Premier Fund Managers Ltd Has $41.63 Million Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Premier Fund Managers Ltd cut its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 15.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 341,855 shares of the industrial products company’s stock after selling 63,883 shares during the period. SiteOne Landscape Supply accounts for about 1.6% of Premier Fund Managers Ltd’s investment portfolio, making the stock its 29th biggest holding. Premier Fund Managers Ltd’s holdings in SiteOne Landscape Supply were worth $41,631,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at approximately $40,676,000. BLI Banque de Luxembourg Investments acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at approximately $22,787,000. Wasatch Advisors LP lifted its position in shares of SiteOne Landscape Supply by 9.7% in the fourth quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company’s stock valued at $228,107,000 after buying an additional 153,447 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of SiteOne Landscape Supply by 6.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company’s stock valued at $210,570,000 after buying an additional 91,719 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of SiteOne Landscape Supply in the first quarter valued at approximately $9,695,000.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SITE shares. Stifel Nicolaus lowered their target price on SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating on the stock in a research note on Monday, April 28th. Wall Street Zen upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada lowered their target price on SiteOne Landscape Supply from $136.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 1st. Barclays lowered their target price on SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Loop Capital lowered their target price on SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $145.70.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, CEO Doug Black sold 29,760 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $129.28, for a total value of $3,847,372.80. Following the sale, the chief executive officer owned 596,684 shares of the company’s stock, valued at approximately $77,139,307.52. This trade represents a 4.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Joseph Ketter sold 39,640 shares of the firm’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $126.28, for a total value of $5,005,739.20. Following the completion of the sale, the executive vice president directly owned 13,663 shares in the company, valued at approximately $1,725,363.64. This represents a 74.37% decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock opened at $131.41 on Tuesday. The stock’s fifty day moving average price is $122.89 and its two-hundred day moving average price is $125.32. SiteOne Landscape Supply, Inc. has a one year low of $101.25 and a one year high of $160.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.36 and a quick ratio of 0.97. The firm has a market cap of $5.89 billion, a PE ratio of 52.35, a price-to-earnings-growth ratio of 2.40 and a beta of 1.55.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.11). SiteOne Landscape Supply had a return on equity of 7.31% and a net margin of 2.53%. The company had revenue of $939.40 million for the quarter, compared to the consensus estimate of $933.90 million. During the same quarter last year, the business earned ($0.43) EPS. SiteOne Landscape Supply’s revenue was up 3.8% on a year-over-year basis. As a group, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

SiteOne Landscape Supply Profile

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.