Jones Financial Companies Lllp Grows Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Jones Financial Companies Lllp grew its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,498 shares of the industrial products company’s stock after acquiring an additional 156 shares during the period. Jones Financial Companies Lllp’s holdings in SiteOne Landscape Supply were worth $197,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SITE. Wasatch Advisors LP boosted its holdings in shares of SiteOne Landscape Supply by 11.4% in the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock valued at $238,083,000 after acquiring an additional 161,846 shares during the last quarter. Bamco Inc. NY boosted its holdings in shares of SiteOne Landscape Supply by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock valued at $238,489,000 after acquiring an additional 129,252 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of SiteOne Landscape Supply by 593.6% in the 4th quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company’s stock valued at $17,242,000 after acquiring an additional 112,385 shares during the last quarter. Premier Fund Managers Ltd boosted its holdings in shares of SiteOne Landscape Supply by 14.1% in the 3rd quarter. Premier Fund Managers Ltd now owns 405,738 shares of the industrial products company’s stock valued at $61,415,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of SiteOne Landscape Supply by 30.4% in the 4th quarter. Handelsbanken Fonder AB now owns 213,137 shares of the industrial products company’s stock valued at $28,085,000 after acquiring an additional 49,700 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SITE. Royal Bank of Canada increased their price target on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Robert W. Baird lowered their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price target for the stock from $145.00 to $175.00 in a report on Friday, December 6th. UBS Group lowered their price target on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, StockNews.com downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $154.56.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $120.37 on Friday. 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 company has a fifty day moving average of $135.21 and a two-hundred day moving average of $140.59. The stock has a market capitalization of $5.41 billion, a PE ratio of 44.75 and a beta of 1.69. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $188.01.

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 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, research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

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.