Arizona State Retirement System Purchases 497 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Arizona State Retirement System increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,707 shares of the industrial products company’s stock after buying an additional 497 shares during the quarter. Arizona State Retirement System’s holdings in SiteOne Landscape Supply were worth $1,491,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Eaton Vance Management grew its holdings in shares of SiteOne Landscape Supply by 0.9% during the third quarter. Eaton Vance Management now owns 9,394 shares of the industrial products company’s stock worth $979,000 after buying an additional 84 shares in the last quarter. First Republic Investment Management Inc. grew its holdings in shares of SiteOne Landscape Supply by 0.8% during the first quarter. First Republic Investment Management Inc. now owns 10,557 shares of the industrial products company’s stock worth $1,707,000 after buying an additional 88 shares in the last quarter. Utah Retirement Systems grew its holdings in shares of SiteOne Landscape Supply by 4.3% during the third quarter. Utah Retirement Systems now owns 2,400 shares of the industrial products company’s stock worth $250,000 after buying an additional 100 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of SiteOne Landscape Supply by 21.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 667 shares of the industrial products company’s stock worth $78,000 after buying an additional 117 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in SiteOne Landscape Supply by 9.9% in the third quarter. Van ECK Associates Corp now owns 1,340 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 121 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have weighed in on SITE shares. Loop Capital raised their price target on SiteOne Landscape Supply from $155.00 to $175.00 in a research note on Thursday, May 4th. Stifel Nicolaus raised their price target on SiteOne Landscape Supply from $125.00 to $140.00 in a research note on Monday. StockNews.com downgraded SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet upgraded SiteOne Landscape Supply from a “c+” rating to a “b-” rating in a research note on Tuesday, January 24th. Finally, Truist Financial raised their price target on SiteOne Landscape Supply from $127.00 to $157.00 and gave the company a “hold” rating in a research note on Thursday, February 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus price target of $155.40.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $148.09 on Friday. The stock has a market cap of $6.66 billion, a P/E ratio of 32.55 and a beta of 1.45. The stock has a 50 day simple moving average of $139.59 and a 200 day simple moving average of $133.28. The company has a current ratio of 2.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. SiteOne Landscape Supply, Inc. has a 1-year low of $97.36 and a 1-year high of $165.32.

SiteOne Landscape Supply (NYSE:SITE – Get Rating) last released its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.32). The firm had revenue of $837.20 million for the quarter, compared to analyst estimates of $789.80 million. SiteOne Landscape Supply had a return on equity of 16.13% and a net margin of 5.15%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 earnings per share. Research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.92 earnings per share for the current year.

About SiteOne Landscape Supply

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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.