B. Metzler seel. Sohn & Co. AG Increases Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

B. Metzler seel. Sohn & Co. AG raised its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 136.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,859 shares of the industrial products company’s stock after acquiring an additional 17,231 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned approximately 0.07% of SiteOne Landscape Supply worth $3,935,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its holdings in SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Trust Co. of Vermont increased its stake in shares of SiteOne Landscape Supply by 657.9% during the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after buying an additional 250 shares during the period. Tortoise Investment Management LLC raised its holdings in shares of SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 131 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in SiteOne Landscape Supply by 395.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 273 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in SiteOne Landscape Supply in the third quarter valued at $71,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group dropped their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Royal Bank of Canada lifted their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Robert W. Baird reduced their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their target price for the company from $145.00 to $175.00 in a research note on Friday, December 6th. Finally, StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Sunday, March 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus target price of $154.56.

SiteOne Landscape Supply Trading Down 0.6 %

NYSE SITE opened at $121.20 on Tuesday. The stock’s fifty day moving average price is $132.81 and its 200-day moving average price is $139.51. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The stock has a market cap of $5.45 billion, a P/E ratio of 45.05 and a beta of 1.69. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $181.81.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data 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%. As a group, equities analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

SiteOne Landscape Supply Company 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.