Handelsbanken Fonder AB Acquires 49,700 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Handelsbanken Fonder AB boosted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 30.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 213,137 shares of the industrial products company’s stock after buying an additional 49,700 shares during the period. Handelsbanken Fonder AB owned approximately 0.47% of SiteOne Landscape Supply worth $28,085,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SITE. Ieq Capital LLC acquired a new stake in shares of SiteOne Landscape Supply in the 4th quarter worth about $292,000. New York State Common Retirement Fund increased its holdings in SiteOne Landscape Supply by 13.5% during the 4th quarter. New York State Common Retirement Fund now owns 91,237 shares of the industrial products company’s stock worth $12,022,000 after purchasing an additional 10,842 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in SiteOne Landscape Supply by 13.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,760 shares of the industrial products company’s stock worth $232,000 after purchasing an additional 209 shares in the last quarter. Empire Life Investments Inc. raised its stake in shares of SiteOne Landscape Supply by 11.6% in the fourth quarter. Empire Life Investments Inc. now owns 49,749 shares of the industrial products company’s stock worth $6,555,000 after purchasing an additional 5,187 shares during the last quarter. Finally, Buckhead Capital Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 8.5% in the fourth quarter. Buckhead Capital Management LLC now owns 2,230 shares of the industrial products company’s stock valued at $294,000 after purchasing an additional 174 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Stifel Nicolaus reiterated a “hold” rating and set a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Royal Bank of Canada upped their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their target price for the company from $145.00 to $175.00 in a report on Friday, December 6th. UBS Group cut their price target on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, Barclays increased their price objective on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $154.56.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $140.94 on Friday. The company has a market capitalization of $6.36 billion, a PE ratio of 52.39 and a beta of 1.57. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. The company has a 50-day simple moving average of $137.65 and a 200 day simple moving average of $141.53.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. On average, research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 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.