Zurcher Kantonalbank Zurich Cantonalbank Buys 865 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,072 shares of the industrial products company’s stock after acquiring an additional 865 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SiteOne Landscape Supply were worth $1,591,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Callan Family Office LLC bought a new position in SiteOne Landscape Supply during the fourth quarter worth $276,000. Geneva Capital Management LLC increased its position in SiteOne Landscape Supply by 13.9% during the fourth quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company’s stock worth $93,938,000 after acquiring an additional 86,793 shares during the period. Raymond James Financial Inc. bought a new stake in SiteOne Landscape Supply in the 4th quarter valued at $40,676,000. Arizona State Retirement System increased its holdings in SiteOne Landscape Supply by 0.6% in the 4th quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company’s stock valued at $1,726,000 after buying an additional 77 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in SiteOne Landscape Supply in the 4th quarter valued at $1,771,000.

SiteOne Landscape Supply Stock Up 0.8 %

Shares of NYSE SITE opened at $123.58 on Tuesday. The firm’s 50-day simple moving average is $134.90 and its 200 day simple moving average is $140.33. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 45.94 and a beta of 1.69. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly 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, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SITE. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price target for the company from $145.00 to $175.00 in a report on Friday, December 6th. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Sunday. Royal Bank of Canada boosted their price target on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Stifel Nicolaus reissued a “hold” rating and issued a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Finally, Robert W. Baird lowered their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. One 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’s stock. Based on data from MarketBeat, SiteOne Landscape Supply currently 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.