Wells Fargo & Company MN Lowers Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Wells Fargo & Company MN trimmed its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 460,907 shares of the industrial products company’s stock after selling 10,858 shares during the period. Wells Fargo & Company MN owned 1.02% of SiteOne Landscape Supply worth $60,734,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of SiteOne Landscape Supply by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company’s stock valued at $548,503,000 after purchasing an additional 49,256 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in SiteOne Landscape Supply by 2.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company’s stock valued at $153,835,000 after buying an additional 30,725 shares in the last quarter. Geode Capital Management LLC raised its stake in SiteOne Landscape Supply by 0.5% during the third 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 last quarter. Geneva Capital Management LLC boosted its holdings in SiteOne Landscape Supply by 13.9% in the fourth quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company’s stock worth $93,938,000 after acquiring an additional 86,793 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in SiteOne Landscape Supply by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 552,907 shares of the industrial products company’s stock worth $72,857,000 after acquiring an additional 14,909 shares in the last quarter.

SiteOne Landscape Supply Stock Down 4.5 %

SITE stock opened at $104.65 on Wednesday. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 38.90 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 moving average is $128.09 and its two-hundred day moving average is $137.88. SiteOne Landscape Supply, Inc. has a fifty-two week low of $103.70 and a fifty-two week high of $181.81.

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 (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%. As a group, analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SITE. UBS Group lowered their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Robert W. Baird reduced their price target 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. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday, March 16th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on SiteOne Landscape Supply in a report on Tuesday, April 1st. They issued a “hold” rating and a $135.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, SiteOne Landscape Supply has a consensus rating of “Hold” and a consensus target price 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.