Orion Portfolio Solutions LLC Reduces Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Orion Portfolio Solutions LLC trimmed its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 27.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,811 shares of the industrial products company's stock after selling 2,956 shares during the quarter. Orion Portfolio Solutions LLC's holdings in SiteOne Landscape Supply were worth $1,029,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its position in SiteOne Landscape Supply by 71.2% during the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company's stock valued at $7,304,000 after purchasing an additional 20,134 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of SiteOne Landscape Supply by 36.5% during the 3rd quarter. Janus Henderson Group PLC now owns 49,784 shares of the industrial products company's stock valued at $7,512,000 after acquiring an additional 13,314 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SiteOne Landscape Supply by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 528,873 shares of the industrial products company's stock valued at $79,812,000 after acquiring an additional 29,025 shares during the last quarter. US Bancorp DE boosted its holdings in shares of SiteOne Landscape Supply by 10.5% during the 4th quarter. US Bancorp DE now owns 6,717 shares of the industrial products company's stock valued at $885,000 after acquiring an additional 638 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of SiteOne Landscape Supply by 149.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,805 shares of the industrial products company's stock valued at $1,480,000 after acquiring an additional 5,877 shares during the last quarter.

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SiteOne Landscape Supply Trading Down 3.4 %

NYSE SITE traded down $3.88 on Thursday, hitting $110.30. 97,011 shares of the stock were exchanged, compared to its average volume of 396,802. The firm has a market capitalization of $4.96 billion, a P/E ratio of 41.00 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $175.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The stock has a fifty day moving average price of $126.93 and a two-hundred day moving average price of $137.48.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. Research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on SITE shares. Deutsche Bank Aktiengesellschaft started 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 on the stock. Loop Capital decreased their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. Barclays decreased 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 research note on Tuesday. UBS Group reduced their price objective on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Finally, Royal Bank of Canada raised their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a "sector perform" rating 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $149.70.

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.