American Century Companies Inc. Has $49.43 Million Stake in SiteOne Landscape Supply, Inc. $SITE

American Century Companies Inc. decreased its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 39.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 383,731 shares of the industrial products company’s stock after selling 245,298 shares during the quarter. American Century Companies Inc.’s holdings in SiteOne Landscape Supply were worth $49,425,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SITE. Handelsbanken Fonder AB increased its stake in SiteOne Landscape Supply by 32.9% during the third quarter. Handelsbanken Fonder AB now owns 242,437 shares of the industrial products company’s stock valued at $31,226,000 after acquiring an additional 60,000 shares during the period. Artisan Partners Limited Partnership grew its holdings in shares of SiteOne Landscape Supply by 20.1% during the 3rd quarter. Artisan Partners Limited Partnership now owns 538,556 shares of the industrial products company’s stock worth $69,366,000 after purchasing an additional 90,205 shares in the last quarter. US Bancorp DE increased its position in shares of SiteOne Landscape Supply by 22.5% during the third quarter. US Bancorp DE now owns 5,878 shares of the industrial products company’s stock valued at $757,000 after purchasing an additional 1,079 shares during the period. Vestmark Advisory Solutions Inc. raised its stake in shares of SiteOne Landscape Supply by 3.7% in the third quarter. Vestmark Advisory Solutions Inc. now owns 23,544 shares of the industrial products company’s stock valued at $3,032,000 after purchasing an additional 845 shares in the last quarter. Finally, Tredje AP fonden lifted its position in SiteOne Landscape Supply by 34.8% in the third quarter. Tredje AP fonden now owns 10,619 shares of the industrial products company’s stock worth $1,368,000 after purchasing an additional 2,742 shares during the period.

Insider Activity

In other news, EVP Eric J. Elema sold 1,765 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $158.01, for a total transaction of $278,887.65. Following the sale, the executive vice president directly owned 2,911 shares of the company’s stock, valued at $459,967.11. This represents a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply Stock Performance

Shares of NYSE:SITE opened at $135.31 on Friday. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $168.56. The firm has a market cap of $6.02 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 1.80 and a beta of 1.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.20 and a current ratio of 2.47. The business has a fifty day moving average of $143.50 and a 200-day moving average of $135.48.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.09. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.28%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company earned ($0.48) EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SITE. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, January 21st. Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Bank of America started coverage on SiteOne Landscape Supply in a report on Thursday, December 18th. They set a “buy” rating and a $147.00 price objective on the stock. Royal Bank Of Canada upped their price objective on SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Robert W. Baird set a $190.00 target price on SiteOne Landscape Supply in a research report on Thursday, February 12th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply presently has a consensus rating of “Hold” and a consensus target price of $159.44.

SiteOne Landscape Supply 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.