co. now owns 51,072 shares of the industrial products company’s stock worth $6,223,000 after purchasing an additional 375 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of SiteOne Landscape Supply during the third quarter worth approximately $262,000. Strs Ohio raised its stake in shares of SiteOne Landscape Supply by 7.6% during the third quarter. Strs Ohio now owns 7,100 shares of the industrial products company’s stock worth $865,000 after purchasing an additional 500 shares during the last quarter. Finally, Polianta Ltd purchased a new stake in shares of SiteOne Landscape Supply during the fourth quarter worth approximately $1,348,000.

Several research firms have recently commented on SITE. William Blair restated an “outperform” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, February 24th. Zacks Investment Research cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Wednesday, April 28th. Truist increased their price objective on SiteOne Landscape Supply from $130.00 to $186.00 in a research report on Thursday, February 25th. Jefferies Financial Group raised their price target on SiteOne Landscape Supply from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, January 15th. Finally, TheStreet upgraded SiteOne Landscape Supply from a “c+” rating to a “b-” rating in a research report on Thursday, March 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $156.88.

In related news, CFO John T. Guthrie sold 622 shares of the firm’s stock in a transaction on Thursday, April 22nd. The shares were sold at an average price of $175.78, for a total transaction of $109,335.16. Following the completion of the sale, the chief financial officer now directly owns 15,262 shares of the company’s stock, valued at approximately $2,682,754.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Greg Weller sold 3,865 shares of the firm’s stock in a transaction on Friday, March 5th. The shares were sold at an average price of $155.46, for a total transaction of $600,852.90. Following the sale, the executive vice president now directly owns 12,303 shares of the company’s stock, valued at $1,912,624.38. The disclosure for this sale can be found here. Insiders sold a total of 25,050 shares of company stock worth $4,351,422 over the last ninety days. Corporate insiders own 3.49% of the company’s stock.

NYSE SITE opened at $184.02 on Tuesday. The firm has a market capitalization of $8.17 billion, a P/E ratio of 72.16 and a beta of 1.23. SiteOne Landscape Supply, Inc. has a 1-year low of $80.55 and a 1-year high of $189.19. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.75 and a quick ratio of 1.58. The business’s 50-day simple moving average is $177.27 and its 200-day simple moving average is $157.59.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, February 24th. The industrial products company reported $0.25 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.36. The business had revenue of $675.10 million for the quarter, compared to analyst estimates of $601.04 million. SiteOne Landscape Supply had a return on equity of 22.35% and a net margin of 4.38%. The company’s revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. On average, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 2.43 EPS for the current fiscal year.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 130,000 stock keeping units, including irrigation supplies, which consists controllers, valves, sprinkler heads, and irrigation and drainage pipes; fertilizers, grass seed, and ice melt products; control products, which include herbicides, fungicides, rodenticides, and other pesticides; landscape accessories, which comprise mulches, soil amendments, tools, and sod; nursery goods, which consist of deciduous shrubs, evergreen shrubs and trees, ornamental trees, shade trees, field grown and container-grown nursery stock, and plant species; and outdoor lighting products, which include accent lights, dark lights, path lights, up lights, down lights, wall lights, and pool and aquatic area lighting, as well as hardscapes, such as pavers, natural stones, blocks, and other durable materials.

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

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