SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,402 shares of the industrial products company’s stock after selling 89 shares during the quarter. Rhumbline Advisers’ holdings in SiteOne Landscape Supply were worth $6,246,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bamco Inc. NY lifted its holdings in shares of SiteOne Landscape Supply by 8.9% during the third quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock valued at $238,489,000 after purchasing an additional 129,252 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of SiteOne Landscape Supply by 11.4% during the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock valued at $238,083,000 after acquiring an additional 161,846 shares during the period. Conestoga Capital Advisors LLC lifted its position in shares of SiteOne Landscape Supply by 2.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company’s stock valued at $153,835,000 after acquiring an additional 30,725 shares in the last quarter. Geode Capital Management LLC boosted its stake in SiteOne Landscape Supply by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company’s stock worth $108,381,000 after purchasing an additional 3,434 shares during the period. Finally, Geneva Capital Management LLC grew its position in SiteOne Landscape Supply by 1.5% during the 3rd quarter. Geneva Capital Management LLC now owns 626,101 shares of the industrial products company’s stock worth $94,485,000 after purchasing an additional 9,209 shares in the last quarter.

SiteOne Landscape Supply Stock Down 2.0 %

SITE stock opened at $129.67 on Thursday. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01. 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 company has a market cap of $5.83 billion, a PE ratio of 48.21 and a beta of 1.57. The business’s 50-day simple moving average is $137.19 and its 200 day simple moving average is $141.65.

SiteOne Landscape Supply (NYSE:SITE) last released 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%. On average, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on SITE. Barclays raised their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research report on Thursday, October 31st. Royal Bank of Canada raised their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $175.00 in a research report on Friday, December 6th. UBS Group decreased their target price 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. Finally, StockNews.com downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $154.56.

About SiteOne Landscape Supply

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.