Proficio Capital Partners LLC Acquires New Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Proficio Capital Partners LLC purchased a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,441 shares of the industrial products company's stock, valued at approximately $1,771,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its stake in shares of SiteOne Landscape Supply by 71.2% during the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company's stock worth $7,304,000 after acquiring an additional 20,134 shares during the period. Holocene Advisors LP grew its stake in shares of SiteOne Landscape Supply by 38.2% during the 3rd quarter. Holocene Advisors LP now owns 51,625 shares of the industrial products company's stock worth $7,791,000 after acquiring an additional 14,269 shares during the period. Algert Global LLC grew its stake in shares of SiteOne Landscape Supply by 375.4% during the 3rd quarter. Algert Global LLC now owns 29,506 shares of the industrial products company's stock worth $4,453,000 after acquiring an additional 23,300 shares during the period. Janus Henderson Group PLC grew its stake in shares of SiteOne Landscape Supply by 36.5% during the 3rd quarter. Janus Henderson Group PLC now owns 49,784 shares of the industrial products company's stock worth $7,512,000 after acquiring an additional 13,314 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of SiteOne Landscape Supply by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 528,873 shares of the industrial products company's stock worth $79,812,000 after acquiring an additional 29,025 shares during the period.

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Analyst Upgrades and Downgrades

SITE has been the subject of several research reports. UBS Group cut their price target 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. Robert W. Baird cut their target price on 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 raised their target price 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. Stifel Nicolaus restated a "hold" rating and issued a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Finally, StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Sunday, March 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $154.56.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE traded up $0.15 on Friday, hitting $122.03. The company's stock had a trading volume of 890,325 shares, compared to its average volume of 376,041. The company has a 50-day simple moving average of $134.37 and a 200 day simple moving average of $139.85. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $186.42. The company has a market capitalization of $5.49 billion, a PE ratio of 45.37 and a beta of 1.69. 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 - Get Free Report) 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 net margin of 2.72% and a return on equity of 7.93%. Sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal 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.