Public Employees Retirement System of Ohio Purchases 4,878 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Public Employees Retirement System of Ohio boosted its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,847 shares of the industrial products company's stock after acquiring an additional 4,878 shares during the period. Public Employees Retirement System of Ohio owned 0.12% of SiteOne Landscape Supply worth $6,964,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Arizona State Retirement System raised its stake in SiteOne Landscape Supply by 0.6% in 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 period. HighPoint Advisor Group LLC grew its holdings in SiteOne Landscape Supply by 4.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company's stock valued at $271,000 after buying an additional 78 shares in the last quarter. State of Wyoming grew its holdings in SiteOne Landscape Supply by 6.2% in the 4th quarter. State of Wyoming now owns 1,389 shares of the industrial products company's stock valued at $183,000 after buying an additional 81 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in SiteOne Landscape Supply by 0.7% in the 4th 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 buying an additional 130 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in SiteOne Landscape Supply by 78.9% in the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock valued at $39,000 after buying an additional 131 shares in the last quarter.

SiteOne Landscape Supply Price Performance

Shares of SITE traded down $0.48 during trading hours on Friday, hitting $116.98. 372,742 shares of the company were exchanged, compared to its average volume of 431,760. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 43.49 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $160.75. 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 firm's fifty day moving average is $117.37 and its 200 day moving average is $130.40.

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 for the quarter, missing the consensus estimate of ($0.50) by ($0.11). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The business had revenue of $939.40 million for the quarter, compared to the consensus estimate of $933.90 million. During the same quarter in the prior year, the company earned ($0.43) earnings per share. SiteOne Landscape Supply's quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on SITE shares. Royal Bank of Canada decreased their price objective on SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. Wall Street Zen raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, May 1st. Barclays decreased their price objective on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Truist Financial decreased their price objective on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, UBS Group decreased their price objective on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average 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.