Signaturefd LLC Sells 163 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Signaturefd LLC reduced its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 40.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 240 shares of the industrial products company’s stock after selling 163 shares during the quarter. Signaturefd LLC’s holdings in SiteOne Landscape Supply were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SITE. Pathstone Holdings LLC lifted its stake in SiteOne Landscape Supply by 12.9% during the 3rd quarter. Pathstone Holdings LLC now owns 16,761 shares of the industrial products company’s stock valued at $2,529,000 after acquiring an additional 1,914 shares during the period. Charles Schwab Investment Management Inc. lifted its position in SiteOne Landscape Supply by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 537,998 shares of the industrial products company’s stock valued at $81,189,000 after purchasing an additional 20,357 shares during the period. Raymond James Trust N.A. boosted its holdings in SiteOne Landscape Supply by 16.9% in the third quarter. Raymond James Trust N.A. now owns 3,312 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 479 shares during the last quarter. Cerity Partners LLC boosted its holdings in SiteOne Landscape Supply by 43.4% in the third quarter. Cerity Partners LLC now owns 19,394 shares of the industrial products company’s stock worth $2,927,000 after purchasing an additional 5,869 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in SiteOne Landscape Supply by 14.8% during the 3rd quarter. Fisher Asset Management LLC now owns 74,879 shares of the industrial products company’s stock valued at $11,300,000 after buying an additional 9,675 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently commented on SITE shares. Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $145.00 to $175.00 in a report on Friday, December 6th. Robert W. Baird reduced their price target on shares of 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. Royal Bank of Canada raised their price objective on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. UBS Group reduced 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 report on Thursday, February 13th. Finally, StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Sunday, March 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $154.56.

SiteOne Landscape Supply Stock Performance

Shares of NYSE SITE opened at $127.82 on Wednesday. The stock has a market cap of $5.75 billion, a PE ratio of 47.52 and a beta of 1.69. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $183.86. The firm has a fifty day moving average price of $134.14 and a 200-day moving average price of $139.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results 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 return on equity of 7.93% and a net margin of 2.72%. Equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal 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.