Prudential Financial Inc. Has $240,000 Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Prudential Financial Inc. lowered its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 72.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,706 shares of the industrial products company’s stock after selling 4,540 shares during the quarter. Prudential Financial Inc.’s holdings in SiteOne Landscape Supply were worth $240,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Summit Creek Advisors LLC boosted its position in shares of SiteOne Landscape Supply by 0.3% during the fourth quarter. Summit Creek Advisors LLC now owns 67,813 shares of the industrial products company’s stock valued at $8,936,000 after buying an additional 200 shares during the last quarter. Vanguard Group Inc. lifted its stake in SiteOne Landscape Supply by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company’s stock valued at $548,503,000 after acquiring an additional 49,256 shares in the last quarter. Bridge City Capital LLC boosted its holdings in SiteOne Landscape Supply by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 26,820 shares of the industrial products company’s stock worth $3,534,000 after acquiring an additional 240 shares during the last quarter. LPL Financial LLC grew its stake in shares of SiteOne Landscape Supply by 28.2% in the 4th quarter. LPL Financial LLC now owns 26,928 shares of the industrial products company’s stock worth $3,548,000 after acquiring an additional 5,930 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at about $1,212,000.

SiteOne Landscape Supply Price Performance

Shares of SiteOne Landscape Supply stock opened at $111.08 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $174.60. The company has a fifty day moving average of $126.43 and a 200-day moving average of $137.20. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 41.29 and a beta of 1.62.

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%. Equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on SITE. UBS Group dropped their target price on shares of 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. Stifel Nicolaus reaffirmed a “hold” rating and set a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Loop Capital cut their price target on SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating for the company in a report on Friday, April 4th. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday, March 16th. Finally, Barclays reduced their target price on SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, SiteOne Landscape Supply has an average rating of “Hold” and an average price target of $149.70.

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.