SiteOne Landscape Supply, Inc. (NYSE:SITE) Position Cut by Prudential Financial Inc.

Prudential Financial Inc. lowered its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 72.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,706 shares of the industrial products company's stock after selling 4,540 shares during the quarter. Prudential Financial Inc.'s holdings in SiteOne Landscape Supply were worth $240,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. FMR LLC lifted its stake in SiteOne Landscape Supply by 52.9% during the third quarter. FMR LLC now owns 5,336 shares of the industrial products company's stock worth $805,000 after purchasing an additional 1,846 shares in the last quarter. Quantinno Capital Management LP lifted its stake in SiteOne Landscape Supply by 168.0% during the 3rd quarter. Quantinno Capital Management LP now owns 6,007 shares of the industrial products company's stock worth $907,000 after acquiring an additional 3,766 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in SiteOne Landscape Supply by 20.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 10,767 shares of the industrial products company's stock valued at $1,625,000 after acquiring an additional 1,799 shares during the period. MML Investors Services LLC grew its position in SiteOne Landscape Supply by 4.1% in the 3rd quarter. MML Investors Services LLC now owns 6,676 shares of the industrial products company's stock valued at $1,007,000 after acquiring an additional 264 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in SiteOne Landscape Supply by 90.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock worth $32,000 after purchasing an additional 100 shares during the period.

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Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group dropped 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 research note on Thursday, February 13th. Stifel Nicolaus reissued a "hold" rating and set a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Loop Capital reduced their price target on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Barclays lowered their price objective on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Sunday, March 16th. 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $149.70.

SiteOne Landscape Supply Stock Performance

Shares of SiteOne Landscape Supply stock traded down $0.61 during trading hours on Tuesday, reaching $114.35. The company's stock had a trading volume of 204,482 shares, compared to its average volume of 402,054. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply, Inc. has a one year low of $101.25 and a one year high of $171.00. The company's 50 day simple moving average is $125.55 and its 200 day simple moving average is $136.62. The stock has a market cap of $5.14 billion, a P/E ratio of 42.51 and a beta of 1.62.

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%. As a group, analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal 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.