Handelsbanken Fonder AB Boosts Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Handelsbanken Fonder AB increased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 17.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,437 shares of the industrial products company’s stock after acquiring an additional 24,200 shares during the quarter. Handelsbanken Fonder AB owned about 0.36% of SiteOne Landscape Supply worth $24,664,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Quadrature Capital Ltd grew its position in shares of SiteOne Landscape Supply by 42.1% in the fourth quarter. Quadrature Capital Ltd now owns 17,800 shares of the industrial products company’s stock valued at $2,894,000 after purchasing an additional 5,270 shares in the last quarter. Natixis Investment Managers International grew its holdings in SiteOne Landscape Supply by 101.1% in the 4th quarter. Natixis Investment Managers International now owns 6,655 shares of the industrial products company’s stock valued at $1,081,000 after buying an additional 3,345 shares in the last quarter. Sei Investments Co. increased its stake 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. Ranger Investment Management L.P. raised its holdings in shares of SiteOne Landscape Supply by 0.5% during 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 period. Finally, Guardian Wealth Management Inc. acquired a new position in shares of SiteOne Landscape Supply during the 4th quarter valued at about $116,000.

Insiders Place Their Bets

In related news, Director Fred M. Diaz sold 878 shares of SiteOne Landscape Supply stock in a transaction on Monday, August 5th. The shares were sold at an average price of $129.04, for a total value of $113,297.12. Following the transaction, the director now directly owns 11,267 shares in the company, valued at $1,453,893.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SITE shares. Jefferies Financial Group cut their price objective on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Royal Bank of Canada reduced their price target on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. UBS Group lowered their price objective on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. StockNews.com cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Finally, Robert W. Baird decreased their price target on SiteOne Landscape Supply from $175.00 to $168.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $144.33.

SiteOne Landscape Supply Stock Performance

Shares of SITE traded down $3.00 during mid-day trading on Friday, reaching $144.02. 211,341 shares of the company’s stock were exchanged, compared to its average volume of 261,189. The business’s fifty day simple moving average is $140.71 and its 200-day simple moving average is $146.01. The stock has a market capitalization of $6.50 billion, a PE ratio of 41.74 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.13. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the company earned $2.71 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.19 earnings per share for the current year.

SiteOne Landscape Supply Company Profile

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.