Swiss National Bank Purchases 500 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Swiss National Bank lifted its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,800 shares of the industrial products company’s stock after purchasing an additional 500 shares during the quarter. Swiss National Bank owned about 0.20% of SiteOne Landscape Supply worth $11,701,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its position 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 worth $780,000 after acquiring an additional 77 shares in the last quarter. Arizona State Retirement System grew its position in SiteOne Landscape Supply by 0.6% in the fourth quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company’s stock worth $1,726,000 after acquiring an additional 77 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position 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 acquiring an additional 100 shares in the last quarter. Glenmede Trust Co. NA grew its position in SiteOne Landscape Supply by 2.3% in the third quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company’s stock worth $797,000 after acquiring an additional 119 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its position 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 worth $39,000 after acquiring an additional 131 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently commented on SITE shares. Royal Bank of Canada lifted their price target 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. Stifel Nicolaus restated a “hold” rating and set a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday, March 16th. Robert W. Baird dropped their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Finally, UBS Group dropped their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $154.56.

SiteOne Landscape Supply Stock Down 0.5 %

Shares of NYSE SITE opened at $122.00 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. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 45.35 and a beta of 1.69. The stock has a 50 day moving average price of $134.49 and a 200 day moving average price of $139.95. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. Sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current 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.