SiteOne Landscape Supply, Inc. $SITE Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs reduced its stake in SiteOne by 10.9% in Q4, selling 8,349 shares and ending the period with 68,061 shares (about 0.15% of the company) valued at roughly $8.5 million.
• Several large investors added or expanded positions recently—59 North Capital bought a new ~$214 million stake, Cartenna and Amundi opened ~$64M and ~$60M stakes respectively, while AQR and Balyasny dramatically increased holdings to 441,192 and 351,041 shares.
• Analysts show mixed views with a consensus rating of "Hold" and an average price target of $162.22, though recent targets range from Barclays' $150 (equal weight) to Truist's $200 (buy) and Bank of America's $167 (buy).

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,061 shares of the industrial products company's stock after selling 8,349 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.15% of SiteOne Landscape Supply worth $8,497,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. 59 North Capital Management LP purchased a new stake in SiteOne Landscape Supply during the 3rd quarter worth $214,417,000. Cartenna Capital LP purchased a new position in SiteOne Landscape Supply in the 3rd quarter worth approximately $63,756,000. Amundi acquired a new stake in SiteOne Landscape Supply in the third quarter valued at approximately $59,763,000. AQR Capital Management LLC lifted its position in shares of SiteOne Landscape Supply by 743.5% during the second quarter. AQR Capital Management LLC now owns 441,192 shares of the industrial products company's stock worth $52,440,000 after purchasing an additional 388,890 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in SiteOne Landscape Supply by 791.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 351,041 shares of the industrial products company's stock worth $45,214,000 after buying an additional 311,641 shares during the period.

Analyst Ratings Changes

A number of equities analysts have issued reports on SITE shares. Barclays upped their target price on SiteOne Landscape Supply from $134.00 to $150.00 and gave the company an "equal weight" rating in a research report on Thursday, February 12th. Stifel Nicolaus set a $144.00 target price on shares of SiteOne Landscape Supply in a report on Monday, February 9th. Truist Financial lifted their target price on SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, February 11th. Weiss Ratings restated a "hold (c-)" rating on shares of SiteOne Landscape Supply in a research report on Wednesday, January 21st. Finally, Bank of America decreased their price target on SiteOne Landscape Supply from $182.00 to $167.00 and set a "buy" rating for the company in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of "Hold" and an average price target of $162.22.

SiteOne Landscape Supply Stock Performance

SITE opened at $145.10 on Monday. The business has a 50 day moving average price of $137.82 and a two-hundred day moving average price of $134.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.47 and a quick ratio of 1.20. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 43.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.57. SiteOne Landscape Supply, Inc. has a 1-year low of $108.11 and a 1-year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.09. SiteOne Landscape Supply had a return on equity of 9.28% and a net margin of 3.23%.The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same period last year, the firm earned ($0.48) EPS. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. Research analysts predict that SiteOne Landscape Supply, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Eric J. Elema sold 1,765 shares of SiteOne Landscape Supply stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $158.01, for a total transaction of $278,887.65. Following the transaction, the executive vice president directly owned 2,911 shares of the company's stock, valued at $459,967.11. The trade was a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by corporate insiders.

SiteOne Landscape Supply Company 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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