Barclays PLC Reduces Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Barclays PLC reduced its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 38.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 29,768 shares of the industrial products company's stock after selling 18,630 shares during the period. Barclays PLC owned about 0.07% of SiteOne Landscape Supply worth $3,923,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SITE. Rockefeller Capital Management L.P. raised its holdings in SiteOne Landscape Supply by 77.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 56,020 shares of the industrial products company's stock valued at $7,382,000 after acquiring an additional 24,407 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of SiteOne Landscape Supply by 42.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,954 shares of the industrial products company's stock valued at $257,000 after acquiring an additional 583 shares in the last quarter. Zuckerman Investment Group LLC acquired a new position in SiteOne Landscape Supply in the 4th quarter worth about $6,971,000. Treasurer of the State of North Carolina boosted its stake in shares of SiteOne Landscape Supply by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 19,611 shares of the industrial products company's stock valued at $2,584,000 after purchasing an additional 130 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of SiteOne Landscape Supply in the fourth quarter valued at approximately $40,676,000.

SiteOne Landscape Supply Stock Up 1.6 %

SiteOne Landscape Supply stock traded up $1.85 during midday trading on Friday, hitting $118.76. 164,463 shares of the stock were exchanged, compared to its average volume of 415,988. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $161.25. The business's 50-day moving average price is $119.11 and its 200-day moving average price is $133.83. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 44.16 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share 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 return on equity of 7.93% and a net margin of 2.72%. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.43) EPS. On average, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Robert W. Baird dropped 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 note on Thursday, February 13th. Barclays lowered their target price on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. UBS Group dropped their price objective on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Truist Financial lowered their target price on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of SiteOne Landscape Supply in a research note on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, SiteOne Landscape Supply presently has an average rating of "Hold" and a consensus price target of $145.70.

About SiteOne Landscape Supply

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.