Swiss National Bank Acquires 500 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Swiss National Bank increased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 88,800 shares of the industrial products company’s stock after purchasing an additional 500 shares during the quarter. Swiss National Bank’s holdings in SiteOne Landscape Supply were worth $11,701,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Tortoise Investment Management LLC increased its position in shares of SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 131 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of SiteOne Landscape Supply by 7.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,072 shares of the industrial products company’s stock worth $1,591,000 after purchasing an additional 865 shares in the last quarter. Callan Family Office LLC acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter worth $276,000. Geneva Capital Management LLC increased its position in shares of SiteOne Landscape Supply by 13.9% during the fourth quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company’s stock worth $93,938,000 after purchasing an additional 86,793 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter worth $40,676,000.

SiteOne Landscape Supply Price Performance

NYSE:SITE opened at $122.00 on Friday. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 45.35 and a beta of 1.69. The firm’s fifty day moving average is $134.49 and its two-hundred day moving average is $139.95.

SiteOne Landscape Supply (NYSE:SITE) last posted 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 net margin of 2.72% and a return on equity of 7.93%. Research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SITE shares. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday, March 16th. Robert W. Baird cut their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. UBS Group cut their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus reissued a “hold” rating and issued a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Finally, Royal Bank of Canada upped their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $154.56.

About SiteOne Landscape Supply

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.