Swedbank AB Decreases Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Swedbank AB trimmed its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,000 shares of the industrial products company's stock after selling 14,000 shares during the period. Swedbank AB owned 0.13% of SiteOne Landscape Supply worth $7,511,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. KBC Group NV increased its position in SiteOne Landscape Supply by 43.1% during the 4th quarter. KBC Group NV now owns 1,947 shares of the industrial products company's stock valued at $257,000 after buying an additional 586 shares in the last quarter. Crown Oak Advisors LLC increased its position in SiteOne Landscape Supply by 12.9% during the 4th quarter. Crown Oak Advisors LLC now owns 53,084 shares of the industrial products company's stock valued at $6,995,000 after buying an additional 6,074 shares in the last quarter. SG Americas Securities LLC acquired a new position in SiteOne Landscape Supply during the 4th quarter valued at about $427,000. Mitchell & Pahl Private Wealth LLC increased its position in SiteOne Landscape Supply by 9.1% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 4,974 shares of the industrial products company's stock valued at $655,000 after buying an additional 414 shares in the last quarter. Finally, Trust Co. of Vermont increased its position in SiteOne Landscape Supply by 657.9% during 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 in the last quarter.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock traded down $0.93 during midday trading on Wednesday, hitting $135.89. 476,713 shares of the company were exchanged, compared to its average volume of 310,561. The firm has a market capitalization of $6.13 billion, a PE ratio of 43.98 and a beta of 1.57. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. The business has a fifty day simple moving average of $140.24 and a two-hundred day simple moving average of $141.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total value of $924,300.00. Following the sale, the executive vice president now directly owns 12,942 shares of the company's stock, valued at approximately $1,840,352.40. This trade represents a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SITE shares. Jefferies Financial Group raised 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 report on Friday, December 6th. Barclays boosted their price target 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. Robert W. Baird increased their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a "neutral" rating and a $158.00 price objective on the stock. Finally, StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $156.44.

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.