Swiss National Bank Acquires 4,900 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Swiss National Bank boosted its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,800 shares of the industrial products company’s stock after purchasing an additional 4,900 shares during the period. Swiss National Bank owned about 0.23% of SiteOne Landscape Supply worth $15,831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SITE. Capstone Triton Financial Group LLC bought a new position in SiteOne Landscape Supply in the fourth quarter valued at $25,000. Point72 Hong Kong Ltd lifted its stake in SiteOne Landscape Supply by 311.1% in the third quarter. Point72 Hong Kong Ltd now owns 814 shares of the industrial products company’s stock valued at $99,000 after acquiring an additional 616 shares during the last quarter. Graves Light Private Wealth Management Inc. acquired a new stake in SiteOne Landscape Supply in the fourth quarter valued at $137,000. Nisa Investment Advisors LLC lifted its stake in SiteOne Landscape Supply by 253.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,325 shares of the industrial products company’s stock valued at $162,000 after acquiring an additional 950 shares during the last quarter. Finally, Institute for Wealth Management LLC. acquired a new stake in SiteOne Landscape Supply in the fourth quarter valued at $200,000.

NYSE:SITE opened at $157.55 on Tuesday. SiteOne Landscape Supply, Inc. has a 52 week low of $53.29 and a 52 week high of $179.04. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 61.78 and a beta of 1.23. The firm’s 50-day simple moving average is $165.39 and its 200 day simple moving average is $140.09. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.58 and a current ratio of 2.75.

In related news, CEO Doug Black sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, January 13th. The shares were sold at an average price of $170.91, for a total transaction of $2,563,650.00. Following the transaction, the chief executive officer now directly owns 367,065 shares of the company’s stock, valued at $62,735,079.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.49% of the stock is currently owned by company insiders.

A number of analysts have commented on SITE shares. Jefferies Financial Group increased their price target on shares of SiteOne Landscape Supply from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, January 15th. Zacks Investment Research cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Thursday, February 18th. Robert W. Baird increased their price target on shares of SiteOne Landscape Supply from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. Finally, Barclays raised their target price on shares of SiteOne Landscape Supply from $123.00 to $134.00 and gave the stock an “equal weight” rating in a research note on Friday, December 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $130.38.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 120,000 stock keeping units, including irrigation supplies, which consists controllers, valves, sprinkler heads, and irrigation and drainage pipes; fertilizers, grass seed, and ice melt products; control products, which include herbicides, fungicides, rodenticides, and other pesticides; landscape accessories, which comprise mulches, soil amendments, tools, and sod; nursery goods, which consist of deciduous shrubs, evergreen shrubs and trees, ornamental trees, shade trees, both field grown and container-grown nursery stock, and plant species; and outdoor lighting products, which include accent lights, dark lights, path lights, up lights, down lights, wall lights, and pool and aquatic area lighting, as well as hardscapes, such as pavers, natural stones, blocks, and other durable materials.

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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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