Handelsbanken Fonder AB Purchases 22,400 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Handelsbanken Fonder AB raised its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,237 shares of the industrial products company's stock after buying an additional 22,400 shares during the period. Handelsbanken Fonder AB owned approximately 0.51% of SiteOne Landscape Supply worth $37,251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AE Wealth Management LLC boosted its stake in SiteOne Landscape Supply by 9.0% during the third quarter. AE Wealth Management LLC now owns 1,532 shares of the industrial products company's stock valued at $250,000 after buying an additional 127 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of SiteOne Landscape Supply by 11.6% in the 3rd quarter. SG Americas Securities LLC now owns 1,093 shares of the industrial products company's stock worth $179,000 after purchasing an additional 114 shares during the last quarter. Impact Partnership Wealth LLC bought a new stake in shares of SiteOne Landscape Supply in the 3rd quarter worth approximately $30,000. DAVENPORT & Co LLC lifted its stake in SiteOne Landscape Supply by 1.7% during the third quarter. DAVENPORT & Co LLC now owns 10,305 shares of the industrial products company's stock valued at $1,684,000 after purchasing an additional 172 shares during the last quarter. Finally, Oak Thistle LLC bought a new stake in SiteOne Landscape Supply during the third quarter worth approximately $263,000.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barclays increased their price objective on SiteOne Landscape Supply from $121.00 to $145.00 and gave the company an "underweight" rating in a research report on Thursday, February 15th. Truist Financial lifted their price target on SiteOne Landscape Supply from $170.00 to $204.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. Royal Bank of Canada boosted their price objective on SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a "sector perform" rating in a report on Thursday, February 15th. Loop Capital cut shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating in a report on Monday, January 8th. Finally, Robert W. Baird lifted their target price on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $172.88.

SiteOne Landscape Supply Stock Up 0.7 %

Shares of NYSE:SITE traded up $1.13 during trading on Monday, reaching $157.08. 235,724 shares of the company traded hands, compared to its average volume of 300,065. The firm has a fifty day simple moving average of $170.78 and a 200 day simple moving average of $156.71. The company has a quick ratio of 1.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply, Inc. has a 1-year low of $116.81 and a 1-year high of $188.01. The firm has a market cap of $7.10 billion, a P/E ratio of 41.25 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, February 14th. The industrial products company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.07. SiteOne Landscape Supply had a return on equity of 12.13% and a net margin of 4.03%. The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $942.21 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The business's quarterly revenue was up 8.4% compared to the same quarter last year. Analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.04 earnings per share for the current fiscal year.

Insider Activity at SiteOne Landscape Supply

In related news, CEO Doug Black sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total transaction of $1,763,500.00. Following the transaction, the chief executive officer now owns 574,657 shares of the company's stock, valued at $101,340,761.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total transaction of $1,763,500.00. Following the transaction, the chief executive officer now directly owns 574,657 shares of the company's stock, valued at $101,340,761.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John T. Guthrie sold 3,000 shares of the firm's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $180.00, for a total value of $540,000.00. Following the transaction, the chief financial officer now owns 15,467 shares in the company, valued at $2,784,060. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,000 shares of company stock valued at $3,924,500. 2.60% of the stock is owned by corporate insiders.

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.