T. Rowe Price Investment Management Inc. Has $210.57 Million Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

T. Rowe Price Investment Management Inc. lifted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,598,005 shares of the industrial products company's stock after buying an additional 91,719 shares during the period. T. Rowe Price Investment Management Inc. owned about 3.54% of SiteOne Landscape Supply worth $210,570,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SITE. Tidal Investments LLC increased its position 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 period. Arizona State Retirement System increased its holdings in SiteOne Landscape Supply by 0.6% in 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 during the period. HighPoint Advisor Group LLC raised its stake in shares of 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 in the last quarter. 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% 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 in the last quarter.

Analyst Ratings Changes

Several research firms recently issued reports on SITE. Loop Capital dropped 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 report on Friday, April 4th. UBS Group cut their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Royal Bank of Canada increased their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Barclays reduced their target price on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of SiteOne Landscape Supply in a report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $149.70.

SiteOne Landscape Supply Price Performance

Shares of SITE traded down $2.04 during mid-day trading on Friday, hitting $115.01. 445,919 shares of the company traded hands, compared to its average volume of 414,416. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average of $120.88 and a 200 day moving average of $134.58. SiteOne Landscape Supply, Inc. has a one year low of $101.25 and a one year high of $165.97. The stock has a market capitalization 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 released its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. As a group, equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal 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.