SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. decreased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 70.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218 shares of the industrial products company’s stock after selling 514 shares during the quarter. Bessemer Group Inc.’s holdings in SiteOne Landscape Supply were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Trust Co. of Vermont lifted its position in shares of SiteOne Landscape Supply by 657.9% during the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 250 shares in the last quarter. Tortoise Investment Management LLC increased its stake in SiteOne Landscape Supply by 78.9% during the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after buying an additional 131 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in SiteOne Landscape Supply in the 4th quarter worth $40,000. Brown Brothers Harriman & Co. boosted its position in SiteOne Landscape Supply by 395.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company’s stock valued at $45,000 after buying an additional 273 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of SiteOne Landscape Supply during the third quarter worth about $71,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SITE shares. Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a research note on Tuesday, April 1st. They set a “hold” rating and a $135.00 price objective for the company. Loop Capital decreased their price objective on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating for the company in a report on Friday, April 4th. UBS Group cut their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus restated a “hold” rating and set a $140.00 price objective (down previously from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Finally, Royal Bank of Canada lifted their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $149.70.

SiteOne Landscape Supply Price Performance

Shares of SITE opened at $112.07 on Friday. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $166.34. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The stock has a fifty day moving average price of $123.76 and a 200 day moving average price of $135.75. The company has a market cap of $5.04 billion, a P/E ratio of 41.66 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. On average, research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current 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.