Granite Investment Partners LLC Cuts Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Granite Investment Partners LLC lowered its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,399 shares of the industrial products company's stock after selling 6,615 shares during the quarter. Granite Investment Partners LLC owned about 0.33% of SiteOne Landscape Supply worth $19,686,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. grew its position in SiteOne Landscape Supply by 90.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Trust Co. of Vermont boosted its stake in shares of SiteOne Landscape Supply by 657.9% in the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Tortoise Investment Management LLC grew its position in 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 acquiring an additional 131 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in SiteOne Landscape Supply in the 4th quarter valued at about $40,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of SiteOne Landscape Supply by 395.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 273 shares during the period.

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SiteOne Landscape Supply Stock Down 0.7 %

NYSE:SITE traded down $0.84 during trading hours on Tuesday, hitting $114.12. 518,663 shares of the company traded hands, compared to its average volume of 404,119. The firm's 50-day simple moving average is $125.09 and its 200-day simple moving average is $136.46. The company has a market cap of $5.13 billion, a PE ratio of 42.42 and a beta of 1.62. 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 one year low of $101.25 and a one year high of $167.04.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings data 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%. Equities analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on SITE shares. Barclays dropped their target price on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada boosted their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Robert W. Baird reduced 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. StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Sunday, March 16th. Finally, UBS Group cut their price target on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. 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 company's stock. Based on data from MarketBeat, SiteOne Landscape Supply has a consensus rating of "Hold" and a consensus target price of $149.70.

SiteOne Landscape Supply 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.