Allspring Global Investments Holdings LLC Has $31.56 Million Holdings in SiteOne Landscape Supply, Inc. $SITE

Allspring Global Investments Holdings LLC lifted its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 12.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 245,784 shares of the industrial products company’s stock after acquiring an additional 26,901 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in SiteOne Landscape Supply were worth $31,564,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 45.9% in the first quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock valued at $9,126,000 after purchasing an additional 23,657 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of SiteOne Landscape Supply by 36.6% during the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after buying an additional 107 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of SiteOne Landscape Supply by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock valued at $25,907,000 after buying an additional 11,574 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in SiteOne Landscape Supply by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company’s stock valued at $20,679,000 after buying an additional 16,378 shares during the period. Finally, Jane Street Group LLC purchased a new stake in SiteOne Landscape Supply in the 1st quarter worth about $6,797,000.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 562 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,267,762.84. This represents a 4.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $103.61 on Monday. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 1.40 and a beta of 1.34. The company’s fifty day moving average is $110.06 and its 200-day moving average is $128.81. The company has a quick ratio of 0.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.39. SiteOne Landscape Supply, Inc. has a 12 month low of $100.52 and a 12 month high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.27). SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The business had revenue of $940.10 million during the quarter, compared to analyst estimates of $982.27 million. During the same period in the previous year, the firm posted ($0.61) EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Equities analysts expect that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on SITE. Deutsche Bank Aktiengesellschaft raised 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. Zacks Research cut shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Robert W. Baird set a $160.00 price objective on shares of SiteOne Landscape Supply in a research note on Thursday, April 30th. KeyCorp assumed coverage on shares of SiteOne Landscape Supply in a report on Monday, July 13th. They set an “overweight” rating and a $145.00 price target on the stock. Finally, Barclays dropped their price target on shares of SiteOne Landscape Supply from $148.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $156.64.

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.