B. Metzler seel. Sohn & Co. AG Purchases 2,690 Shares of 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 grew its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,549 shares of the industrial products company's stock after buying 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 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in shares of SiteOne Landscape Supply by 12.2% during 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 buying an additional 660,081 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of SiteOne Landscape Supply by 31.0% during the first 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 stake in shares of SiteOne Landscape Supply by 4.6% during the fourth 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 during the period. Conestoga Capital Advisors LLC increased its stake in shares of SiteOne Landscape Supply by 1.4% during the first quarter. Conestoga Capital Advisors LLC now owns 1,183,574 shares of the industrial products company's stock valued at $143,733,000 after buying an additional 16,120 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of SiteOne Landscape Supply by 21.3% during the first quarter. Ameriprise Financial Inc. now owns 773,358 shares of the industrial products company's stock valued at $93,913,000 after buying an additional 135,949 shares during the period.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, CEO Doug Black sold 7,384 shares of the stock in a transaction on Friday, July 25th. The stock was 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 trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph Ketter sold 39,640 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $126.28, for a total value of $5,005,739.20. Following the sale, the executive vice president directly owned 13,663 shares in the company, valued at $1,725,363.64. This trade represents a 74.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,784 shares of company stock worth $9,828,465 over the last ninety days. 2.60% of the stock is currently owned by insiders.

SiteOne Landscape Supply Stock Up 0.4%

SiteOne Landscape Supply stock traded up $0.58 during mid-day trading on Wednesday, hitting $142.45. The company had a trading volume of 116,622 shares, compared to its average volume of 513,194. The company has a current ratio of 2.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.35. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $160.74. The company has a market capitalization of $6.35 billion, a PE ratio of 51.97, a price-to-earnings-growth ratio of 2.39 and a beta of 1.60. The stock's 50 day moving average price is $133.55 and its two-hundred day moving average price is $125.31.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.86 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 business had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same period last year, the business earned $2.63 earnings per share. The company's quarterly revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SITE has been the topic of several research analyst reports. Royal Bank Of Canada boosted their target price on SiteOne Landscape Supply from $130.00 to $143.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Wall Street Zen raised 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 assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $147.00.

About SiteOne Landscape Supply

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.