Public Employees Retirement System of Ohio Decreases Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Public Employees Retirement System of Ohio trimmed its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 8.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,115 shares of the industrial products company’s stock after selling 4,494 shares during the period. Public Employees Retirement System of Ohio owned 0.11% of SiteOne Landscape Supply worth $8,748,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in shares of SiteOne Landscape Supply by 55.4% in the fourth quarter. SG Americas Securities LLC now owns 1,698 shares of the industrial products company’s stock worth $276,000 after buying an additional 605 shares in the last quarter. Fenimore Asset Management Inc. increased its position in SiteOne Landscape Supply by 13.9% during the fourth quarter. Fenimore Asset Management Inc. now owns 112,831 shares of the industrial products company’s stock worth $18,335,000 after purchasing an additional 13,800 shares during the last quarter. International Assets Investment Management LLC increased its position in SiteOne Landscape Supply by 14,782.5% during the fourth quarter. International Assets Investment Management LLC now owns 90,188 shares of the industrial products company’s stock worth $14,656,000 after purchasing an additional 89,582 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in SiteOne Landscape Supply by 100.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 255,922 shares of the industrial products company’s stock worth $41,587,000 after purchasing an additional 128,076 shares during the last quarter. Finally, Equitable Trust Co. increased its position in SiteOne Landscape Supply by 10.1% during the fourth quarter. Equitable Trust Co. now owns 3,455 shares of the industrial products company’s stock worth $561,000 after purchasing an additional 317 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SITE. Truist Financial cut their price objective on shares of SiteOne Landscape Supply from $175.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Robert W. Baird cut their target price on shares of SiteOne Landscape Supply from $185.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Loop Capital cut their target price on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, June 13th. Jefferies Financial Group lowered their price target on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Finally, Barclays lowered their price target on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating for the company in a report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, SiteOne Landscape Supply has a consensus rating of “Hold” and an average target price of $147.11.

SiteOne Landscape Supply Stock Performance

NYSE:SITE traded down $3.32 during trading hours on Monday, reaching $142.18. 906,598 shares of the company’s stock were exchanged, compared to its average volume of 374,042. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 42.17 and a beta of 1.52. The company has a 50-day moving average of $134.87 and a 200 day moving average of $154.08. The company has a quick ratio of 0.96, a current ratio of 2.36 and a debt-to-equity ratio of 0.35. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.22). The firm had revenue of $904.80 million for the quarter, compared to analysts’ expectations of $864.01 million. SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) EPS. Research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.65 EPS for the current year.

About SiteOne Landscape Supply

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.