Legal & General Group Plc Has $5.61 Million Stock Holdings in SiteOne Landscape Supply, Inc. $SITE

Legal & General Group Plc lessened its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 23.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 45,069 shares of the industrial products company’s stock after selling 13,832 shares during the quarter. Legal & General Group Plc’s holdings in SiteOne Landscape Supply were worth $5,614,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank lifted its stake in SiteOne Landscape Supply by 24.4% during the fourth quarter. Comerica Bank now owns 134,716 shares of the industrial products company’s stock worth $16,780,000 after purchasing an additional 26,436 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $1,932,000. Magnetar Financial LLC grew its stake in shares of SiteOne Landscape Supply by 41.0% in the 3rd quarter. Magnetar Financial LLC now owns 46,669 shares of the industrial products company’s stock valued at $6,011,000 after purchasing an additional 13,572 shares during the period. Interval Partners LP bought a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $12,720,000. Finally, 59 North Capital Management LP bought a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $214,417,000.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SITE. Royal Bank Of Canada boosted their target price on SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Thursday, April 30th. Barclays cut their price target on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Truist Financial upped their price objective on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Bank of America lowered their price objective on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $160.10.

SiteOne Landscape Supply Price Performance

SITE stock opened at $105.24 on Monday. The stock has a 50-day moving average price of $125.23 and a two-hundred day moving average price of $133.26. The stock has a market cap of $4.66 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.37 and a beta of 1.35. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. SiteOne Landscape Supply, Inc. has a 1 year low of $100.52 and a 1 year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). The firm had revenue of $940.10 million for the quarter, compared to the consensus estimate of $982.27 million. SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.SiteOne Landscape Supply’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the company posted ($0.61) EPS. Equities analysts forecast that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 563 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $115.13, for a total transaction of $64,818.19. Following the completion of the transaction, the director owned 11,829 shares in the company, valued at approximately $1,361,872.77. This represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.10% of the company’s stock.

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.