SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 30.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 213,137 shares of the industrial products company's stock after buying an additional 49,700 shares during the period. Handelsbanken Fonder AB owned 0.47% of SiteOne Landscape Supply worth $28,085,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SITE. Barclays PLC grew its holdings in SiteOne Landscape Supply by 71.2% in the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company's stock valued at $7,304,000 after buying an additional 20,134 shares during the period. Holocene Advisors LP boosted its position in shares of SiteOne Landscape Supply by 38.2% in the third quarter. Holocene Advisors LP now owns 51,625 shares of the industrial products company's stock worth $7,791,000 after acquiring an additional 14,269 shares during the last quarter. Algert Global LLC grew its holdings in SiteOne Landscape Supply by 375.4% in the third quarter. Algert Global LLC now owns 29,506 shares of the industrial products company's stock valued at $4,453,000 after purchasing an additional 23,300 shares during the period. Janus Henderson Group PLC increased its position in SiteOne Landscape Supply by 36.5% during the third quarter. Janus Henderson Group PLC now owns 49,784 shares of the industrial products company's stock worth $7,512,000 after purchasing an additional 13,314 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in SiteOne Landscape Supply by 16.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 35,269 shares of the industrial products company's stock worth $5,322,000 after purchasing an additional 4,970 shares during the period.

SiteOne Landscape Supply Stock Down 4.4 %

Shares of NYSE:SITE traded down $6.13 during mid-day trading on Friday, hitting $134.72. 354,784 shares of the company traded hands, compared to its average volume of 374,252. The firm has a market cap of $6.08 billion, a P/E ratio of 50.08 and a beta of 1.57. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. The firm's 50 day simple moving average is $137.65 and its 200 day simple moving average is $141.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53.

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

Analysts Set New Price Targets

SITE has been the subject of several research reports. Stifel Nicolaus reissued a "hold" rating and set a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. UBS Group reduced their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. StockNews.com lowered SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Barclays lifted their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and boosted their target price for the stock from $145.00 to $175.00 in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $154.56.

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.