173,500 Shares in SiteOne Landscape Supply, Inc. (NYSE:SITE) Purchased by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments purchased a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 173,500 shares of the industrial products company's stock, valued at approximately $22,787,000. BLI Banque de Luxembourg Investments owned about 0.38% of SiteOne Landscape Supply as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SITE. Trust Co. of Vermont raised its position in shares of SiteOne Landscape Supply by 657.9% in 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 in the last quarter. Tortoise Investment Management LLC raised its holdings in SiteOne Landscape Supply by 78.9% in the 4th 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. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of SiteOne Landscape Supply during the 4th quarter valued at $40,000. Brown Brothers Harriman & Co. grew its holdings in shares of SiteOne Landscape Supply by 395.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock worth $45,000 after purchasing an additional 273 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of SiteOne Landscape Supply in the third quarter worth $71,000.

Analyst Ratings Changes

Several brokerages have commented on SITE. UBS Group lowered their price objective 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. Deutsche Bank Aktiengesellschaft assumed coverage on SiteOne Landscape Supply in a research note on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price objective on the stock. Loop Capital lowered their target price on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Royal Bank of Canada dropped their target price on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. Finally, Truist Financial decreased their price target on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $145.70.

SiteOne Landscape Supply Trading Down 0.4 %

SiteOne Landscape Supply stock traded down $0.45 during mid-day trading on Friday, hitting $120.91. 114,220 shares of the stock were exchanged, compared to its average volume of 498,931. The firm's fifty day simple moving average is $118.37 and its two-hundred day simple moving average is $132.96. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $161.25. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 44.95 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.11). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. The company had revenue of $939.40 million during the quarter, compared to the consensus estimate of $933.90 million. During the same quarter in the prior year, the firm earned ($0.43) EPS. The business's revenue was up 3.8% compared to the same quarter last year. Analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current 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.