Sei Investments Co. Increases Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Sei Investments Co. increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 220,499 shares of the industrial products company’s stock after buying an additional 17,358 shares during the period. Sei Investments Co. owned about 0.49% of SiteOne Landscape Supply worth $29,055,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its position in shares of SiteOne Landscape Supply by 90.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Trust Co. of Vermont grew its stake in SiteOne Landscape Supply by 657.9% during the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in SiteOne Landscape Supply by 78.9% during the 4th 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 last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $71,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of SiteOne Landscape Supply by 11.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock valued at $197,000 after buying an additional 156 shares during the last quarter.

SiteOne Landscape Supply Stock Down 0.4 %

Shares of SiteOne Landscape Supply stock opened at $127.82 on Wednesday. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 47.52 and a beta of 1.69. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $183.86. 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 business’s 50 day simple moving average is $134.14 and its 200-day simple moving average is $139.78.

SiteOne Landscape Supply (NYSE:SITE) last issued 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%. Equities research 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 analysts recently issued reports on SITE shares. 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 research note on Friday, December 6th. Stifel Nicolaus restated a “hold” rating and issued a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. UBS Group reduced their price target on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Robert W. Baird lowered their price objective 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. Finally, Royal Bank of Canada upped their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply presently has a consensus rating of “Hold” and an average target price 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.