Handelsbanken Fonder AB Has $22.24 Million Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Handelsbanken Fonder AB lessened its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 183,137 shares of the industrial products company's stock after selling 30,000 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.41% of SiteOne Landscape Supply worth $22,240,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Arizona State Retirement System boosted its holdings in shares of SiteOne Landscape Supply by 0.6% in the 4th quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company's stock valued at $1,726,000 after buying an additional 77 shares during the last quarter. HighPoint Advisor Group LLC lifted its holdings in SiteOne Landscape Supply by 4.0% during the 4th quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company's stock valued at $271,000 after purchasing an additional 78 shares during the last quarter. State of Wyoming lifted its holdings in SiteOne Landscape Supply by 6.2% during the 4th quarter. State of Wyoming now owns 1,389 shares of the industrial products company's stock valued at $183,000 after purchasing an additional 81 shares during the last quarter. GAMMA Investing LLC lifted its holdings in SiteOne Landscape Supply by 24.3% during the 1st quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 95 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in SiteOne Landscape Supply by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 19,611 shares of the industrial products company's stock valued at $2,584,000 after purchasing an additional 130 shares during the last quarter.

Analyst Ratings Changes

SITE has been the subject of several research reports. Loop Capital cut their price target on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a report on Friday, April 4th. Barclays cut their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Truist Financial cut their price target on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Royal Bank of Canada lowered their price objective on SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $145.70.

SiteOne Landscape Supply Trading Down 3.8%

Shares of SITE stock traded down $4.70 during mid-day trading on Friday, reaching $118.58. 286,747 shares of the stock traded hands, compared to its average volume of 429,302. The stock's fifty day simple moving average is $117.90 and its two-hundred day simple moving average is $128.61. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $160.75. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 44.08 and a beta of 1.56. 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 (NYSE:SITE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $939.40 million for the quarter, compared to analyst estimates of $933.90 million. During the same period in the previous year, the business posted ($0.43) earnings per share. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal 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.