SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. increased its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 149.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,810 shares of the industrial products company’s stock after buying an additional 7,080 shares during the period. Landscape Capital Management L.L.C.’s holdings in SiteOne Landscape Supply were worth $1,556,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Trexquant Investment LP increased its stake in SiteOne Landscape Supply by 89.7% in the 4th quarter. Trexquant Investment LP now owns 59,358 shares of the industrial products company’s stock worth $7,822,000 after purchasing an additional 28,062 shares in the last quarter. HighPoint Advisor Group LLC boosted its holdings in shares of SiteOne Landscape Supply by 4.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company’s stock worth $271,000 after buying an additional 78 shares during the period. B. Metzler seel. Sohn & Co. AG increased its position in shares of SiteOne Landscape Supply by 136.5% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 29,859 shares of the industrial products company’s stock worth $3,935,000 after acquiring an additional 17,231 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of SiteOne Landscape Supply by 14.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,776 shares of the industrial products company’s stock valued at $234,000 after acquiring an additional 219 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of SiteOne Landscape Supply by 3.6% in the 4th quarter. California Public Employees Retirement System now owns 66,512 shares of the industrial products company’s stock valued at $8,764,000 after acquiring an additional 2,306 shares in the last quarter.

SiteOne Landscape Supply Stock Down 2.8 %

Shares of SiteOne Landscape Supply stock opened at $111.25 on Friday. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 41.36 and a beta of 1.62. The stock has a 50-day simple moving average of $130.44 and a 200-day simple moving average of $138.86. SiteOne Landscape Supply, Inc. has a 52-week low of $106.24 and a 52-week high of $181.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday, March 16th. Stifel Nicolaus reiterated a “hold” rating and set a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. UBS Group dropped their price target 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. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price objective for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. Finally, Loop Capital lowered their target price on SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $151.10.

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.