Universal Beteiligungs und Servicegesellschaft mbH Purchases 1,087 Shares of SiteOne Landscape Supply, Inc. $SITE

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 1.4% during the 2nd quarter, Holdings Channel reports. The fund owned 80,919 shares of the industrial products company’s stock after acquiring an additional 1,087 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in SiteOne Landscape Supply were worth $9,786,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in SiteOne Landscape Supply by 61.2% in the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 90 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of SiteOne Landscape Supply in the first quarter valued at about $32,000. Eastern Bank acquired a new position in SiteOne Landscape Supply during the 1st quarter worth about $38,000. NewEdge Advisors LLC grew its holdings in SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 107 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in SiteOne Landscape Supply by 49.5% during the 2nd quarter. Parallel Advisors LLC now owns 562 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 186 shares during the last quarter.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Loop Capital raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price target for the company from $150.00 to $160.00 in a report on Friday, September 19th. Royal Bank Of Canada lifted their target price on SiteOne Landscape Supply from $143.00 to $151.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Wall Street Zen raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group lowered their price objective on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $152.10.

SiteOne Landscape Supply Price Performance

SITE stock opened at $125.01 on Friday. The stock has a 50-day moving average price of $126.92 and a two-hundred day moving average price of $128.45. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $160.74. The stock has a market cap of $5.57 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. The company has a current ratio of 2.49, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29.

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

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.