Raymond James Financial Inc. Acquires New Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

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

A number of other large investors have also added to or reduced their stakes in the company. Bamco Inc. NY increased its position in shares of SiteOne Landscape Supply by 8.9% during the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company's stock valued at $238,489,000 after purchasing an additional 129,252 shares during the last quarter. Wasatch Advisors LP increased its position in shares of SiteOne Landscape Supply by 11.4% during the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company's stock valued at $238,083,000 after purchasing an additional 161,846 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in shares of SiteOne Landscape Supply by 2.7% during the 4th 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 during the last quarter. Geode Capital Management LLC increased its position in shares of SiteOne Landscape Supply by 0.5% during 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 purchasing an additional 3,434 shares during the last quarter. Finally, Geneva Capital Management LLC increased its position in shares of SiteOne Landscape Supply by 1.5% during the 3rd quarter. Geneva Capital Management LLC now owns 626,101 shares of the industrial products company's stock valued at $94,485,000 after purchasing an additional 9,209 shares during the last quarter.

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Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SITE. Royal Bank of Canada boosted their target price 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. Robert W. Baird cut their target price 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. Jefferies Financial Group raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and upped their price objective for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Stifel Nicolaus reaffirmed 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. Finally, UBS Group cut their price objective on 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, SiteOne Landscape Supply presently has an average rating of "Hold" and an average price target of $154.56.

SiteOne Landscape Supply Stock Up 2.0 %

Shares of SITE stock traded up $2.40 during mid-day trading on Friday, hitting $122.65. The stock had a trading volume of 408,267 shares, compared to its average volume of 371,141. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $188.01. The firm has a market capitalization of $5.51 billion, a P/E ratio of 45.59 and a beta of 1.69. The firm's 50-day moving average is $135.06 and its two-hundred day moving average is $140.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

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 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, analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share 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.