SiteOne Landscape Supply, Inc. $SITE Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,759 shares of the industrial products company’s stock after selling 8,501 shares during the quarter. BNP Paribas Financial Markets’ holdings in SiteOne Landscape Supply were worth $12,675,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SITE. True Wealth Design LLC raised its position in shares of SiteOne Landscape Supply by 541.9% during the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 168 shares during the last quarter. Rothschild Investment LLC boosted its holdings in SiteOne Landscape Supply by 1,521.4% in the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after buying an additional 213 shares during the last quarter. IFP Advisors Inc increased its stake in SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after buying an additional 158 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 107 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in shares of SiteOne Landscape Supply in the third quarter worth approximately $52,000.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Zacks Research raised SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, April 30th. Truist Financial increased their target price on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Robert W. Baird set a $160.00 price target on shares of SiteOne Landscape Supply in a research note on Thursday, April 30th. Finally, Barclays lowered their price target on shares of SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $160.10.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $105.24 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33. The stock’s fifty day moving average is $125.23 and its two-hundred day moving average is $133.26. The firm has a market capitalization of $4.66 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 1.37 and a beta of 1.35. SiteOne Landscape Supply, Inc. has a fifty-two week low of $100.52 and a fifty-two week high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The company had revenue of $940.10 million during the quarter, compared to analyst estimates of $982.27 million. During the same period last year, the business earned ($0.61) earnings per share. The firm’s revenue was up .1% compared to the same quarter last year. On average, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current year.

Insider Transactions at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 562 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $112.52, for a total transaction of $63,236.24. Following the completion of the sale, the director directly owned 11,267 shares in the company, valued at approximately $1,267,762.84. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

About SiteOne Landscape Supply

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.