National Bank of Canada FI Has $54,000 Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

National Bank of Canada FI cut its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 18.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 411 shares of the industrial products company’s stock after selling 96 shares during the quarter. National Bank of Canada FI’s holdings in SiteOne Landscape Supply were worth $54,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SITE. Tidal Investments LLC lifted its holdings in SiteOne Landscape Supply by 1.5% in the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock valued at $780,000 after buying an additional 77 shares during the period. Arizona State Retirement System boosted its position in shares of SiteOne Landscape Supply by 0.6% during 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 purchasing an additional 77 shares in the last quarter. HighPoint Advisor Group LLC grew its stake in SiteOne Landscape Supply by 4.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 78 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in 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 purchasing an additional 100 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in SiteOne Landscape Supply by 78.9% in 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.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SITE shares. Royal Bank of Canada boosted their target price on shares of 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. Robert W. Baird cut their price objective on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft initiated coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They issued a “hold” rating and a $135.00 target price for the company. Barclays cut their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. Finally, Loop Capital decreased their price objective 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $149.70.

SiteOne Landscape Supply Trading Up 2.2 %

NYSE SITE opened at $113.49 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $5.10 billion, a P/E ratio of 42.19 and a beta of 1.62. The business has a fifty day simple moving average of $125.97 and a 200 day simple moving average of $136.97. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $172.34.

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

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.