Mitsubishi UFJ Trust & Banking Corp Sells 4,903 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,153 shares of the industrial products company's stock after selling 4,903 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.16% of SiteOne Landscape Supply worth $9,376,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Cerity Partners LLC increased its position in SiteOne Landscape Supply by 43.4% during the third quarter. Cerity Partners LLC now owns 19,394 shares of the industrial products company's stock worth $2,927,000 after buying an additional 5,869 shares during the last quarter. FMR LLC boosted its stake in SiteOne Landscape Supply by 52.9% during the 3rd quarter. FMR LLC now owns 5,336 shares of the industrial products company's stock valued at $805,000 after purchasing an additional 1,846 shares during the period. BNP Paribas Financial Markets grew its stake in shares of SiteOne Landscape Supply by 149.6% in the third quarter. BNP Paribas Financial Markets now owns 9,805 shares of the industrial products company's stock worth $1,480,000 after acquiring an additional 5,877 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of SiteOne Landscape Supply by 2.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company's stock worth $797,000 after purchasing an additional 119 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in SiteOne Landscape Supply by 14.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,207 shares of the industrial products company's stock valued at $1,691,000 after acquiring an additional 1,372 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and lifted their target price for the company from $145.00 to $175.00 in a research note on Friday, December 6th. Stifel Nicolaus reiterated a "hold" rating and issued a $140.00 price objective (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of SiteOne Landscape Supply in a research report on Tuesday. They issued a "hold" rating and a $135.00 price objective for the company. Finally, Robert W. Baird cut their price objective on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $152.60.

SiteOne Landscape Supply Stock Down 9.5 %

SITE stock traded down $11.59 during mid-day trading on Thursday, reaching $111.06. 121,830 shares of the company traded hands, compared to its average volume of 384,389. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The firm's 50 day moving average price is $131.80 and its 200 day moving average price is $139.24. SiteOne Landscape Supply, Inc. has a fifty-two week low of $110.75 and a fifty-two week high of $181.81. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 41.29 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) earnings per share (EPS) 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%. As a group, equities research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

SiteOne Landscape Supply Company 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.