Teacher Retirement System of Texas Invests $522,000 in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Teacher Retirement System of Texas purchased a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,959 shares of the industrial products company's stock, valued at approximately $522,000.

A number of other large investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at about $40,676,000. Skandinaviska Enskilda Banken AB publ grew its stake in SiteOne Landscape Supply by 320.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 226,300 shares of the industrial products company's stock valued at $29,713,000 after acquiring an additional 172,500 shares during the period. Bamco Inc. NY raised its holdings in SiteOne Landscape Supply by 8.9% during the third quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company's stock worth $238,489,000 after buying an additional 129,252 shares during the last quarter. WCM Investment Management LLC lifted its stake in shares of SiteOne Landscape Supply by 593.6% in the fourth quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company's stock valued at $17,242,000 after buying an additional 112,385 shares in the last quarter. Finally, Geneva Capital Management LLC grew its holdings in shares of SiteOne Landscape Supply by 13.9% during the fourth quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company's stock valued at $93,938,000 after buying an additional 86,793 shares during the last quarter.

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SiteOne Landscape Supply Trading Down 6.6 %

Shares of NYSE SITE traded down $8.07 during mid-day trading on Thursday, hitting $114.58. The stock had a trading volume of 1,057,065 shares, compared to its average volume of 388,023. The firm has a market cap of $5.15 billion, a P/E ratio of 42.60 and a beta of 1.62. 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 business has a 50 day moving average price of $131.80 and a two-hundred day moving average price of $139.24. SiteOne Landscape Supply, Inc. has a 1 year low of $110.75 and a 1 year high of $181.81.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings data 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%. On average, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SITE. Robert W. Baird dropped 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 research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a research report on Tuesday. They set a "hold" rating and a $135.00 target price on the stock. Stifel Nicolaus reiterated a "hold" rating and issued a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. UBS Group reduced their price objective on shares of 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. Finally, Royal Bank of Canada boosted their target price 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, SiteOne Landscape Supply presently has an average rating of "Hold" and an average target price of $152.60.

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.