Capital World Investors Has $80.66 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Capital World Investors decreased its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 612,136 shares of the industrial products company's stock after selling 2,776 shares during the period. Capital World Investors owned approximately 1.36% of SiteOne Landscape Supply worth $80,661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its holdings in SiteOne Landscape Supply by 1.5% in the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company's stock valued at $780,000 after purchasing an additional 77 shares during the last quarter. Arizona State Retirement System lifted its position in SiteOne Landscape Supply by 0.6% during the fourth quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company's stock worth $1,726,000 after buying an additional 77 shares during the period. HighPoint Advisor Group LLC grew its holdings in SiteOne Landscape Supply by 4.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company's stock valued at $271,000 after buying an additional 78 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of SiteOne Landscape Supply by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 19,611 shares of the industrial products company's stock worth $2,584,000 after acquiring an additional 130 shares during the period. Finally, Tortoise Investment Management LLC boosted its position in shares of SiteOne Landscape Supply by 78.9% in the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock worth $39,000 after acquiring an additional 131 shares during the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of SiteOne Landscape Supply stock traded down $2.04 on Friday, reaching $115.01. 445,919 shares of the company were exchanged, compared to its average volume of 413,524. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $165.97. 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's 50-day moving average is $120.88 and its two-hundred day moving average is $134.64. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 42.75 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (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 expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Loop Capital lowered their price objective 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. Stifel Nicolaus restated a "hold" rating and issued a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Royal Bank of Canada increased 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. StockNews.com lowered shares of SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price target for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, SiteOne Landscape Supply has an average rating of "Hold" and a consensus price target of $149.70.

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.