SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 471,309 shares of the industrial products company's stock after selling 57,564 shares during the quarter. JPMorgan Chase & Co. owned about 1.04% of SiteOne Landscape Supply worth $62,104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of SiteOne Landscape Supply in the fourth quarter worth $40,676,000. Artisan Partners Limited Partnership boosted its holdings in SiteOne Landscape Supply by 137.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company's stock valued at $48,510,000 after purchasing an additional 212,907 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake 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 in the last quarter. WCM Investment Management LLC increased its holdings in SiteOne Landscape Supply by 593.6% during the 4th quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company's stock worth $17,242,000 after purchasing an additional 112,385 shares during the period. Finally, Geneva Capital Management LLC raised its position in SiteOne Landscape Supply by 13.9% in the 4th quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company's stock valued at $93,938,000 after purchasing an additional 86,793 shares in the last quarter.

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SiteOne Landscape Supply Trading Up 8.8 %

Shares of SITE traded up $9.26 during mid-day trading on Wednesday, reaching $114.05. The company had a trading volume of 1,054,481 shares, compared to its average volume of 397,614. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.92 and a fifty-two week high of $175.72. The firm has a fifty day simple moving average of $126.93 and a 200-day simple moving average of $137.48. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 42.40 and a beta of 1.62. 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 (NYSE:SITE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share 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%. On average, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stifel Nicolaus restated a "hold" rating and set a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Loop Capital reduced their price objective on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, April 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of SiteOne Landscape Supply in a research note on Tuesday, April 1st. They set a "hold" rating and a $135.00 target price for the company. Robert W. Baird cut their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Finally, UBS Group lowered their price objective on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.