B. Metzler seel. Sohn & Co. AG Has $3.94 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

B. Metzler seel. Sohn & Co. AG raised its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 136.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,859 shares of the industrial products company's stock after purchasing an additional 17,231 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned approximately 0.07% of SiteOne Landscape Supply worth $3,935,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. grew its stake in shares of SiteOne Landscape Supply by 90.9% during 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. Trust Co. of Vermont boosted its position in SiteOne Landscape Supply by 657.9% in the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock valued at $38,000 after buying an additional 250 shares during the last quarter. Tortoise Investment Management LLC increased its stake in shares of SiteOne Landscape Supply by 78.9% in the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock valued at $39,000 after buying an additional 131 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of SiteOne Landscape Supply by 395.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock worth $45,000 after acquiring an additional 273 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of SiteOne Landscape Supply during the third quarter valued at $71,000.

Remove Ads

Analyst Upgrades and Downgrades

SITE has been the subject of a number of research reports. UBS Group lowered their price objective on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and increased their price objective for the company from $145.00 to $175.00 in a report on Friday, December 6th. Robert W. Baird lowered their target price on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a research note on Tuesday. They issued a "hold" rating and a $135.00 price target on the stock. Finally, StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Sunday, March 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $152.60.

SiteOne Landscape Supply Trading Down 6.6 %

SITE stock traded down $8.07 during midday trading on Thursday, hitting $114.58. 1,057,081 shares of the company's stock were exchanged, compared to its average volume of 388,023. SiteOne Landscape Supply, Inc. has a one year low of $110.75 and a one year high of $181.81. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The company has a market cap of $5.15 billion, a PE ratio of 42.60 and a beta of 1.62. The stock's fifty day moving average price is $131.80 and its 200-day moving average price is $139.24.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. Research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

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.