SiteOne Landscape Supply, Inc. (NYSE:SITE) Position Boosted by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 8.5% in the fourth quarter, HoldingsChannel reports. The fund owned 220,499 shares of the industrial products company’s stock after buying an additional 17,358 shares during the period. Sei Investments Co.’s holdings in SiteOne Landscape Supply were worth $29,055,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of SITE. Nomura Asset Management Co. Ltd. raised its stake in shares of 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 in the last quarter. Trust Co. of Vermont increased its stake in 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 valued at $38,000 after buying an additional 250 shares during the period. 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 buying an additional 131 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of SiteOne Landscape Supply in the 3rd quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of SiteOne Landscape Supply by 11.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock valued at $197,000 after acquiring an additional 156 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SITE. Robert W. Baird dropped their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. UBS Group decreased their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $140.00 price target (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Finally, Royal Bank of Canada raised their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $154.56.

SiteOne Landscape Supply Price Performance

NYSE SITE opened at $127.82 on Wednesday. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $183.86. The company has a market cap of $5.75 billion, a PE ratio of 47.52 and a beta of 1.69. The stock’s 50-day moving average price is $134.14 and its two-hundred day moving average price is $139.78.

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 (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, analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

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.