US Bancorp DE Acquires 638 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

US Bancorp DE increased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,717 shares of the industrial products company’s stock after acquiring an additional 638 shares during the period. US Bancorp DE’s holdings in SiteOne Landscape Supply were worth $885,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its holdings in shares of SiteOne Landscape Supply by 90.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Trust Co. of Vermont increased its stake in SiteOne Landscape Supply by 657.9% during the 4th 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. Wilmington Savings Fund Society FSB bought a new stake in shares of SiteOne Landscape Supply in the 3rd quarter worth $71,000. CIBC Asset Management Inc bought a new position in SiteOne Landscape Supply during the 3rd quarter valued at about $200,000. Finally, Marco Investment Management LLC purchased a new stake in SiteOne Landscape Supply during the 3rd quarter valued at $201,000.

SiteOne Landscape Supply Stock Up 2.9 %

Shares of NYSE:SITE opened at $128.79 on Monday. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 47.88 and a beta of 1.69. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $135.79 and a 200 day moving average price of $141.07.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on SITE shares. UBS Group reduced their price target on shares of 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. Robert W. Baird decreased their price objective on shares of 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. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their target price for the stock from $145.00 to $175.00 in a report on Friday, December 6th. Stifel Nicolaus reissued a “hold” rating and set a $140.00 price target (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Finally, Royal Bank of Canada upped their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $154.56.

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.