LPL Financial LLC Has $3.55 Million Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

LPL Financial LLC increased its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,928 shares of the industrial products company's stock after purchasing an additional 5,930 shares during the period. LPL Financial LLC owned approximately 0.06% of SiteOne Landscape Supply worth $3,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SITE. Conestoga Capital Advisors LLC lifted its holdings in shares of SiteOne Landscape Supply by 2.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company's stock valued at $153,835,000 after purchasing an additional 30,725 shares in the last quarter. Geode Capital Management LLC lifted its stake in SiteOne Landscape Supply by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company's stock valued at $108,381,000 after acquiring an additional 3,434 shares in the last quarter. Geneva Capital Management LLC boosted its position in SiteOne Landscape Supply by 13.9% during the 4th quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company's stock worth $93,938,000 after acquiring an additional 86,793 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of SiteOne Landscape Supply by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 552,907 shares of the industrial products company's stock worth $72,857,000 after acquiring an additional 14,909 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of SiteOne Landscape Supply by 5.8% in the third quarter. JPMorgan Chase & Co. now owns 528,873 shares of the industrial products company's stock valued at $79,812,000 after purchasing an additional 29,025 shares during the last quarter.

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Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a "hold" rating and issued a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report 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 for the company in a research note on Friday, April 4th. Deutsche Bank Aktiengesellschaft assumed coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 target price on the stock. UBS Group reduced their price target 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. Finally, Barclays lowered their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $149.70.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock traded down $0.61 during mid-day trading on Tuesday, hitting $114.35. 204,482 shares of the company's stock traded hands, compared to its average volume of 402,054. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The firm has a 50 day simple moving average of $125.55 and a two-hundred day simple moving average of $136.62. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $171.00. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 42.51 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its 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, research analysts expect 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.