SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 143.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 71,782 shares of the industrial products company's stock after acquiring an additional 42,239 shares during the period. Russell Investments Group Ltd. owned approximately 0.16% of SiteOne Landscape Supply worth $9,453,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SITE. Nomura Asset Management Co. Ltd. increased its holdings in shares of SiteOne Landscape Supply by 90.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 100 shares during the period. Trust Co. of Vermont increased its holdings in SiteOne Landscape Supply by 657.9% in 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 raised its position in SiteOne Landscape Supply by 78.9% during the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock worth $39,000 after buying an additional 131 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in SiteOne Landscape Supply during the 4th quarter valued at approximately $40,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of SiteOne Landscape Supply by 395.7% in the 4th 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 during the last quarter.

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SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE traded down $0.84 during midday trading on Tuesday, hitting $114.12. The company's stock had a trading volume of 518,663 shares, compared to its average volume of 403,260. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $171.00. The company has a market cap of $5.13 billion, a P/E ratio of 42.42 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. The business's 50 day simple moving average is $125.55 and its 200 day simple moving average is $136.62.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing analysts' consensus estimates 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 forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SITE. Royal Bank of Canada boosted 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 research report on Thursday, February 13th. StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Sunday, March 16th. Loop Capital decreased their price target on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a report on Friday, April 4th. Barclays dropped their price objective 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, April 8th. Finally, Robert W. Baird lowered their target price on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus 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.