Skandinaviska Enskilda Banken AB publ Purchases 172,500 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 320.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 226,300 shares of the industrial products company's stock after purchasing an additional 172,500 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.50% of SiteOne Landscape Supply worth $29,713,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bamco Inc. NY lifted its holdings in shares of SiteOne Landscape Supply by 8.9% during the third quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company's stock worth $238,489,000 after buying an additional 129,252 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of SiteOne Landscape Supply by 11.4% during the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company's stock worth $238,083,000 after buying an additional 161,846 shares during the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of SiteOne Landscape Supply by 2.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company's stock worth $153,835,000 after buying an additional 30,725 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 0.5% during the third quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company's stock worth $108,381,000 after buying an additional 3,434 shares during the last quarter. Finally, Geneva Capital Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 13.9% during the fourth quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company's stock worth $93,938,000 after buying an additional 86,793 shares during the last quarter.

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SiteOne Landscape Supply Price Performance

Shares of SITE stock traded up $0.33 during trading hours on Tuesday, hitting $123.97. 386,596 shares of the company's stock were exchanged, compared to its average volume of 370,741. The stock's 50-day moving average is $134.90 and its 200-day moving average is $140.33. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 46.09 and a beta of 1.69. SiteOne Landscape Supply, Inc. has a 52 week low of $114.60 and a 52 week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. As a group, research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and upped their target price for the company from $145.00 to $175.00 in a research note on Friday, December 6th. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Sunday. UBS Group cut their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus restated a "hold" rating and issued a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Finally, Royal Bank of Canada upped their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $154.56.

SiteOne Landscape Supply 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.