Capital World Investors Buys 385,666 Shares of SiteOne Landscape Supply, Inc. $SITE

Capital World Investors boosted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 37.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,402,337 shares of the industrial products company’s stock after acquiring an additional 385,666 shares during the quarter. Capital World Investors’ holdings in SiteOne Landscape Supply were worth $174,675,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC lifted its position in SiteOne Landscape Supply by 541.9% in the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 168 shares in the last quarter. Rothschild Investment LLC lifted its position in SiteOne Landscape Supply by 1,521.4% in the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 213 shares in the last quarter. IFP Advisors Inc lifted its position in SiteOne Landscape Supply by 106.8% in the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 158 shares in the last quarter. NewEdge Advisors LLC lifted its position in SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 107 shares in the last quarter. Finally, Danske Bank A S bought a new stake in SiteOne Landscape Supply in the 3rd quarter valued at $52,000.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Stifel Nicolaus raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price target on the stock in a research report on Monday, May 4th. Robert W. Baird set a $160.00 price target on shares of SiteOne Landscape Supply in a research report on Thursday, April 30th. Bank of America cut their price target on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. 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 report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average price target of $160.10.

SiteOne Landscape Supply Stock Down 2.9%

Shares of SITE opened at $102.02 on Tuesday. SiteOne Landscape Supply, Inc. has a 52 week low of $100.52 and a 52 week high of $168.56. The firm has a market cap of $4.52 billion, a P/E ratio of 30.27, a price-to-earnings-growth ratio of 1.37 and a beta of 1.35. The firm’s 50-day simple moving average is $124.61 and its 200 day simple moving average is $133.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The company had revenue of $940.10 million during the quarter, compared to analyst estimates of $982.27 million. During the same quarter last year, the company posted ($0.61) EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts forecast that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current year.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 562 shares of the business’s 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 sale, the director owned 11,267 shares of the company’s stock, valued at $1,267,762.84. The trade was a 4.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by corporate insiders.

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.