SiteOne Landscape Supply, Inc. (NYSE:SITE) Stake Boosted by California Public Employees Retirement System

California Public Employees Retirement System lifted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,512 shares of the industrial products company's stock after acquiring an additional 2,306 shares during the period. California Public Employees Retirement System owned about 0.15% of SiteOne Landscape Supply worth $8,764,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in SiteOne Landscape Supply by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock valued at $548,503,000 after acquiring an additional 49,256 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in shares of SiteOne Landscape Supply by 2.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company's stock worth $153,835,000 after purchasing an additional 30,725 shares during the last quarter. Geode Capital Management LLC boosted its position in 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 period. Geneva Capital Management LLC grew its stake in SiteOne Landscape Supply by 13.9% during the 4th quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company's stock worth $93,938,000 after buying an additional 86,793 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in SiteOne Landscape Supply by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 552,907 shares of the industrial products company's stock worth $72,857,000 after buying an additional 14,909 shares during the period.

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Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SITE shares. Robert W. Baird reduced their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Loop Capital reduced their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, April 4th. UBS Group dropped their price target on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a research note 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. Finally, Barclays decreased their price objective on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, SiteOne Landscape Supply has an average rating of "Hold" and a consensus target price of $149.70.

SiteOne Landscape Supply Price Performance

SITE traded up $2.44 during trading on Friday, reaching $113.49. The stock had a trading volume of 597,872 shares, compared to its average volume of 400,944. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $172.34. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 42.19 and a beta of 1.62. The stock has a 50 day moving average of $125.97 and a two-hundred day moving average of $136.97. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31.

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) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. As a group, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS 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.