KBC Group NV Has $1.07 Million Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

KBC Group NV boosted its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 351.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,787 shares of the industrial products company's stock after acquiring an additional 6,840 shares during the period. KBC Group NV's holdings in SiteOne Landscape Supply were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SITE. Golden State Wealth Management LLC increased its holdings in shares of SiteOne Landscape Supply by 106.1% in the first quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 139 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in shares of SiteOne Landscape Supply by 78.9% during the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock worth $39,000 after buying an additional 131 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of SiteOne Landscape Supply during the 4th quarter worth about $40,000. Brown Brothers Harriman & Co. grew its stake in SiteOne Landscape Supply by 395.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock valued at $45,000 after buying an additional 273 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in SiteOne Landscape Supply by 24.3% in the 1st quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company's stock valued at $59,000 after buying an additional 95 shares during the last quarter.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE traded up $0.75 during mid-day trading on Friday, reaching $129.74. The company had a trading volume of 415,121 shares, compared to its average volume of 430,851. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 51.69, a PEG ratio of 2.12 and a beta of 1.55. The business's 50-day simple moving average is $120.33 and its 200 day simple moving average is $125.96. SiteOne Landscape Supply, Inc. has a one year low of $101.25 and a one year high of $160.75. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.97 and a current ratio of 2.36.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.11). SiteOne Landscape Supply had a net margin of 2.53% and a return on equity of 7.31%. The firm had revenue of $939.40 million during the quarter, compared to the consensus estimate of $933.90 million. During the same period in the prior year, the business earned ($0.43) earnings per share. SiteOne Landscape Supply's quarterly revenue was up 3.8% compared to the same quarter last year. On average, research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 39,640 shares of the company's stock in a transaction on 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 sale, the executive vice president directly owned 13,663 shares in the company, valued at $1,725,363.64. This represents a 74.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Truist Financial cut their price objective on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Royal Bank Of Canada dropped their price target on 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. Stifel Nicolaus reduced their price target on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Wall Street Zen upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on SiteOne Landscape Supply in a report on Tuesday, April 1st. They set a "hold" rating and a $135.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, SiteOne Landscape Supply has a consensus rating of "Hold" and an average target price of $145.70.

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.