SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,419,534 shares of the industrial products company's stock after selling 267,318 shares during the period. Price T Rowe Associates Inc. MD owned 12.01% of SiteOne Landscape Supply worth $714,133,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC grew its position in SiteOne Landscape Supply by 71.2% in the third quarter. Barclays PLC now owns 48,398 shares of the industrial products company's stock worth $7,304,000 after acquiring an additional 20,134 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in SiteOne Landscape Supply by 5.8% during the third quarter. JPMorgan Chase & Co. now owns 528,873 shares of the industrial products company's stock worth $79,812,000 after purchasing an additional 29,025 shares during the last quarter. US Bancorp DE boosted its holdings in shares of SiteOne Landscape Supply by 10.5% in the 4th quarter. US Bancorp DE now owns 6,717 shares of the industrial products company's stock worth $885,000 after purchasing an additional 638 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of SiteOne Landscape Supply during the 4th quarter valued at about $427,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of 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 buying an additional 156 shares in the last quarter.

SiteOne Landscape Supply Trading Down 0.0 %

SITE stock traded down $0.03 during mid-day trading on Monday, reaching $114.96. 461,830 shares of the stock traded hands, compared to its average volume of 414,607. The business has a 50-day moving average price of $120.88 and a two-hundred day moving average price of $134.54. The stock has a market capitalization of $5.17 billion, a PE ratio of 42.74 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply, Inc. has a one year low of $101.25 and a one year high of $165.97.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data 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%. Equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analyst Ratings Changes

SITE has been the subject of a number of research reports. UBS Group cut their price objective on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus reduced their price objective on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a research note on Monday. Barclays lowered their target price on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price target on the stock. Finally, Royal Bank of Canada boosted their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, SiteOne Landscape Supply presently has a consensus rating of "Hold" and an average price target of $148.30.

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.