Allspring Global Investments Holdings LLC Has $44.22 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Allspring Global Investments Holdings LLC cut its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 4.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 368,241 shares of the industrial products company's stock after selling 16,167 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.82% of SiteOne Landscape Supply worth $44,222,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System increased its holdings in shares of SiteOne Landscape Supply by 0.6% during the 4th quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company's stock valued at $1,726,000 after acquiring an additional 77 shares during the last quarter. HighPoint Advisor Group LLC grew its holdings in SiteOne Landscape Supply by 4.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company's stock valued at $271,000 after purchasing an additional 78 shares during the last quarter. State of Wyoming raised its position in shares of SiteOne Landscape Supply by 6.2% in the fourth quarter. State of Wyoming now owns 1,389 shares of the industrial products company's stock valued at $183,000 after purchasing an additional 81 shares during the period. GAMMA Investing LLC lifted its stake in shares of SiteOne Landscape Supply by 24.3% in the first quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company's stock worth $59,000 after buying an additional 95 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of SiteOne Landscape Supply by 0.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 19,611 shares of the industrial products company's stock worth $2,584,000 after buying an additional 130 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently commented on SITE. Loop Capital dropped their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, April 4th. Royal Bank Of Canada cut their price objective on SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Truist Financial decreased their target price on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Barclays dropped their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on SiteOne Landscape Supply in a report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price target for the company. One investment 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. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $145.70.

SiteOne Landscape Supply Stock Performance

Shares of NYSE SITE traded up $0.75 during trading hours on Thursday, reaching $129.74. The stock had a trading volume of 415,121 shares, compared to its average volume of 429,956. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 51.69, a PEG ratio of 2.07 and a beta of 1.55. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $160.75. The business's fifty day moving average is $120.07 and its two-hundred day moving average is $126.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.36 and a quick ratio of 0.97.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). The business had revenue of $939.40 million during the quarter, compared to analyst estimates of $933.90 million. SiteOne Landscape Supply had a net margin of 2.53% and a return on equity of 7.31%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.43) EPS. As a group, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

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.