Universal Beteiligungs und Servicegesellschaft mbH Makes New $9.70 Million Investment in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH made a new investment in SiteOne Landscape Supply, acquiring approximately 79,832 shares valued at $9.70 million, which represents a 0.18% stake in the company.
• Recent insider transactions include Joseph Ketter, EVP, selling 39,640 shares, marking a significant 74.37% reduction in his position, and Doug Black, CEO, selling 29,760 shares, a 4.75% decrease in his ownership.
• SiteOne Landscape Supply has seen analysts adjust their ratings, with one firm upgrading the stock to a "hold" while others have lowered price targets, reflecting mixed investor sentiment.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 79,832 shares of the industrial products company's stock, valued at approximately $9,695,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.18% of SiteOne Landscape Supply at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SITE. Teacher Retirement System of Texas acquired a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at $522,000. KLP Kapitalforvaltning AS acquired a new stake in shares of SiteOne Landscape Supply during the 4th quarter valued at $1,212,000. LPL Financial LLC boosted its holdings in shares of SiteOne Landscape Supply by 28.2% during the 4th quarter. LPL Financial LLC now owns 26,928 shares of the industrial products company's stock valued at $3,548,000 after acquiring an additional 5,930 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of SiteOne Landscape Supply by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock valued at $548,503,000 after acquiring an additional 49,256 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of SiteOne Landscape Supply by 137.2% during the 4th quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company's stock valued at $48,510,000 after acquiring an additional 212,907 shares in the last quarter.

Insider Transactions at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 39,640 shares of the business's 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 completion of the sale, the executive vice president directly owned 13,663 shares of the company's stock, valued at $1,725,363.64. The trade was a 74.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Doug Black sold 29,760 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $129.28, for a total value of $3,847,372.80. Following the completion of the sale, the chief executive officer directly owned 596,684 shares of the company's stock, valued at $77,139,307.52. The trade was a 4.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wall Street Zen raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Saturday. Barclays cut their price objective on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Loop Capital cut their price objective 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. Deutsche Bank Aktiengesellschaft assumed coverage on SiteOne Landscape Supply in a report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price objective on the stock. Finally, Royal Bank Of Canada cut their price objective on SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, SiteOne Landscape Supply has an average rating of "Hold" and a consensus target price of $145.70.

SiteOne Landscape Supply Stock Up 1.0%

Shares of SITE opened at $132.58 on Friday. The company has a market capitalization of $5.94 billion, a PE ratio of 52.82, a PEG ratio of 2.15 and a beta of 1.55. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.39. The stock's 50-day moving average price is $122.73 and its two-hundred day moving average price is $125.36. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $160.74.

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

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