SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 58,515 shares of the industrial products company's stock after selling 7,223 shares during the quarter. Legal & General Group Plc owned about 0.13% of SiteOne Landscape Supply worth $7,711,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tidal Investments LLC lifted its holdings in shares of SiteOne Landscape Supply by 1.5% during 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 stake in shares of SiteOne Landscape Supply by 0.6% during the 4th quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company's stock valued at $1,726,000 after buying an additional 77 shares in the last quarter. HighPoint Advisor Group LLC increased its stake 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 worth $271,000 after buying an additional 78 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 131 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of SiteOne Landscape Supply by 11.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company's stock valued at $197,000 after acquiring an additional 156 shares in the last quarter.

SiteOne Landscape Supply Stock Up 1.6 %

SiteOne Landscape Supply stock traded up $1.82 during midday trading on Thursday, hitting $116.17. 63,984 shares of the company were exchanged, compared to its average volume of 411,206. The company's fifty day moving average price is $122.04 and its 200-day moving average price is $135.05. The company has a market cap of $5.22 billion, a PE ratio of 43.13 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $166.34. 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 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 return on equity of 7.93% and a net margin of 2.72%. On average, research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on SITE shares. Royal Bank of Canada raised their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Loop Capital decreased their price target 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. StockNews.com cut shares of SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research report on Wednesday. UBS Group decreased their price target on 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of SiteOne Landscape Supply in a report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.