KBC Group NV Has $257,000 Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

KBC Group NV lifted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 43.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,947 shares of the industrial products company’s stock after buying an additional 586 shares during the quarter. KBC Group NV’s holdings in SiteOne Landscape Supply were worth $257,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SITE. Tidal Investments LLC raised its position in shares of SiteOne Landscape Supply by 1.5% during the 3rd quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock valued at $780,000 after acquiring an additional 77 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in SiteOne Landscape Supply by 90.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in SiteOne Landscape Supply by 6.1% in the third quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock valued at $278,000 after buying an additional 106 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in SiteOne Landscape Supply by 5.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,131 shares of the industrial products company’s stock worth $322,000 after buying an additional 113 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its position in shares of SiteOne Landscape Supply by 2.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company’s stock worth $797,000 after buying an additional 119 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SITE shares. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. The Goldman Sachs Group started coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price target for the company. Robert W. Baird raised their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Barclays boosted their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Finally, StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $156.44.

Insider Buying and Selling

In other news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the sale, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.60% of the stock is currently owned by corporate insiders.

SiteOne Landscape Supply Price Performance

NYSE SITE opened at $136.18 on Tuesday. The firm’s 50 day moving average is $140.94 and its 200-day moving average is $141.67. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $6.14 billion, a PE ratio of 44.07 and a beta of 1.57. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $188.01.

About SiteOne Landscape Supply

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.