EFG Asset Management North America Corp. Has $2.72 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

EFG Asset Management North America Corp. lifted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 58.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,658 shares of the industrial products company's stock after purchasing an additional 7,605 shares during the period. EFG Asset Management North America Corp.'s holdings in SiteOne Landscape Supply were worth $2,719,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. 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 worth $780,000 after purchasing an additional 77 shares during the period. Arizona State Retirement System grew 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. Nomura Asset Management Co. Ltd. increased its holdings in SiteOne Landscape Supply by 90.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock valued at $32,000 after buying an additional 100 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in SiteOne Landscape Supply by 2.3% in the third quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company's stock valued at $797,000 after buying an additional 119 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its position in shares of SiteOne Landscape Supply by 78.9% during the 4th 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.

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SiteOne Landscape Supply Trading Down 3.5 %

SiteOne Landscape Supply stock traded down $4.37 during midday trading on Friday, reaching $121.93. The stock had a trading volume of 369,028 shares, compared to its average volume of 382,884. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $181.81. 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 firm's fifty day simple moving average is $133.25 and its two-hundred day simple moving average is $139.56.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its earnings results 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%. Equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have 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 on the stock in a report on Thursday, February 13th. Royal Bank of Canada upped 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. Jefferies Financial Group raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and lifted their price objective for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Stifel Nicolaus reaffirmed a "hold" rating and set a $140.00 price target (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Finally, StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Sunday, March 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of "Hold" and an average price target of $154.56.

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.