American Century Companies Inc. Buys 61,128 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

American Century Companies Inc. grew its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 496,393 shares of the industrial products company's stock after acquiring an additional 61,128 shares during the quarter. American Century Companies Inc. owned 1.10% of SiteOne Landscape Supply worth $65,410,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Blueshift Asset Management LLC acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at about $227,000. Magnetar Financial LLC bought a new position in SiteOne Landscape Supply in the fourth quarter valued at approximately $1,891,000. Teacher Retirement System of Texas acquired a new position in shares of SiteOne Landscape Supply during the 4th quarter worth approximately $522,000. Xponance Inc. raised its stake in shares of SiteOne Landscape Supply by 10.4% during the 4th quarter. Xponance Inc. now owns 3,470 shares of the industrial products company's stock worth $457,000 after purchasing an additional 327 shares in the last quarter. Finally, Polen Capital Management LLC boosted its holdings in shares of SiteOne Landscape Supply by 48.2% in the 4th quarter. Polen Capital Management LLC now owns 24,140 shares of the industrial products company's stock valued at $3,181,000 after buying an additional 7,847 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SITE shares. StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Sunday, March 16th. Robert W. Baird lowered their price objective on shares of 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. UBS Group cut their target price 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 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Finally, Royal Bank of Canada raised their price objective 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 analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $154.56.

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SiteOne Landscape Supply Stock Performance

SITE traded down $4.37 during trading on Friday, hitting $121.93. The stock had a trading volume of 369,028 shares, compared to its average volume of 382,884. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 45.33 and a beta of 1.69. The company has a 50 day moving average price of $133.25 and a 200-day moving average price of $139.56. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $181.81.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS 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, research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

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.