Universal Beteiligungs und Servicegesellschaft mbH Reduces Stock Holdings in SiteOne Landscape Supply, Inc. $SITE

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,410 shares of the industrial products company’s stock after selling 4,509 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.17% of SiteOne Landscape Supply worth $9,842,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SITE. Bamco Inc. NY lifted its position in shares of SiteOne Landscape Supply by 14.2% during the second quarter. Bamco Inc. NY now owns 1,941,817 shares of the industrial products company’s stock worth $234,843,000 after purchasing an additional 242,106 shares in the last quarter. State Street Corp grew its holdings in SiteOne Landscape Supply by 1.7% during the 2nd quarter. State Street Corp now owns 777,354 shares of the industrial products company’s stock valued at $94,013,000 after purchasing an additional 12,766 shares in the last quarter. Geneva Capital Management LLC increased its stake in SiteOne Landscape Supply by 7.2% during the 2nd quarter. Geneva Capital Management LLC now owns 760,186 shares of the industrial products company’s stock worth $91,937,000 after buying an additional 50,915 shares during the period. Allianz Asset Management GmbH lifted its holdings in SiteOne Landscape Supply by 3.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 666,259 shares of the industrial products company’s stock worth $80,577,000 after buying an additional 20,055 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in SiteOne Landscape Supply by 20.6% in the 2nd quarter. American Century Companies Inc. now owns 629,029 shares of the industrial products company’s stock worth $76,075,000 after buying an additional 107,465 shares in the last quarter.

SiteOne Landscape Supply Trading Down 0.6%

NYSE:SITE opened at $147.62 on Friday. The company has a market cap of $6.57 billion, a PE ratio of 47.93, a P/E/G ratio of 1.56 and a beta of 1.58. The business’s 50 day moving average is $133.05 and its two-hundred day moving average is $132.44. The company has a quick ratio of 1.14, a current ratio of 2.49 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $154.00.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.09. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company posted $0.97 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. On average, analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Barclays set a $134.00 target price on SiteOne Landscape Supply and gave the company an “equal weight” rating in a research note on Monday, December 8th. William Blair restated a “market perform” rating on shares of SiteOne Landscape Supply in a report on Wednesday, October 15th. Zacks Research lowered SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Stifel Nicolaus decreased their price target on shares of SiteOne Landscape Supply from $140.00 to $134.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Finally, Bank of America started coverage on shares of SiteOne Landscape Supply in a research note on Thursday, December 18th. They issued a “buy” rating and a $147.00 price target for the company. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $150.10.

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.