Mitsubishi UFJ Trust & Banking Corp Has $9.38 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,153 shares of the industrial products company’s stock after selling 4,903 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.16% of SiteOne Landscape Supply worth $9,376,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. lifted its position in shares of SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 100 shares during the period. Trust Co. of Vermont raised its stake in shares of SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Tortoise Investment Management LLC lifted its position in SiteOne Landscape Supply by 78.9% in the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 131 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in SiteOne Landscape Supply during the third quarter worth $71,000. Finally, Jones Financial Companies Lllp increased its holdings in SiteOne Landscape Supply by 11.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock valued at $197,000 after buying an additional 156 shares during the period.

Analyst Upgrades and Downgrades

SITE has been the topic of a number of analyst reports. Royal Bank of Canada upped 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 note on Thursday, February 13th. Stifel Nicolaus reissued a “hold” rating and issued a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday, March 16th. 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. Finally, Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price objective for the company from $145.00 to $175.00 in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $154.56.

SiteOne Landscape Supply Stock Down 3.5 %

Shares of NYSE SITE opened at $121.93 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 45.33 and a beta of 1.69. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $181.81. The firm’s 50-day simple moving average is $133.25 and its 200 day simple moving average is $139.56.

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

SiteOne Landscape Supply 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.