PNC Financial Services Group Inc. Sells 1,043 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

PNC Financial Services Group Inc. trimmed its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,717 shares of the industrial products company’s stock after selling 1,043 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SiteOne Landscape Supply were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SITE. Nomura Asset Management Co. Ltd. lifted its stake in shares of SiteOne Landscape Supply by 90.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Trust Co. of Vermont lifted its stake in shares of SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock worth $38,000 after buying an additional 250 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of SiteOne Landscape Supply in the third quarter worth $71,000. Jones Financial Companies Lllp lifted its stake in shares of SiteOne Landscape Supply by 11.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock worth $197,000 after buying an additional 156 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in SiteOne Landscape Supply during the 3rd quarter valued at $200,000.

SiteOne Landscape Supply Trading Up 2.0 %

Shares of SITE stock opened at $122.65 on Monday. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 45.59 and a beta of 1.69. 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 fifty day moving average of $135.06 and a 200-day moving average of $140.45.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) 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%. On average, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SITE has been the subject of several research analyst reports. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Sunday. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their target price for the company from $145.00 to $175.00 in a research note on Friday, December 6th. Robert W. Baird cut their target price on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. UBS Group cut their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, SiteOne Landscape Supply presently has a consensus rating of “Hold” and an average target price of $154.56.

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.