New York State Common Retirement Fund Acquires 10,842 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

New York State Common Retirement Fund increased its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,237 shares of the industrial products company’s stock after acquiring an additional 10,842 shares during the quarter. New York State Common Retirement Fund owned 0.20% of SiteOne Landscape Supply worth $12,022,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SITE. Tidal Investments LLC boosted its holdings in SiteOne Landscape Supply by 1.5% in the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock worth $780,000 after acquiring an additional 77 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings 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 purchasing an additional 100 shares in the last quarter. Arkadios Wealth Advisors grew its position in SiteOne Landscape Supply by 6.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 106 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in SiteOne Landscape Supply by 5.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,131 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 113 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its holdings in SiteOne Landscape Supply by 2.3% during the third quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company’s stock worth $797,000 after buying an additional 119 shares during the last quarter.

SiteOne Landscape Supply Stock Down 2.1 %

Shares of NYSE:SITE opened at $131.79 on Tuesday. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01. The company has a market capitalization of $5.93 billion, a PE ratio of 48.99 and a beta of 1.57. The business has a fifty day moving average price of $137.34 and a two-hundred day moving average price of $141.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results 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%. Analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Royal Bank of Canada lifted their price target on 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. StockNews.com downgraded SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their target price for the company from $145.00 to $175.00 in a report on Friday, December 6th. Finally, Robert W. Baird decreased their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $154.56.

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.