B. Metzler seel. Sohn & Co. AG Grows Position in SiteOne Landscape Supply, Inc. $SITE

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in SiteOne Landscape Supply by 9.0%, owning approximately $3.95 million worth of shares at the end of the first quarter.
• Insider transactions included CEO Doug Black selling 29,760 shares for $3.85 million, while EVP Joseph Ketter sold 39,640 shares valued at around $5.01 million.
• Analysts have varied opinions on SiteOne's stock, with ratings including four buy, five hold, and one sell, resulting in a consensus rating of "Hold" with an average price target of $147.00.

B. Metzler seel. Sohn & Co. AG lifted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 9.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,549 shares of the industrial products company's stock after acquiring an additional 2,690 shares during the period. B. Metzler seel. Sohn & Co. AG owned 0.07% of SiteOne Landscape Supply worth $3,953,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in SiteOne Landscape Supply by 12.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,079,615 shares of the industrial products company's stock valued at $738,309,000 after purchasing an additional 660,081 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of SiteOne Landscape Supply by 31.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,092,742 shares of the industrial products company's stock valued at $254,143,000 after buying an additional 494,737 shares during the period. Bamco Inc. NY increased its position in SiteOne Landscape Supply by 4.6% in the 4th quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company's stock valued at $217,786,000 after buying an additional 72,430 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in SiteOne Landscape Supply by 1.4% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,183,574 shares of the industrial products company's stock worth $143,733,000 after buying an additional 16,120 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in SiteOne Landscape Supply by 21.3% in the first quarter. Ameriprise Financial Inc. now owns 773,358 shares of the industrial products company's stock worth $93,913,000 after acquiring an additional 135,949 shares in the last quarter.

Analyst Ratings Changes

SITE has been the subject of several recent research reports. Royal Bank Of Canada boosted their price objective on SiteOne Landscape Supply from $130.00 to $143.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Wall Street Zen upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, SiteOne Landscape Supply presently has a consensus rating of "Hold" and an average target price of $147.00.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black sold 7,384 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $132.09, for a total transaction of $975,352.56. Following the sale, the chief executive officer directly owned 600,446 shares of the company's stock, valued at $79,312,912.14. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph Ketter sold 39,640 shares of SiteOne Landscape Supply stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $126.28, for a total transaction of $5,005,739.20. Following the completion of the transaction, the executive vice president owned 13,663 shares of the company's stock, valued at $1,725,363.64. The trade was a 74.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,784 shares of company stock worth $9,828,465 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock traded down $1.52 during trading on Monday, hitting $143.44. The stock had a trading volume of 326,072 shares, compared to its average volume of 518,380. The stock's 50 day moving average is $132.69 and its two-hundred day moving average is $125.21. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $160.74. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 52.35, a price-to-earnings-growth ratio of 2.39 and a beta of 1.60. The company has a quick ratio of 1.06, a current ratio of 2.41 and a debt-to-equity ratio of 0.35.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($0.03). SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm earned $2.63 earnings per share. The business's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, 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.