Northern Trust Corp Raises Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Northern Trust Corp grew its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 302,456 shares of the industrial products company’s stock after buying an additional 40,712 shares during the period. Northern Trust Corp’s holdings in SiteOne Landscape Supply were worth $39,855,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in SiteOne Landscape Supply during the fourth quarter valued at about $40,676,000. Artisan Partners Limited Partnership boosted its holdings in shares of SiteOne Landscape Supply by 137.2% in the 4th quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company’s stock worth $48,510,000 after purchasing an additional 212,907 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in SiteOne Landscape Supply by 320.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 226,300 shares of the industrial products company’s stock worth $29,713,000 after buying an additional 172,500 shares during the period. Wasatch Advisors LP raised its position in SiteOne Landscape Supply by 9.7% in the 4th quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company’s stock worth $228,107,000 after purchasing an additional 153,447 shares during the period. Finally, WCM Investment Management LLC lifted its stake in shares of SiteOne Landscape Supply by 593.6% during the 4th quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company’s stock worth $17,242,000 after acquiring an additional 112,385 shares during the last quarter.

SiteOne Landscape Supply Stock Down 0.6 %

SiteOne Landscape Supply stock opened at $120.69 on Friday. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $161.25. The company has a market cap of $5.41 billion, a PE ratio of 44.87 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The business’s 50-day simple moving average is $118.34 and its two-hundred day simple moving average is $132.84.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.11). The business had revenue of $939.40 million during the quarter, compared to analysts’ expectations of $933.90 million. SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned ($0.43) earnings per share. Equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank of Canada dropped their target price on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 1st. Loop Capital dropped their price objective on SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, April 4th. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, May 1st. Stifel Nicolaus cut their price objective on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. Finally, Robert W. Baird decreased their target price on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $145.70.

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.