SiteOne Landscape Supply, Inc. $SITE Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.6% during the third quarter, HoldingsChannel.com reports. The fund owned 76,410 shares of the industrial products company’s stock after selling 4,509 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in SiteOne Landscape Supply were worth $9,842,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in SITE. Bamco Inc. NY raised its position in shares of SiteOne Landscape Supply by 14.2% during the 2nd 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 during the period. State Street Corp increased its position in SiteOne Landscape Supply by 1.7% in the second quarter. State Street Corp now owns 777,354 shares of the industrial products company’s stock worth $94,013,000 after buying an additional 12,766 shares during the period. Geneva Capital Management LLC boosted its holdings in shares of SiteOne Landscape Supply by 7.2% during the second quarter. Geneva Capital Management LLC now owns 760,186 shares of the industrial products company’s stock valued at $91,937,000 after acquiring an additional 50,915 shares during the period. Allianz Asset Management GmbH grew its position in shares of SiteOne Landscape Supply by 3.1% during the second quarter. Allianz Asset Management GmbH now owns 666,259 shares of the industrial products company’s stock worth $80,577,000 after acquiring an additional 20,055 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of 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 acquiring an additional 107,465 shares during the period.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $147.62 on Friday. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 47.93, a PEG ratio of 1.56 and a beta of 1.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.49 and a quick ratio of 1.14. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $154.00. The stock’s 50 day moving average price is $133.05 and its 200 day moving average price is $132.44.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company posted $0.97 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Zacks Research lowered shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Bank of America began coverage on SiteOne Landscape Supply in a research report on Thursday, December 18th. They set a “buy” rating and a $147.00 price objective for the company. Stifel Nicolaus lowered their target price on SiteOne Landscape Supply from $140.00 to $134.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday. Finally, William Blair reissued a “market perform” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 15th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.