SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 11.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 58,515 shares of the industrial products company’s stock after selling 7,223 shares during the period. Legal & General Group Plc owned approximately 0.13% of SiteOne Landscape Supply worth $7,711,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Tidal Investments LLC raised its holdings in SiteOne Landscape Supply by 1.5% during the 3rd quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock worth $780,000 after purchasing an additional 77 shares during the last quarter. Arizona State Retirement System increased its position in shares of SiteOne Landscape Supply by 0.6% during the fourth quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company’s stock worth $1,726,000 after buying an additional 77 shares during the period. HighPoint Advisor Group LLC raised 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 buying an additional 78 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings 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. Finally, Jones Financial Companies Lllp boosted its position in SiteOne Landscape Supply by 11.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock valued at $197,000 after acquiring an additional 156 shares during the last quarter.

Analyst Upgrades and Downgrades

SITE has been the topic of a number of recent analyst reports. Barclays dropped their price objective on SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird lowered their target price on 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. Royal Bank of Canada lifted their price target 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. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday, March 16th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. One investment 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, the stock currently has an average rating of “Hold” and a consensus target price of $149.70.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock opened at $112.07 on Friday. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $166.34. The company’s 50 day moving average price is $123.76 and its two-hundred day moving average price is $135.75. The stock has a market cap of $5.04 billion, a P/E ratio of 41.66 and a beta of 1.62. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. On average, equities analysts predict 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.