SiteOne Landscape Supply, Inc. (NYSE:SITE) Position Trimmed by Swedbank AB

Swedbank AB trimmed its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 30.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,000 shares of the industrial products company's stock after selling 31,000 shares during the period. Swedbank AB owned about 0.16% of SiteOne Landscape Supply worth $10,715,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in SiteOne Landscape Supply by 49.3% in the second quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company's stock worth $58,226,000 after purchasing an additional 158,350 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in SiteOne Landscape Supply by 130.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 198,214 shares of the industrial products company's stock worth $24,065,000 after buying an additional 112,362 shares in the last quarter. American Century Companies Inc. increased its position in SiteOne Landscape Supply by 44.3% in the second quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company's stock worth $43,717,000 after purchasing an additional 110,589 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of SiteOne Landscape Supply in the second quarter worth about $7,540,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of SiteOne Landscape Supply by 10.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 568,349 shares of the industrial products company's stock valued at $69,007,000 after purchasing an additional 53,131 shares in the last quarter.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the company's stock in a transaction 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 owns 12,942 shares of the company's stock, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on SITE shares. StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. The Goldman Sachs Group began coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They set a "neutral" rating and a $158.00 price target on the stock. Truist Financial raised their price objective 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. Robert W. Baird boosted their price target on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Finally, Barclays boosted their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, SiteOne Landscape Supply has a consensus rating of "Hold" and a consensus target price of $147.80.

SiteOne Landscape Supply Stock Performance

Shares of NYSE:SITE traded up $0.41 during trading on Wednesday, reaching $151.87. The company had a trading volume of 198,698 shares, compared to its average volume of 362,699. 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's fifty day moving average price is $146.19 and its 200 day moving average price is $140.36. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 49.05 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.21). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The company's revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 earnings per share. As a group, equities research analysts predict that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current year.

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.