SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Acquired by Xponance Inc.

Xponance Inc. increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,470 shares of the industrial products company’s stock after acquiring an additional 327 shares during the period. Xponance Inc.’s holdings in SiteOne Landscape Supply were worth $457,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SITE. Raymond James Financial Inc. purchased a new stake in shares of SiteOne Landscape Supply during the fourth quarter worth $40,676,000. Skandinaviska Enskilda Banken AB publ increased its holdings in SiteOne Landscape Supply by 320.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 226,300 shares of the industrial products company’s stock worth $29,713,000 after purchasing an additional 172,500 shares during the period. Wasatch Advisors LP raised its position in SiteOne Landscape Supply by 11.4% in the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock valued at $238,083,000 after purchasing an additional 161,846 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of SiteOne Landscape Supply by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock valued at $238,489,000 after buying an additional 129,252 shares during the period. Finally, WCM Investment Management LLC grew its position in shares of SiteOne Landscape Supply by 593.6% during the fourth quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company’s stock worth $17,242,000 after buying an additional 112,385 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Robert W. Baird decreased their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Royal Bank of Canada lifted their price objective on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating 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 target for the company from $145.00 to $175.00 in a research note on Friday, December 6th. UBS Group decreased their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday, March 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $154.56.

SiteOne Landscape Supply Stock Down 0.4 %

Shares of NYSE SITE opened at $126.93 on Thursday. The business has a 50-day moving average price of $133.92 and a 200 day moving average price of $139.69. The stock has a market cap of $5.71 billion, a PE ratio of 47.18 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, Inc. has a 52-week low of $114.60 and a 52-week high of $183.86.

SiteOne Landscape Supply (NYSE:SITE) last announced 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 return on equity of 7.93% and a net margin of 2.72%. Equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

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.