SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Acquired by Sei Investments Co.

Sei Investments Co. grew its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 220,499 shares of the industrial products company's stock after buying an additional 17,358 shares during the quarter. Sei Investments Co. owned 0.49% of SiteOne Landscape Supply worth $29,055,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. lifted its holdings in 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 acquiring an additional 100 shares during the period. Trust Co. of Vermont increased its holdings in shares of 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 valued at $38,000 after purchasing an additional 250 shares in the last quarter. Tortoise Investment Management LLC lifted its stake in shares of SiteOne Landscape Supply by 78.9% in the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 131 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in SiteOne Landscape Supply during the third quarter worth $71,000. Finally, Jones Financial Companies Lllp grew its position in SiteOne Landscape Supply by 11.6% during the fourth 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 during the period.

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Analyst Ratings Changes

A number of brokerages have weighed in on SITE. StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Sunday, March 16th. Jefferies Financial Group raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and upped their price target for the stock from $145.00 to $175.00 in a report on Friday, December 6th. UBS Group lowered their price target 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. Robert W. Baird cut their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Finally, Royal Bank of Canada increased 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $154.56.

SiteOne Landscape Supply Price Performance

Shares of SITE traded down $4.37 during trading hours on Friday, hitting $121.93. 369,028 shares of the stock were exchanged, compared to its average volume of 382,884. The stock's 50-day moving average price is $133.25 and its two-hundred day moving average price is $139.56. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $181.81. 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 company has a market cap of $5.48 billion, a price-to-earnings ratio of 45.33 and a beta of 1.69.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released 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 return on equity of 7.93% and a net margin of 2.72%. Research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

SiteOne Landscape Supply 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.