DF Dent & Co. Inc. Sells 76,354 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

DF Dent & Co. Inc. lessened its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 671,549 shares of the industrial products company’s stock after selling 76,354 shares during the quarter. DF Dent & Co. Inc.’s holdings in SiteOne Landscape Supply were worth $88,490,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SITE. Tidal Investments LLC lifted its position in SiteOne Landscape Supply by 1.5% during the 3rd quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock worth $780,000 after buying an additional 77 shares in the last quarter. Arizona State Retirement System raised its holdings in SiteOne Landscape Supply by 0.6% during the fourth quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company’s stock worth $1,726,000 after acquiring an additional 77 shares in the last quarter. HighPoint Advisor Group LLC raised its holdings in SiteOne Landscape Supply by 4.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 78 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in SiteOne Landscape Supply by 90.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its stake in SiteOne Landscape Supply by 2.3% in the third quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company’s stock valued at $797,000 after purchasing an additional 119 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SITE. Royal Bank of Canada upped their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. UBS Group dropped their price target on shares of 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 price objective (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Sunday, March 16th. Finally, Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $175.00 in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $152.60.

SiteOne Landscape Supply Trading Up 1.9 %

Shares of NYSE:SITE opened at $122.43 on Thursday. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $181.81. The business has a 50 day moving average of $131.80 and a 200-day moving average of $139.24. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The stock has a market cap of $5.51 billion, a PE ratio of 45.51 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) earnings per share 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%. As a group, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

SiteOne Landscape Supply 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.