Pictet Asset Management Holding SA Acquires 432 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Pictet Asset Management Holding SA raised its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,279 shares of the industrial products company’s stock after purchasing an additional 432 shares during the quarter. Pictet Asset Management Holding SA’s holdings in SiteOne Landscape Supply were worth $827,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its position in shares of SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Trust Co. of Vermont raised its position in SiteOne Landscape Supply by 657.9% during the fourth 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. Tortoise Investment Management LLC lifted its stake in shares of SiteOne Landscape Supply by 78.9% in the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 131 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of SiteOne Landscape Supply in the 3rd quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp increased its position 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 purchasing an additional 156 shares during the last quarter.

Wall Street Analysts Forecast Growth

SITE has been the subject of several recent analyst reports. UBS Group dropped their price objective 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. Loop Capital dropped their price target on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, April 1st. They issued a “hold” rating and a $135.00 price objective on the stock. Royal Bank of Canada boosted their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Finally, Robert W. Baird reduced their price target on 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 investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $151.10.

SiteOne Landscape Supply Trading Down 1.8 %

SITE opened at $109.44 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average is $129.67 and its two-hundred day moving average is $138.43. The company has a market capitalization of $4.92 billion, a P/E ratio of 40.68 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a 52 week low of $104.53 and a 52 week high of $181.81.

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%. Analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

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.