OneDigital Investment Advisors LLC Decreases Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

OneDigital Investment Advisors LLC decreased its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 16.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,535 shares of the industrial products company’s stock after selling 306 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in SiteOne Landscape Supply were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Tidal Investments LLC increased its stake in shares of SiteOne Landscape Supply by 1.5% during the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock worth $780,000 after buying an additional 77 shares during the period. Arizona State Retirement System raised its holdings in shares of SiteOne Landscape Supply by 0.6% in 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 lifted its position in shares of SiteOne Landscape Supply by 4.0% during the 4th 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 last quarter. Treasurer of the State of North Carolina grew its stake in shares of SiteOne Landscape Supply by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 19,611 shares of the industrial products company’s stock worth $2,584,000 after purchasing an additional 130 shares in the last quarter. Finally, Tortoise Investment Management LLC increased 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 last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SITE shares. Stifel Nicolaus lowered their price objective on SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating for the company in a research report on Monday. Royal Bank of Canada increased 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 note on Thursday, February 13th. Barclays reduced their price objective on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. Robert W. Baird dropped their target price 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. Finally, Loop Capital reduced 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 report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $148.30.

SiteOne Landscape Supply Stock Down 1.4 %

SiteOne Landscape Supply stock opened at $113.39 on Wednesday. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 42.15 and a beta of 1.62. 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 stock has a 50 day moving average of $119.81 and a two-hundred day moving average of $134.17. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $161.25.

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 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%. As a group, research analysts expect 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.