SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Bought by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership increased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 137.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 368,142 shares of the industrial products company’s stock after buying an additional 212,907 shares during the period. Artisan Partners Limited Partnership’s holdings in SiteOne Landscape Supply were worth $48,510,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SITE. EFG Asset Management North America Corp. increased its position in SiteOne Landscape Supply by 58.3% in the fourth quarter. EFG Asset Management North America Corp. now owns 20,658 shares of the industrial products company’s stock worth $2,719,000 after buying an additional 7,605 shares during the period. Summit Creek Advisors LLC increased its holdings in shares of SiteOne Landscape Supply by 0.3% in the 4th quarter. Summit Creek Advisors LLC now owns 67,813 shares of the industrial products company’s stock worth $8,936,000 after acquiring an additional 200 shares during the period. Vanguard Group Inc. lifted its position in SiteOne Landscape Supply by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company’s stock valued at $548,503,000 after purchasing an additional 49,256 shares during the last quarter. Bridge City Capital LLC boosted its stake in SiteOne Landscape Supply by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 26,820 shares of the industrial products company’s stock valued at $3,534,000 after purchasing an additional 240 shares during the period. Finally, LPL Financial LLC grew its position in SiteOne Landscape Supply by 28.2% in the 4th quarter. LPL Financial LLC now owns 26,928 shares of the industrial products company’s stock worth $3,548,000 after purchasing an additional 5,930 shares during the last quarter.

Analyst Upgrades and Downgrades

SITE has been the topic of a number of recent analyst reports. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Sunday, March 16th. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price target for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. UBS Group cut their price target on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Robert W. Baird dropped their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Finally, 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 note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, SiteOne Landscape Supply presently has an average rating of “Hold” and an average price target of $154.56.

SiteOne Landscape Supply Trading Down 3.5 %

NYSE:SITE opened at $121.93 on Friday. The stock has a market cap of $5.48 billion, a PE ratio of 45.33 and a beta of 1.69. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $181.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The stock’s 50-day moving average is $133.25 and its two-hundred day moving average is $139.51.

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 (EPS) 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%. As a group, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

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.