Raymond James Financial Inc. Invests $40.68 Million in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Raymond James Financial Inc. purchased a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 308,694 shares of the industrial products company's stock, valued at approximately $40,676,000. Raymond James Financial Inc. owned 0.68% of SiteOne Landscape Supply at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Trust Co. of Vermont increased its stake in SiteOne Landscape Supply by 657.9% during the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock worth $38,000 after buying an additional 250 shares during the period. Tortoise Investment Management LLC grew its stake in shares of 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 acquiring an additional 131 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of SiteOne Landscape Supply during the fourth quarter worth $40,000. Brown Brothers Harriman & Co. raised its stake in shares of SiteOne Landscape Supply by 395.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 273 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in SiteOne Landscape Supply in the third quarter valued at $71,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Robert W. Baird reduced their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Barclays reduced 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 report on Tuesday, April 8th. UBS Group lowered their price target on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SiteOne Landscape Supply in a report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price objective on the stock. Finally, Loop Capital decreased 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 report on Friday, April 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $149.70.

SiteOne Landscape Supply Stock Performance

SITE traded down $2.80 on Monday, reaching $109.39. The company had a trading volume of 18,544 shares, compared to its average volume of 406,249. The stock has a 50-day moving average price of $123.76 and a 200-day moving average price of $135.58. The stock has a market capitalization of $4.92 billion, a PE ratio of 40.73 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $166.34. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31.

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 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%. As a group, research analysts forecast 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.