O Shaughnessy Asset Management LLC Grows Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

O Shaughnessy Asset Management LLC lifted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 14.1% during the 4th quarter, HoldingsChannel reports. The fund owned 1,776 shares of the industrial products company’s stock after purchasing an additional 219 shares during the period. O Shaughnessy Asset Management LLC’s holdings in SiteOne Landscape Supply were worth $234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of SiteOne Landscape Supply by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company’s stock worth $548,503,000 after purchasing an additional 49,256 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of SiteOne Landscape Supply by 2.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company’s stock valued at $153,835,000 after acquiring an additional 30,725 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of SiteOne Landscape Supply by 0.5% in the third quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company’s stock worth $108,381,000 after acquiring an additional 3,434 shares during the last quarter. Geneva Capital Management LLC increased its position in shares of SiteOne Landscape Supply by 13.9% during the fourth quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company’s stock worth $93,938,000 after purchasing an additional 86,793 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in SiteOne Landscape Supply by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 552,907 shares of the industrial products company’s stock valued at $72,857,000 after purchasing an additional 14,909 shares during the last quarter.

SiteOne Landscape Supply Stock Up 2.2 %

Shares of NYSE:SITE opened at $113.49 on Monday. The business has a 50-day moving average price of $125.97 and a 200 day moving average price of $136.87. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $171.00. 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 company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 42.19 and a beta of 1.62.

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 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%. Sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SITE. Deutsche Bank Aktiengesellschaft initiated coverage on shares of SiteOne Landscape Supply in a report on Tuesday, April 1st. They set a “hold” rating and a $135.00 target price for the company. Loop Capital lowered their target price on SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, April 4th. Barclays cut their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. 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 report on Thursday, February 13th. Finally, StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Sunday, March 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $149.70.

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.