Wells Fargo & Company MN Sells 10,858 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Wells Fargo & Company MN cut its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 460,907 shares of the industrial products company's stock after selling 10,858 shares during the period. Wells Fargo & Company MN owned approximately 1.02% of SiteOne Landscape Supply worth $60,734,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its position in shares of SiteOne Landscape Supply by 90.9% during the 3rd 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 during the last quarter. Trust Co. of Vermont raised its stake in SiteOne Landscape Supply by 657.9% in the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 250 shares during the period. Tortoise Investment Management LLC boosted its position in SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock worth $39,000 after purchasing an additional 131 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in SiteOne Landscape Supply by 395.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock worth $45,000 after buying an additional 273 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of SiteOne Landscape Supply during the third quarter worth $71,000.

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SiteOne Landscape Supply Trading Up 1.9 %

Shares of SiteOne Landscape Supply stock traded up $2.20 during midday trading on Monday, reaching $116.04. 36,983 shares of the company's stock traded hands, compared to its average volume of 399,981. The company has a market cap of $5.22 billion, a PE ratio of 43.14 and a beta of 1.62. The stock has a 50 day moving average of $125.97 and a 200-day moving average of $136.87. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $171.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced 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 net margin of 2.72% and a return on equity of 7.93%. As a group, equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SITE has been the subject of several recent analyst reports. UBS Group reduced 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price objective on the stock. Robert W. Baird lowered their price target 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. Royal Bank of Canada raised their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Finally, Stifel Nicolaus reiterated a "hold" rating and set a $140.00 price target (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, SiteOne Landscape Supply presently has an average rating of "Hold" and an average price target of $149.70.

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.