SiteOne Landscape Supply, Inc. $SITE Shares Bought by Sei Investments Co.

Sei Investments Co. grew its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 15.2% during the 1st quarter, Holdings Channel reports. The fund owned 254,882 shares of the industrial products company’s stock after acquiring an additional 33,562 shares during the period. Sei Investments Co.’s holdings in SiteOne Landscape Supply were worth $33,927,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SITE. Comerica Bank raised its stake in SiteOne Landscape Supply by 24.4% in the 4th quarter. Comerica Bank now owns 134,716 shares of the industrial products company’s stock valued at $16,780,000 after purchasing an additional 26,436 shares during the last quarter. Bamco Inc. NY boosted its stake in shares of SiteOne Landscape Supply by 3.1% during the 4th quarter. Bamco Inc. NY now owns 2,028,366 shares of the industrial products company’s stock worth $252,653,000 after purchasing an additional 61,490 shares during the last quarter. Pier Capital LLC acquired a new stake in shares of SiteOne Landscape Supply during the 4th quarter worth about $3,787,000. Norges Bank purchased a new stake in shares of SiteOne Landscape Supply during the fourth quarter worth about $18,925,000. Finally, Summit Creek Advisors LLC grew its holdings in shares of SiteOne Landscape Supply by 22.1% during the fourth quarter. Summit Creek Advisors LLC now owns 73,442 shares of the industrial products company’s stock worth $9,148,000 after buying an additional 13,312 shares in the last quarter.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 563 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total transaction of $64,818.19. Following the completion of the sale, the director directly owned 11,829 shares of the company’s stock, valued at $1,361,872.77. The trade was a 4.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SITE shares. Robert W. Baird set a $160.00 price objective on shares of SiteOne Landscape Supply in a research note on Thursday, April 30th. UBS Group reiterated a “neutral” rating on shares of SiteOne Landscape Supply in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Thursday, April 30th. Bank of America lowered their price objective 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. Finally, KeyCorp began coverage on SiteOne Landscape Supply in a research note on Monday, July 13th. They issued an “overweight” rating and a $145.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $156.64.

SiteOne Landscape Supply Price Performance

SITE opened at $101.19 on Tuesday. SiteOne Landscape Supply, Inc. has a 1 year low of $98.17 and a 1 year high of $168.56. The company’s 50 day simple moving average is $107.94 and its 200 day simple moving average is $127.72. The stock has a market capitalization of $4.48 billion, a PE ratio of 30.03, a P/E/G ratio of 1.35 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 issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.27). The company had revenue of $940.10 million for the quarter, compared to analyst estimates of $982.27 million. SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company posted ($0.61) EPS. As a group, sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current year.

SiteOne Landscape Supply Company 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.