Public Employees Retirement System of Ohio Raises Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Public Employees Retirement System of Ohio increased its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,847 shares of the industrial products company's stock after purchasing an additional 4,878 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.12% of SiteOne Landscape Supply worth $6,964,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Arizona State Retirement System increased its holdings in SiteOne Landscape Supply by 0.6% in the fourth quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company's stock worth $1,726,000 after purchasing an additional 77 shares in the last quarter. HighPoint Advisor Group LLC boosted its position in SiteOne Landscape Supply by 4.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company's stock worth $271,000 after purchasing an additional 78 shares during the last quarter. State of Wyoming lifted its position in shares of SiteOne Landscape Supply by 6.2% during 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 during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of SiteOne Landscape Supply by 0.7% during 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 during the last quarter. Finally, Tortoise Investment Management LLC lifted its position in shares of SiteOne Landscape Supply by 78.9% during 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 during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st. Loop Capital dropped their price objective on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a report on Friday, April 4th. Stifel Nicolaus dropped their price objective on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a report on Monday, April 28th. Robert W. Baird lowered their target price on 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $145.70.

SiteOne Landscape Supply Stock Performance

Shares of NYSE SITE traded down $0.48 during mid-day trading on Friday, hitting $116.98. The stock had a trading volume of 372,742 shares, compared to its average volume of 432,394. The company has a 50 day moving average of $117.16 and a two-hundred day moving average of $130.01. The firm has a market cap of $5.24 billion, a PE ratio of 43.49 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $160.75.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results 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 company had revenue of $939.40 million for the quarter, compared to analyst estimates of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The company's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.43) earnings per share. Research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS 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.