SiteOne Landscape Supply, Inc. $SITE Position Raised by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 11.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,397 shares of the industrial products company’s stock after purchasing an additional 3,916 shares during the period. B. Metzler seel. Sohn & Co. AG owned 0.09% of SiteOne Landscape Supply worth $4,783,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SITE. True Wealth Design LLC raised its stake in SiteOne Landscape Supply by 541.9% during the 4th 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 during the period. NewEdge Advisors LLC raised its stake in SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 107 shares during the period. HM Payson & Co. raised its stake in SiteOne Landscape Supply by 32.2% during the 3rd quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 97 shares during the period. Danske Bank A S acquired a new stake in SiteOne Landscape Supply during the 3rd quarter valued at $52,000. Finally, Tower Research Capital LLC TRC raised its stake in SiteOne Landscape Supply by 145.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 270 shares during the period.

Insider Activity at SiteOne Landscape Supply

In other news, EVP Eric J. Elema sold 1,765 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $158.01, for a total transaction of $278,887.65. Following the completion of the transaction, the executive vice president owned 2,911 shares of the company’s stock, valued at approximately $459,967.11. This represents a 37.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.

SiteOne Landscape Supply Stock Up 0.5%

SiteOne Landscape Supply stock opened at $145.10 on Friday. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 43.18, a P/E/G ratio of 1.79 and a beta of 1.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.47 and a quick ratio of 1.20. SiteOne Landscape Supply, Inc. has a fifty-two week low of $108.11 and a fifty-two week high of $168.56. The firm has a fifty day moving average price of $137.82 and a two-hundred day moving average price of $134.51.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.09. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.28%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.48) earnings per share. As a group, analysts forecast that SiteOne Landscape Supply, Inc. will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

SITE has been the topic of several research analyst reports. Barclays boosted their price target on shares of SiteOne Landscape Supply from $134.00 to $150.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. Royal Bank Of Canada boosted their price target on shares of SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Stifel Nicolaus set a $144.00 price target on shares of SiteOne Landscape Supply in a report on Monday, February 9th. UBS Group initiated coverage on shares of SiteOne Landscape Supply in a report on Friday, April 10th. They set a “neutral” rating and a $140.00 price target on the stock. Finally, Truist Financial boosted their price target on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and a consensus price target of $162.22.

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.