Skandinaviska Enskilda Banken AB publ Sells 123,377 Shares of SiteOne Landscape Supply, Inc. $SITE

Skandinaviska Enskilda Banken AB publ decreased its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 68.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 55,923 shares of the industrial products company’s stock after selling 123,377 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in SiteOne Landscape Supply were worth $7,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in SiteOne Landscape Supply by 743.5% in the 2nd quarter. AQR Capital Management LLC now owns 441,192 shares of the industrial products company’s stock valued at $52,440,000 after purchasing an additional 388,890 shares during the period. Bamco Inc. NY lifted its holdings in shares of SiteOne Landscape Supply by 14.2% during the second quarter. Bamco Inc. NY now owns 1,941,817 shares of the industrial products company’s stock worth $234,843,000 after buying an additional 242,106 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of SiteOne Landscape Supply by 319.3% during the second quarter. BNP Paribas Financial Markets now owns 157,249 shares of the industrial products company’s stock worth $19,018,000 after buying an additional 119,749 shares in the last quarter. American Century Companies Inc. boosted its position in shares of SiteOne Landscape Supply by 20.6% in the second quarter. American Century Companies Inc. now owns 629,029 shares of the industrial products company’s stock valued at $76,075,000 after acquiring an additional 107,465 shares during the period. Finally, Mediolanum International Funds Ltd acquired a new position in shares of SiteOne Landscape Supply in the third quarter valued at about $11,963,000.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, EVP Eric J. Elema sold 1,765 shares of the company’s stock in a transaction on 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 $459,967.11. This represents a 37.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is currently owned by corporate insiders.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $150.47 on Friday. The firm’s 50 day simple moving average is $140.37 and its 200 day simple moving average is $135.08. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 44.78, a P/E/G ratio of 1.94 and a beta of 1.59. The company has a current ratio of 2.49, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.09. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.33%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.48) earnings per share. As a group, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SITE has been the subject of several analyst reports. Truist Financial lifted their price objective on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Zacks Research upgraded shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Barclays boosted their price target on SiteOne Landscape Supply from $134.00 to $150.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Robert W. Baird set a $190.00 price objective on SiteOne Landscape Supply in a research note on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $159.44.

SiteOne Landscape Supply Company Profile

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.