Mediolanum International Funds Ltd Has $5.43 Million Stock Position in SiteOne Landscape Supply, Inc. $SITE

Mediolanum International Funds Ltd lowered its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 50.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,800 shares of the industrial products company’s stock after selling 42,852 shares during the period. Mediolanum International Funds Ltd’s holdings in SiteOne Landscape Supply were worth $5,434,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SITE. California Public Employees Retirement System grew its holdings in SiteOne Landscape Supply by 8.1% during the 1st quarter. California Public Employees Retirement System now owns 85,921 shares of the industrial products company’s stock worth $11,437,000 after acquiring an additional 6,413 shares during the period. Bessemer Group Inc. increased its stake in SiteOne Landscape Supply by 182.6% in the 1st quarter. Bessemer Group Inc. now owns 373 shares of the industrial products company’s stock valued at $50,000 after buying an additional 241 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of SiteOne Landscape Supply by 12.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 245,784 shares of the industrial products company’s stock worth $31,564,000 after purchasing an additional 26,901 shares during the period. Independent Financial Group LLC bought a new stake in shares of SiteOne Landscape Supply in the 1st quarter worth approximately $456,000. Finally, Bank of New York Mellon Corp lifted its holdings in SiteOne Landscape Supply by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 162,788 shares of the industrial products company’s stock valued at $21,669,000 after purchasing an additional 3,437 shares during the last quarter.

Insider Activity at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 562 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $112.52, for a total transaction of $63,236.24. Following the completion of the sale, the director owned 11,267 shares in the company, valued at approximately $1,267,762.84. This represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Bank of America dropped their price target on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Zacks Research cut shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, April 30th. Stifel Nicolaus decreased their price target on shares of SiteOne Landscape Supply from $157.00 to $153.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Finally, Barclays lowered their price objective on shares of SiteOne Landscape Supply from $148.00 to $129.00 and set an “equal weight” rating for the company in a report on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $156.64.

SiteOne Landscape Supply Price Performance

NYSE SITE opened at $102.86 on Tuesday. SiteOne Landscape Supply, Inc. has a one year low of $100.52 and a one year high of $168.56. The stock has a 50-day moving average of $109.69 and a 200 day moving average of $128.64. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 1.40 and a beta of 1.34. 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 posted its 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). The company had revenue of $940.10 million during the quarter, compared to the consensus estimate of $982.27 million. SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm posted ($0.61) EPS. On average, sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current year.

About SiteOne Landscape Supply

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.