Treasurer of the State of North Carolina Boosts Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Treasurer of the State of North Carolina lifted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 19,611 shares of the industrial products company’s stock after buying an additional 130 shares during the period. Treasurer of the State of North Carolina’s holdings in SiteOne Landscape Supply were worth $2,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SITE. FMR LLC lifted its position in SiteOne Landscape Supply by 52.9% in the third quarter. FMR LLC now owns 5,336 shares of the industrial products company’s stock valued at $805,000 after purchasing an additional 1,846 shares during the last quarter. MML Investors Services LLC boosted its position in SiteOne Landscape Supply by 4.1% during the 3rd quarter. MML Investors Services LLC now owns 6,676 shares of the industrial products company’s stock valued at $1,007,000 after buying an additional 264 shares during the period. Barclays PLC boosted its position in SiteOne Landscape Supply by 71.2% during the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company’s stock valued at $7,304,000 after buying an additional 20,134 shares during the period. Geode Capital Management LLC grew its holdings in SiteOne Landscape Supply by 0.5% in the 3rd 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. Finally, Sanctuary Advisors LLC increased its position in shares of SiteOne Landscape Supply by 6.0% in the third quarter. Sanctuary Advisors LLC now owns 14,108 shares of the industrial products company’s stock valued at $2,099,000 after acquiring an additional 797 shares during the period.

Analyst Upgrades and Downgrades

SITE has been the topic of several recent analyst reports. Loop Capital cut their target price on SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. Royal Bank of Canada upped their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Barclays cut their price target on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a “hold” rating and a $135.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $149.70.

SiteOne Landscape Supply Stock Down 3.6 %

Shares of SiteOne Landscape Supply stock opened at $109.80 on Thursday. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $166.34. 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 company has a 50-day moving average of $124.62 and a 200 day moving average of $136.28. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 40.82 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results 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, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal 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.