B. Metzler seel. Sohn & Co. Holding AG Invests $1.91 Million in SiteOne Landscape Supply, Inc. (NYSE:SITE)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,628 shares of the industrial products company's stock, valued at approximately $1,906,000.

A number of other large investors have also recently made changes to their positions in the stock. MJP Associates Inc. ADV boosted its holdings in SiteOne Landscape Supply by 5.7% in the second quarter. MJP Associates Inc. ADV now owns 1,707 shares of the industrial products company's stock valued at $207,000 after purchasing an additional 92 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in SiteOne Landscape Supply by 5.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company's stock valued at $245,000 after purchasing an additional 98 shares during the last quarter. Equitable Trust Co. boosted its holdings in SiteOne Landscape Supply by 3.0% in the second quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company's stock valued at $432,000 after purchasing an additional 103 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in SiteOne Landscape Supply by 6.1% in the third quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company's stock valued at $278,000 after purchasing an additional 106 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its holdings in SiteOne Landscape Supply by 7.9% in the first quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company's stock valued at $304,000 after purchasing an additional 127 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SITE shares. Barclays upped their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a report on Thursday, October 31st. Robert W. Baird increased their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Truist Financial increased their target price on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Royal Bank of Canada lowered their target price on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 1st. Finally, Stifel Nicolaus lowered shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 target price on the stock. in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $147.80.

SiteOne Landscape Supply Price Performance

Shares of SITE traded up $5.55 during mid-day trading on Friday, hitting $148.69. 527,799 shares of the company were exchanged, compared to its average volume of 363,369. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. 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 50 day moving average of $145.65 and a 200-day moving average of $140.68. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 46.44 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.21). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The firm's revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 EPS. Analysts expect that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the sale, the executive vice president now owns 12,942 shares in the company, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is owned by insiders.

SiteOne Landscape Supply Company Profile

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.