Vanguard Group Inc. Has $548.50 Million Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Vanguard Group Inc. boosted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,162,578 shares of the industrial products company's stock after purchasing an additional 49,256 shares during the period. Vanguard Group Inc. owned about 9.23% of SiteOne Landscape Supply worth $548,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bridge City Capital LLC boosted its holdings in SiteOne Landscape Supply by 0.9% in the 4th quarter. Bridge City Capital LLC now owns 26,820 shares of the industrial products company's stock valued at $3,534,000 after purchasing an additional 240 shares during the last quarter. LPL Financial LLC lifted its stake in SiteOne Landscape Supply by 28.2% during the fourth quarter. LPL Financial LLC now owns 26,928 shares of the industrial products company's stock worth $3,548,000 after purchasing an additional 5,930 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in SiteOne Landscape Supply during the 4th quarter worth $1,212,000. Sei Investments Co. boosted its position in shares of SiteOne Landscape Supply by 8.5% in the 4th quarter. Sei Investments Co. now owns 220,499 shares of the industrial products company's stock valued at $29,055,000 after purchasing an additional 17,358 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of SiteOne Landscape Supply by 14.0% in the 4th quarter. American Century Companies Inc. now owns 496,393 shares of the industrial products company's stock valued at $65,410,000 after acquiring an additional 61,128 shares during the period.

Remove Ads

SiteOne Landscape Supply Price Performance

Shares of SITE stock traded down $8.07 during trading hours on Thursday, hitting $114.58. The company had a trading volume of 1,057,065 shares, compared to its average volume of 388,023. The firm's fifty day moving average is $131.80 and its 200 day moving average is $139.24. 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 firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 42.60 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a 12 month low of $110.75 and a 12 month high of $181.81.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted 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 return on equity of 7.93% and a net margin of 2.72%. On average, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Stifel Nicolaus reissued 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. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and lifted their price target for the stock from $145.00 to $175.00 in a report on Friday, December 6th. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Sunday, March 16th. Robert W. Baird dropped their target price on 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. Finally, Royal Bank of Canada increased their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of "Hold" and an average price target 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.