Swiss National Bank Lowers Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Swiss National Bank decreased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,700 shares of the industrial products company's stock after selling 10,100 shares during the period. Swiss National Bank owned 0.20% of SiteOne Landscape Supply worth $14,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC purchased a new position in shares of SiteOne Landscape Supply during the third quarter valued at approximately $26,000. Operose Advisors LLC purchased a new stake in SiteOne Landscape Supply in the third quarter worth $28,000. GAMMA Investing LLC bought a new stake in shares of SiteOne Landscape Supply during the fourth quarter worth $38,000. iA Global Asset Management Inc. bought a new position in shares of SiteOne Landscape Supply in the third quarter worth about $105,000. Finally, Signaturefd LLC increased its stake in SiteOne Landscape Supply by 127.4% in the 3rd quarter. Signaturefd LLC now owns 723 shares of the industrial products company's stock worth $118,000 after buying an additional 405 shares during the period.

Analysts Set New Price Targets

SITE has been the subject of several research analyst reports. Truist Financial decreased their price target on shares of SiteOne Landscape Supply from $204.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, May 2nd. Robert W. Baird lifted their price objective on SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Royal Bank of Canada raised their target price on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the company a "sector perform" rating in a research report on Thursday, February 15th. Stifel Nicolaus raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and cut their price objective for the company from $167.00 to $165.00 in a report on Thursday, May 2nd. Finally, Barclays dropped their target price on SiteOne Landscape Supply from $145.00 to $133.00 and set an "underweight" rating on the stock in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, SiteOne Landscape Supply currently has a consensus rating of "Hold" and an average target price of $167.50.

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $180.00, for a total transaction of $540,000.00. Following the completion of the transaction, the chief financial officer now directly owns 15,467 shares of the company's stock, valued at approximately $2,784,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO John T. Guthrie sold 3,000 shares of the company's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $180.00, for a total value of $540,000.00. Following the sale, the chief financial officer now owns 15,467 shares in the company, valued at $2,784,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock worth $3,924,500 over the last quarter. Insiders own 2.70% of the company's stock.

SiteOne Landscape Supply Stock Performance

NYSE:SITE traded down $0.70 during trading hours on Friday, hitting $156.49. 375,467 shares of the company were exchanged, compared to its average volume of 351,999. The company's 50 day moving average price is $168.33 and its 200-day moving average price is $157.36. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 45.36 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a 52-week low of $116.81 and a 52-week high of $188.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.36 and a quick ratio of 0.96.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.22). The firm had revenue of $904.80 million during the quarter, compared to analysts' expectations of $864.01 million. SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The business's revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) EPS. As a group, research analysts forecast that SiteOne Landscape Supply, Inc. will post 4.02 earnings per share for the current year.

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.