SiteOne Landscape Supply, Inc. $SITE Shares Sold by Premier Fund Managers Ltd

Premier Fund Managers Ltd reduced its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 19.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 277,640 shares of the industrial products company’s stock after selling 65,848 shares during the quarter. SiteOne Landscape Supply accounts for approximately 2.0% of Premier Fund Managers Ltd’s investment portfolio, making the stock its 13th largest position. Premier Fund Managers Ltd’s holdings in SiteOne Landscape Supply were worth $35,155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC boosted its position in shares of SiteOne Landscape Supply by 541.9% in the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 168 shares during the period. NewEdge Advisors LLC boosted its position in shares of SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 107 shares during the period. Danske Bank A S acquired a new position in shares of SiteOne Landscape Supply in the 3rd quarter valued at $52,000. Tower Research Capital LLC TRC boosted its position in shares of SiteOne Landscape Supply by 145.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 270 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of SiteOne Landscape Supply by 276.5% in the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 329 shares during the period.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Eric J. Elema sold 1,765 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $158.01, for a total transaction of $278,887.65. Following the completion of the sale, the executive vice president directly owned 2,911 shares in the company, valued at approximately $459,967.11. This trade represents a 37.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. UBS Group assumed coverage on SiteOne Landscape Supply in a research report on Friday, April 10th. They issued a “neutral” rating and a $140.00 price target for the company. Robert W. Baird set a $160.00 price target on SiteOne Landscape Supply in a research report on Thursday, April 30th. Stifel Nicolaus upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Thursday, April 30th. Finally, Zacks Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Moderate Buy” and an average price target of $160.10.

SiteOne Landscape Supply Trading Up 1.0%

Shares of NYSE SITE opened at $122.28 on Thursday. SiteOne Landscape Supply, Inc. has a one year low of $112.23 and a one year high of $168.56. The firm has a market capitalization of $5.42 billion, a PE ratio of 36.29, a PEG ratio of 1.58 and a beta of 1.42. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $135.12 and a two-hundred day moving average price of $135.07.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The business had revenue of $940.10 million for the quarter, compared to analyst estimates of $982.27 million. During the same quarter in the previous year, the business posted ($0.61) earnings per share. The company’s revenue was up .1% compared to the same quarter last year. As a group, analysts predict that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current fiscal year.

About SiteOne Landscape Supply

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.