B. Metzler seel. Sohn & Co. AG Takes $3.34 Million Position in SiteOne Landscape Supply, Inc. $SITE

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 29,225 SiteOne shares in the second quarter, building a position valued at approximately $3.34 million, or about 0.07% of the company.
• SiteOne reported quarterly EPS of $3.14, below the $3.36 analyst consensus, while revenue rose 4.7% year over year to $1.53 billion.
• Analyst sentiment is mixed: several firms cut their price targets, and the stock carries a consensus “Hold” rating with an average target of $135.27, compared with a recent price of $96.01.

B. Metzler seel. Sohn & Co. AG acquired a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 29,225 shares of the industrial products company's stock, valued at approximately $3,344,000. B. Metzler seel. Sohn & Co. AG owned approximately 0.07% of SiteOne Landscape Supply as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Millennium Management LLC increased its stake in SiteOne Landscape Supply by 45.9% in the 1st quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company's stock worth $9,126,000 after purchasing an additional 23,657 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of SiteOne Landscape Supply by 36.6% in the first 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. Goldman Sachs Group Inc. boosted its holdings in shares of SiteOne Landscape Supply by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company's stock worth $25,907,000 after buying an additional 11,574 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of SiteOne Landscape Supply by 10.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company's stock worth $20,679,000 after acquiring an additional 16,378 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of SiteOne Landscape Supply in the first quarter worth approximately $6,797,000.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $96.01 on Friday. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 26.30, a P/E/G ratio of 1.39 and a beta of 1.35. SiteOne Landscape Supply, Inc. has a 1 year low of $90.07 and a 1 year high of $168.56. The company has a current ratio of 2.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $103.96 and a 200 day simple moving average of $121.69.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $3.14 EPS for the quarter, missing analysts' consensus estimates of $3.36 by ($0.22). The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.54 billion. SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.86 EPS. As a group, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 3.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SiteOne Landscape Supply news, CEO Doug Black acquired 8,000 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average price of $102.03 per share, with a total value of $816,240.00. Following the completion of the transaction, the chief executive officer owned 8,000 shares in the company, valued at $816,240. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Fred M. Diaz sold 563 shares of SiteOne Landscape Supply stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total transaction of $64,818.19. Following the completion of the sale, the director owned 11,829 shares of the company's stock, valued at $1,361,872.77. This trade represents a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on SITE. Stifel Nicolaus reissued a "hold" rating and set a $100.00 target price (down from $153.00) on shares of SiteOne Landscape Supply in a research note on Thursday, July 30th. Royal Bank Of Canada lowered their price target on SiteOne Landscape Supply from $171.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday, July 30th. Weiss Ratings lowered SiteOne Landscape Supply from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, August 17th. Zacks Research lowered SiteOne Landscape Supply from a "hold" rating to a "strong sell" rating in a research report on Monday, June 22nd. Finally, UBS Group decreased their price objective on SiteOne Landscape Supply from $140.00 to $110.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $135.27.

SiteOne Landscape Supply 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.

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