SiteOne Landscape Supply, Inc. (NYSE:SITE) Stock Position Decreased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,387 shares of the industrial products company’s stock after selling 602 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SiteOne Landscape Supply were worth $1,105,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SITE. Impact Capital Partners LLC acquired a new position in SiteOne Landscape Supply in the 4th quarter worth approximately $360,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of SiteOne Landscape Supply by 320.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 226,300 shares of the industrial products company’s stock worth $29,713,000 after buying an additional 172,500 shares during the period. Swiss National Bank grew its holdings in shares of SiteOne Landscape Supply by 0.6% during the fourth quarter. Swiss National Bank now owns 88,800 shares of the industrial products company’s stock valued at $11,701,000 after buying an additional 500 shares in the last quarter. Tortoise Investment Management LLC raised its position in SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock valued at $39,000 after buying an additional 131 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in SiteOne Landscape Supply by 7.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,072 shares of the industrial products company’s stock worth $1,591,000 after acquiring an additional 865 shares in the last quarter.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $122.03 on Friday. The stock has a market capitalization of $5.49 billion, a P/E ratio of 45.37 and a beta of 1.69. The business has a 50-day moving average of $134.37 and a two-hundred day moving average of $139.85. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $186.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing the consensus estimate 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 predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price target for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. Stifel Nicolaus reissued a “hold” rating and set a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Robert W. Baird dropped 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 research note on Thursday, February 13th. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday, March 16th. Finally, UBS Group dropped their target price 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and a consensus target price of $154.56.

SiteOne Landscape Supply 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.