KBC Group NV Acquires 224 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

KBC Group NV lifted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 19.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,361 shares of the industrial products company’s stock after purchasing an additional 224 shares during the period. KBC Group NV’s holdings in SiteOne Landscape Supply were worth $205,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SITE. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of SiteOne Landscape Supply in the 2nd quarter valued at $27,000. Toronto Dominion Bank acquired a new stake in SiteOne Landscape Supply in the first quarter worth about $29,000. Blue Trust Inc. raised its holdings in SiteOne Landscape Supply by 287.7% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 187 shares during the last quarter. American National Bank & Trust acquired a new position in SiteOne Landscape Supply during the 3rd quarter valued at about $49,000. Finally, Quarry LP bought a new position in shares of SiteOne Landscape Supply in the 2nd quarter valued at about $61,000.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SITE shares. The Goldman Sachs Group initiated coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They set a “neutral” rating and a $158.00 price objective on the stock. Stifel Nicolaus lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a report on Thursday, August 1st. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Barclays increased their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research report on Thursday, October 31st. Finally, Truist Financial boosted their price target on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and an average price target of $147.80.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $139.54 on Thursday. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $188.01. The company has a market cap of $6.30 billion, a PE ratio of 44.83 and a beta of 1.53. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $145.35 and a 200-day moving average price of $140.66.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.21). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 EPS. As a group, equities analysts forecast that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current fiscal year.

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.