Charles Schwab Investment Management Inc. Purchases 14,909 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Charles Schwab Investment Management Inc. boosted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 552,907 shares of the industrial products company’s stock after acquiring an additional 14,909 shares during the period. Charles Schwab Investment Management Inc.’s holdings in SiteOne Landscape Supply were worth $72,857,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SITE. Nomura Asset Management Co. Ltd. grew its stake in shares of SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Trust Co. of Vermont grew its stake in shares of 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 purchasing an additional 250 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $71,000. Jones Financial Companies Lllp grew its stake in shares of SiteOne Landscape Supply by 11.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock valued at $197,000 after purchasing an additional 156 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $200,000.

SiteOne Landscape Supply Stock Down 2.3 %

NYSE:SITE opened at $124.18 on Wednesday. The stock’s fifty day moving average price is $135.55 and its two-hundred day moving average price is $140.85. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. 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 company has a market cap of $5.58 billion, a price-to-earnings ratio of 46.16 and a beta of 1.69.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data 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, analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on SITE. Stifel Nicolaus reiterated a “hold” rating and issued a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Royal Bank of Canada increased their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Robert W. Baird decreased 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. StockNews.com lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, UBS Group decreased their price target on 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average 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.