SiteOne Landscape Supply, Inc. $SITE Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 18.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 206,741 shares of the industrial products company’s stock after selling 45,798 shares during the quarter. Handelsbanken Fonder AB owned about 0.47% of SiteOne Landscape Supply worth $23,653,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SITE. Basecamp Wealth Advisors LLC boosted its position in SiteOne Landscape Supply by 219.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock valued at $25,000 after buying an additional 127 shares during the last quarter. Whittier Trust Co. lifted its stake in SiteOne Landscape Supply by 72.7% during the 1st quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 88 shares during the period. Rothschild Investment LLC boosted its holdings in shares of SiteOne Landscape Supply by 1,521.4% in the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 213 shares during the last quarter. IFP Advisors Inc increased its stake in shares of SiteOne Landscape Supply by 106.8% in the fourth quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 158 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter worth $42,000.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $96.61 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.01 and a current ratio of 2.30. The stock has a market capitalization of $4.22 billion, a PE ratio of 26.47, a P/E/G ratio of 1.43 and a beta of 1.35. SiteOne Landscape Supply, Inc. has a fifty-two week low of $90.07 and a fifty-two week high of $168.56. The company has a fifty day moving average of $105.10 and a two-hundred day moving average of $123.90.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, July 29th. The industrial products company reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%.The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.86 EPS. As a group, research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SITE shares. Weiss Ratings upgraded shares of SiteOne Landscape Supply from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. Barclays lowered their target price on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. KeyCorp dropped their target price on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. UBS Group lowered their price objective on SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Finally, Robert W. Baird cut their target price on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $135.27.

Insider Activity at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 562 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $112.52, for a total value of $63,236.24. Following the transaction, the director owned 11,267 shares in the company, valued at $1,267,762.84. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Doug Black purchased 8,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $102.03 per share, for a total transaction of $816,240.00. Following the completion of the purchase, the chief executive officer directly owned 8,000 shares of the company’s stock, valued at approximately $816,240. The trade was a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.10% of the stock is currently owned by insiders.

SiteOne Landscape Supply 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.