Truist Financial Corp Has $8.80 Million Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Truist Financial Corp lowered its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,751 shares of the industrial products company's stock after selling 3,309 shares during the quarter. Truist Financial Corp owned about 0.15% of SiteOne Landscape Supply worth $8,796,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its position in shares of SiteOne Landscape Supply by 11.4% during the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company's stock valued at $238,083,000 after buying an additional 161,846 shares during the last quarter. Bamco Inc. NY lifted its position in shares of SiteOne Landscape Supply by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company's stock worth $238,489,000 after acquiring an additional 129,252 shares during the period. WCM Investment Management LLC grew its holdings in shares of SiteOne Landscape Supply by 593.6% during the 4th quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company's stock worth $17,242,000 after purchasing an additional 112,385 shares in the last quarter. Premier Fund Managers Ltd increased its position in shares of SiteOne Landscape Supply by 14.1% during the third quarter. Premier Fund Managers Ltd now owns 405,738 shares of the industrial products company's stock valued at $61,415,000 after purchasing an additional 50,000 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in SiteOne Landscape Supply by 6,488.6% during the third quarter. International Assets Investment Management LLC now owns 36,369 shares of the industrial products company's stock worth $5,488,000 after buying an additional 35,817 shares in the last quarter.

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SiteOne Landscape Supply Stock Performance

SITE stock traded up $0.87 during mid-day trading on Tuesday, hitting $132.58. 511,928 shares of the company were exchanged, compared to its average volume of 379,740. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. The stock has a market capitalization of $5.96 billion, a PE ratio of 49.28 and a beta of 1.57. The business has a 50 day simple moving average of $137.34 and a 200-day simple moving average of $141.65. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its 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, equities analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SITE shares. Robert W. Baird decreased their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus reaffirmed a "hold" rating and issued a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. 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 boosted their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and increased their target price for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus 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.