Alliancebernstein L.P. Sells 671 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Alliancebernstein L.P. cut its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,622 shares of the industrial products company’s stock after selling 671 shares during the quarter. Alliancebernstein L.P.’s holdings in SiteOne Landscape Supply were worth $2,322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of SiteOne Landscape Supply by 52.9% in the 3rd quarter. FMR LLC now owns 5,336 shares of the industrial products company’s stock worth $805,000 after acquiring an additional 1,846 shares during the period. MML Investors Services LLC lifted its position in SiteOne Landscape Supply by 4.1% in the third quarter. MML Investors Services LLC now owns 6,676 shares of the industrial products company’s stock worth $1,007,000 after purchasing an additional 264 shares during the period. Barclays PLC boosted its stake in SiteOne Landscape Supply by 71.2% during the third quarter. Barclays PLC now owns 48,398 shares of the industrial products company’s stock worth $7,304,000 after buying an additional 20,134 shares in the last quarter. Geode Capital Management LLC increased 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 valued at $108,381,000 after buying an additional 3,434 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in SiteOne Landscape Supply by 6.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 14,108 shares of the industrial products company’s stock valued at $2,099,000 after buying an additional 797 shares during the period.

SiteOne Landscape Supply Stock Performance

Shares of NYSE:SITE opened at $109.80 on Thursday. The business has a fifty day moving average of $124.62 and a 200-day moving average of $136.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $166.34. The firm has a market cap of $4.94 billion, a PE ratio of 40.82 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. On average, equities research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analysts Set New Price Targets

SITE has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Loop Capital decreased their price objective 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 dropped their target price 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. Stifel Nicolaus restated a “hold” rating and set a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Finally, Robert W. Baird lowered their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and a consensus price target of $149.70.

SiteOne Landscape Supply Company 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.