UBS Group AG Sells 249,406 Shares of SiteOne Landscape Supply, Inc. $SITE

UBS Group AG cut its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 52.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 223,811 shares of the industrial products company’s stock after selling 249,406 shares during the period. UBS Group AG’s holdings in SiteOne Landscape Supply were worth $27,878,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. True Wealth Design LLC boosted its holdings in SiteOne Landscape Supply by 541.9% in the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock worth $25,000 after buying an additional 168 shares during the period. NewEdge Advisors LLC boosted its holdings in SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after buying an additional 107 shares during the period. Danske Bank A S bought a new position in SiteOne Landscape Supply in the 3rd quarter worth approximately $52,000. Tower Research Capital LLC TRC boosted its holdings in SiteOne Landscape Supply by 145.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock worth $55,000 after buying an additional 270 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in SiteOne Landscape Supply by 276.5% in the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the industrial products company’s stock worth $58,000 after buying an additional 329 shares during the period.

SiteOne Landscape Supply Stock Down 3.3%

Shares of NYSE:SITE opened at $120.92 on Friday. The firm has a fifty day moving average price of $134.65 and a two-hundred day moving average price of $135.10. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96. SiteOne Landscape Supply, Inc. has a one year low of $112.23 and a one year high of $168.56. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 1.58 and a beta of 1.42.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barclays cut their price objective on shares of SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Stifel Nicolaus raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a report on Monday, May 4th. Robert W. Baird set a $160.00 price objective on shares of SiteOne Landscape Supply in a report on Thursday, April 30th. Bank of America cut 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 report on Monday, April 20th. Finally, Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $160.10.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, EVP Eric J. Elema sold 1,765 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $158.01, for a total transaction of $278,887.65. Following the sale, the executive vice president owned 2,911 shares in the company, valued at approximately $459,967.11. This trade represents a 37.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.