Zuckerman Investment Group LLC Invests $6.97 Million in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Zuckerman Investment Group LLC acquired a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 51,265 shares of the industrial products company's stock, valued at approximately $6,971,000. Zuckerman Investment Group LLC owned about 0.11% of SiteOne Landscape Supply at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake in SiteOne Landscape Supply by 52.9% during the third quarter. FMR LLC now owns 5,336 shares of the industrial products company's stock valued at $805,000 after buying an additional 1,846 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of SiteOne Landscape Supply by 168.0% during the third quarter. Quantinno Capital Management LP now owns 6,007 shares of the industrial products company's stock worth $907,000 after purchasing an additional 3,766 shares during the last quarter. Stifel Financial Corp increased its position in shares of SiteOne Landscape Supply by 1.4% during the third quarter. Stifel Financial Corp now owns 107,626 shares of the industrial products company's stock worth $16,242,000 after acquiring an additional 1,434 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in shares of SiteOne Landscape Supply by 20.1% in the third quarter. Orion Portfolio Solutions LLC now owns 10,767 shares of the industrial products company's stock valued at $1,625,000 after purchasing an additional 1,799 shares during the period. Finally, MML Investors Services LLC increased its holdings in SiteOne Landscape Supply by 4.1% during the 3rd quarter. MML Investors Services LLC now owns 6,676 shares of the industrial products company's stock worth $1,007,000 after purchasing an additional 264 shares during the period.

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SiteOne Landscape Supply Trading Down 0.6 %

SiteOne Landscape Supply stock traded down $0.65 during midday trading on Tuesday, hitting $114.31. 189,441 shares of the stock were exchanged, compared to its average volume of 470,451. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 42.49 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $167.04. 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 stock's 50-day simple moving average is $125.55 and its 200 day simple moving average is $136.62.

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 (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 anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Sunday, March 16th. Stifel Nicolaus restated a "hold" rating and set a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of SiteOne Landscape Supply in a report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price target on the stock. Barclays lowered their target price on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Finally, Robert W. Baird decreased their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of "Hold" and an average price target of $149.70.

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.