14,350 Shares in SiteOne Landscape Supply, Inc. (NYSE:SITE) Acquired by Magnetar Financial LLC

Magnetar Financial LLC acquired a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,350 shares of the industrial products company’s stock, valued at approximately $1,891,000.

Several other institutional investors have also recently modified their holdings of SITE. Nomura Asset Management Co. Ltd. raised its position in shares of SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Trust Co. of Vermont raised its position in shares of SiteOne Landscape Supply by 657.9% during the 4th 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 during the last quarter. Tortoise Investment Management LLC raised its position in shares of 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 purchasing an additional 131 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of SiteOne Landscape Supply during the 3rd quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp raised its position in shares of SiteOne Landscape Supply by 11.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock worth $197,000 after purchasing an additional 156 shares during the last quarter.

SiteOne Landscape Supply Stock Down 0.5 %

Shares of NYSE SITE opened at $122.00 on Friday. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. The firm has a fifty day moving average of $134.49 and a 200-day moving average of $139.95. The stock has a market capitalization of $5.49 billion, a PE ratio of 45.35 and a beta of 1.69. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (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%. On average, analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Robert W. Baird cut their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Sunday, March 16th. Royal Bank of Canada lifted their target price on shares of 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. Finally, Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their target price for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus target price of $154.56.

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.