SiteOne Landscape Supply, Inc. (NYSE:SITE) Stock Holdings Raised by Utah Retirement Systems

Utah Retirement Systems raised its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) by 4.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,400 shares of the industrial products company’s stock after purchasing an additional 100 shares during the period. Utah Retirement Systems’ holdings in SiteOne Landscape Supply were worth $250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SITE. Raymond James Financial Services Advisors Inc. increased its position in shares of SiteOne Landscape Supply by 15.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,436 shares of the industrial products company’s stock worth $717,000 after purchasing an additional 593 shares during the last quarter. Cetera Advisor Networks LLC increased its position in shares of SiteOne Landscape Supply by 186.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 2,525 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 1,643 shares during the last quarter. Citigroup Inc. increased its position in shares of SiteOne Landscape Supply by 14.8% in the 1st quarter. Citigroup Inc. now owns 10,831 shares of the industrial products company’s stock worth $1,751,000 after purchasing an additional 1,398 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of SiteOne Landscape Supply in the 1st quarter worth about $410,000. Finally, MetLife Investment Management LLC bought a new stake in shares of SiteOne Landscape Supply in the 1st quarter worth about $309,000.

Wall Street Analyst Weigh In

SITE has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of SiteOne Landscape Supply from $126.00 to $163.00 in a research report on Thursday, February 16th. TheStreet raised shares of SiteOne Landscape Supply from a “c+” rating to a “b-” rating in a research report on Tuesday, January 24th. Royal Bank of Canada boosted their price objective on shares of SiteOne Landscape Supply from $119.00 to $135.00 and gave the company a “sector perform” rating in a research report on Thursday, February 16th. Stifel Nicolaus boosted their price objective on shares of SiteOne Landscape Supply from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, February 14th. Finally, Credit Suisse Group boosted their price objective on shares of SiteOne Landscape Supply from $127.00 to $157.00 and gave the company a “hold” rating in a research 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $151.70.

SiteOne Landscape Supply Trading Up 0.3 %

SiteOne Landscape Supply stock opened at $136.00 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 2.36 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $142.79 and a two-hundred day moving average price of $125.76. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 25.42 and a beta of 1.44. SiteOne Landscape Supply, Inc. has a 52-week low of $97.36 and a 52-week high of $184.19.

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

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.