87,623 Shares in SiteOne Landscape Supply, Inc. $SITE Bought by SEB Asset Management AB

SEB Asset Management AB acquired a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE) during the 1st quarter, Holdings Channel reports. The fund acquired 87,623 shares of the industrial products company’s stock, valued at approximately $11,663,000.

A number of other large investors have also recently added to or reduced their stakes in SITE. True Wealth Design LLC lifted its holdings in shares of SiteOne Landscape Supply by 541.9% in the fourth quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 168 shares in the last quarter. Whittier Trust Co. grew its position in shares of SiteOne Landscape Supply by 72.7% in the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 88 shares during the last quarter. Rothschild Investment LLC increased its stake in shares of SiteOne Landscape Supply by 1,521.4% during the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 213 shares in the last quarter. IFP Advisors Inc increased its stake in shares of SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 158 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of SiteOne Landscape Supply during the 4th quarter worth approximately $42,000.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 562 shares of SiteOne Landscape Supply stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $112.52, for a total value of $63,236.24. Following the completion of the transaction, the director directly owned 11,267 shares of the company’s stock, valued at approximately $1,267,762.84. The trade was a 4.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. KeyCorp assumed coverage on SiteOne Landscape Supply in a research report on Monday, July 13th. They issued an “overweight” rating and a $145.00 price objective on the stock. Weiss Ratings downgraded shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Barclays reduced their target price on shares of SiteOne Landscape Supply from $148.00 to $129.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. Robert W. Baird set a $160.00 price target on shares of SiteOne Landscape Supply in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $156.64.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $102.86 on Tuesday. The firm has a 50-day moving average of $109.69 and a two-hundred day moving average of $128.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96. The stock has a market cap of $4.56 billion, a P/E ratio of 30.52, a PEG ratio of 1.40 and a beta of 1.34. SiteOne Landscape Supply, Inc. has a 1-year low of $100.52 and a 1-year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.27). The business had revenue of $940.10 million for the quarter, compared to analysts’ expectations of $982.27 million. SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.61) earnings per share. On average, research analysts expect that SiteOne Landscape Supply, Inc. will post 4.02 earnings per share for the current fiscal year.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.