Sandhill Capital Partners LLC Sells 48,155 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Sandhill Capital Partners LLC lowered its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 13.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 309,155 shares of the industrial products company's stock after selling 48,155 shares during the quarter. SiteOne Landscape Supply makes up 3.2% of Sandhill Capital Partners LLC's portfolio, making the stock its 14th biggest holding. Sandhill Capital Partners LLC owned approximately 0.69% of SiteOne Landscape Supply worth $40,737,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Barclays PLC increased its holdings in SiteOne Landscape Supply by 71.2% in the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company's stock valued at $7,304,000 after acquiring an additional 20,134 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of SiteOne Landscape Supply by 36.5% during the third quarter. Janus Henderson Group PLC now owns 49,784 shares of the industrial products company's stock valued at $7,512,000 after purchasing an additional 13,314 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of 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 valued at $79,812,000 after purchasing an additional 29,025 shares in the last quarter. US Bancorp DE increased its holdings in shares of SiteOne Landscape Supply by 10.5% in the fourth 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 during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of SiteOne Landscape Supply by 149.6% in the third quarter. BNP Paribas Financial Markets now owns 9,805 shares of the industrial products company's stock worth $1,480,000 after buying an additional 5,877 shares in the last quarter.

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Analysts Set New Price Targets

A number of analysts have issued reports on the company. Robert W. Baird reduced their price objective on 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. Stifel Nicolaus restated a "hold" rating and issued a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Barclays decreased their price target 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. Royal Bank of Canada lifted their price objective on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a "hold" rating and a $135.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $149.70.

SiteOne Landscape Supply Trading Up 2.2 %

SiteOne Landscape Supply stock traded up $2.44 during midday trading on Friday, reaching $113.49. The stock had a trading volume of 597,872 shares, compared to its average volume of 401,413. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 42.19 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $171.00. The company has a fifty day moving average of $125.97 and a 200 day moving average of $136.87.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly 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 return on equity of 7.93% and a net margin of 2.72%. On average, analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share 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.