Skandinaviska Enskilda Banken AB publ Has $21.69 Million Stock Holdings in SiteOne Landscape Supply, Inc. $SITE

Skandinaviska Enskilda Banken AB publ lowered its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 19.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 179,300 shares of the industrial products company’s stock after selling 44,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in SiteOne Landscape Supply were worth $21,685,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in SiteOne Landscape Supply by 12.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,079,615 shares of the industrial products company’s stock valued at $738,309,000 after buying an additional 660,081 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of SiteOne Landscape Supply by 31.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,092,742 shares of the industrial products company’s stock valued at $254,143,000 after acquiring an additional 494,737 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of SiteOne Landscape Supply by 21.3% during the first quarter. Ameriprise Financial Inc. now owns 773,358 shares of the industrial products company’s stock valued at $93,913,000 after acquiring an additional 135,949 shares during the last quarter. Geneva Capital Management LLC lifted 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 worth $91,937,000 after purchasing an additional 50,915 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in SiteOne Landscape Supply by 3.1% in the second quarter. Allianz Asset Management GmbH now owns 666,259 shares of the industrial products company’s stock valued at $80,577,000 after purchasing an additional 20,055 shares during the period.

SiteOne Landscape Supply Trading Down 1.0%

NYSE SITE opened at $134.28 on Friday. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $156.93. The company has a current ratio of 2.49, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $5.98 billion, a P/E ratio of 43.60, a PEG ratio of 2.20 and a beta of 1.60. The business has a fifty day simple moving average of $126.41 and a 200 day simple moving average of $128.97.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on SITE. Stifel Nicolaus set a $140.00 price target on SiteOne Landscape Supply in a research report on Monday, November 17th. Royal Bank Of Canada lifted their price objective on SiteOne Landscape Supply from $143.00 to $151.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. William Blair reaffirmed a “market perform” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 15th. Barclays raised their target price on SiteOne Landscape Supply from $106.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 30th. Finally, Loop Capital upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price objective for the company from $150.00 to $160.00 in a report on Friday, September 19th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, SiteOne Landscape Supply currently has an average rating of “Hold” and an average price target of $152.10.

SiteOne Landscape Supply Company 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.