Landscape Capital Management L.L.C. Buys 7,080 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Landscape Capital Management L.L.C. raised its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 149.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,810 shares of the industrial products company's stock after acquiring an additional 7,080 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in SiteOne Landscape Supply were worth $1,556,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its stake in shares of 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 buying an additional 100 shares during the last quarter. Trust Co. of Vermont boosted its stake 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 purchasing an additional 250 shares during the period. Tortoise Investment Management LLC raised its position in 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 buying an additional 131 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in SiteOne Landscape Supply by 395.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 273 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of SiteOne Landscape Supply during the 3rd quarter worth approximately $71,000.

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SiteOne Landscape Supply Stock Down 2.7 %

Shares of SiteOne Landscape Supply stock traded down $3.08 during trading on Thursday, reaching $111.11. 282,642 shares of the company traded hands, compared to its average volume of 397,687. The firm has a market capitalization of $5.00 billion, a PE ratio of 41.31 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $175.72. The company has a 50 day moving average price of $126.93 and a 200-day moving average price of $137.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

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 research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays reduced their target price on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a report on Tuesday. Robert W. Baird lowered their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Royal Bank of Canada lifted their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Stifel Nicolaus restated a "hold" rating and issued a $140.00 price target (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Finally, StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Sunday, March 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $149.70.

SiteOne Landscape Supply Company 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.