9,200 Shares in SiteOne Landscape Supply, Inc. (NYSE:SITE) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,200 shares of the industrial products company's stock, valued at approximately $1,212,000.

Several other large investors have also recently made changes to their positions in SITE. Nomura Asset Management Co. Ltd. raised its position in 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 during the period. Trust Co. of Vermont boosted its position in 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 buying an additional 250 shares during the period. Tortoise Investment Management LLC grew its stake in SiteOne Landscape Supply by 78.9% in the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock worth $39,000 after purchasing an additional 131 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of SiteOne Landscape Supply in the third quarter valued at about $71,000. Finally, Jones Financial Companies Lllp increased its position in SiteOne Landscape Supply by 11.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company's stock valued at $197,000 after purchasing an additional 156 shares during the period.

SiteOne Landscape Supply Trading Down 6.6 %

SITE stock traded down $8.07 during midday trading on Thursday, hitting $114.58. The stock had a trading volume of 1,057,081 shares, compared to its average volume of 388,618. The firm has a market cap of $5.15 billion, a PE ratio of 42.60 and a beta of 1.62. The company's 50-day moving average price is $131.16 and its 200 day moving average price is $139.07. SiteOne Landscape Supply, Inc. has a 12-month low of $110.76 and a 12-month high of $181.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

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SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing the consensus estimate 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, equities research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and increased their price target for the company from $145.00 to $175.00 in a research note on Friday, December 6th. Robert W. Baird decreased their price objective 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 upped 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 reissued a "hold" rating and set a $140.00 price target (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a report on Tuesday. They issued a "hold" rating and a $135.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $152.60.

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.