KBC Group NV Purchases 6,840 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

KBC Group NV grew its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 351.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,787 shares of the industrial products company's stock after buying 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 SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of SiteOne Landscape Supply by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock worth $548,503,000 after purchasing an additional 49,256 shares during the last quarter. Wasatch Advisors LP raised its stake in SiteOne Landscape Supply by 9.7% during the 4th quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company's stock valued at $228,107,000 after acquiring an additional 153,447 shares in the last quarter. Bamco Inc. NY raised its stake in SiteOne Landscape Supply by 4.6% during 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 acquiring an additional 72,430 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in SiteOne Landscape Supply by 6.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company's stock valued at $210,570,000 after acquiring an additional 91,719 shares in the last quarter. Finally, 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 valued at $143,733,000 after acquiring an additional 16,120 shares in the last quarter.

SiteOne Landscape Supply Stock Down 2.5%

Shares of NYSE:SITE traded down $3.19 on Monday, reaching $126.55. The company had a trading volume of 539,385 shares, compared to its average volume of 430,683. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $160.75. The stock has a 50-day moving average price of $120.85 and a 200 day moving average price of $125.71. The stock has a market capitalization of $5.67 billion, a P/E ratio of 50.42, a P/E/G ratio of 2.13 and a beta of 1.55. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.39.

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) earnings per share for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). The company had revenue of $939.40 million during the quarter, compared to analyst estimates of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.31% and a net margin of 2.53%. SiteOne Landscape Supply's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.43) EPS. On average, equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Wall Street Analysts Forecast Growth

SITE has been the topic of several research analyst reports. Wall Street Zen upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Stifel Nicolaus lowered their price target on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Truist Financial decreased their target price on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on SiteOne Landscape Supply in a report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 target price on the stock. Finally, Loop Capital decreased their target price on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, SiteOne Landscape Supply currently has an average rating of "Hold" and a consensus price target of $145.70.

Insider Activity at SiteOne Landscape Supply

In other news, 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 value of $5,005,739.20. Following the transaction, the executive vice president directly owned 13,663 shares in the company, valued at approximately $1,725,363.64. The trade was a 74.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company's stock.

SiteOne Landscape Supply Company 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.