BlackRock Inc. Sells 256,698 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

BlackRock Inc. decreased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) by 9.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,543,158 shares of the industrial products company’s stock after selling 256,698 shares during the period. BlackRock Inc. owned 5.64% of SiteOne Landscape Supply worth $264,843,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SITE. New Millennium Group LLC purchased a new stake in SiteOne Landscape Supply during the 2nd quarter valued at about $29,000. Eagle Bay Advisors LLC purchased a new stake in shares of SiteOne Landscape Supply during the second quarter valued at approximately $29,000. Covestor Ltd increased its position in shares of SiteOne Landscape Supply by 113.5% during the first quarter. Covestor Ltd now owns 331 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 176 shares in the last quarter. Lazard Asset Management LLC purchased a new position in SiteOne Landscape Supply in the 2nd quarter worth approximately $141,000. Finally, Guggenheim Capital LLC lifted its position in SiteOne Landscape Supply by 12.7% in the 1st quarter. Guggenheim Capital LLC now owns 1,245 shares of the industrial products company’s stock valued at $201,000 after acquiring an additional 140 shares in the last quarter.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $135.60 on Monday. The company has a market capitalization of $6.10 billion, a P/E ratio of 25.35 and a beta of 1.44. SiteOne Landscape Supply, Inc. has a 1-year low of $97.36 and a 1-year high of $184.19. The firm’s 50 day simple moving average is $142.42 and its two-hundred day simple moving average is $125.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.36 and a quick ratio of 0.99.

SiteOne Landscape Supply (NYSE:SITE – Get Rating) last released its earnings results on Wednesday, February 15th. The industrial products company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15). SiteOne Landscape Supply had a net margin of 6.11% and a return on equity of 19.75%. The firm had revenue of $890.00 million for the quarter, compared to analysts’ expectations of $895.05 million. During the same quarter last year, the firm posted $0.60 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. Research analysts expect that SiteOne Landscape Supply, Inc. will post 4.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Jefferies Financial Group lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $170.00 target price for the company. in a report on Thursday, February 16th. TheStreet raised SiteOne Landscape Supply from a “c+” rating to a “b-” rating in a research report on Tuesday, January 24th. Stifel Nicolaus raised their price target on shares of SiteOne Landscape Supply from $110.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, February 14th. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Saturday, March 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on SiteOne Landscape Supply from $126.00 to $163.00 in a report on Thursday, February 16th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $151.70.

SiteOne Landscape Supply Profile

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SiteOne Landscape Supply, Inc engages in the distribution of landscape supplies and residential. Its products include hardscapes, landscape accessories, nursery goods, outdoor lighting, and ice melt products to green industry professionals. The company was founded in 2001 and is headquartered in Roswell, GA.