Janus Henderson Group PLC Buys 2,379 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Janus Henderson Group PLC boosted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,163 shares of the industrial products company's stock after buying an additional 2,379 shares during the quarter. Janus Henderson Group PLC owned approximately 0.12% of SiteOne Landscape Supply worth $6,868,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of SiteOne Landscape Supply by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock valued at $548,503,000 after buying an additional 49,256 shares in the last quarter. Wasatch Advisors LP raised its stake in SiteOne Landscape Supply by 9.7% during the 4th quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company's stock worth $228,107,000 after acquiring an additional 153,447 shares during the period. Bamco Inc. NY lifted its holdings in SiteOne Landscape Supply by 4.6% during the fourth quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company's stock valued at $217,786,000 after purchasing an additional 72,430 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in SiteOne Landscape Supply by 6.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company's stock valued at $210,570,000 after purchasing an additional 91,719 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its position in shares of SiteOne Landscape Supply by 2.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company's stock worth $153,835,000 after purchasing an additional 30,725 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SITE. Deutsche Bank Aktiengesellschaft initiated coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price objective on the stock. Stifel Nicolaus cut their price target on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Truist Financial lowered their price objective on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a research report 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 research note on Friday, April 4th. Finally, StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $145.70.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE traded down $1.55 during mid-day trading on Tuesday, reaching $121.77. The stock had a trading volume of 278,526 shares, compared to its average volume of 427,867. The business's 50 day moving average price is $118.30 and its 200 day moving average price is $131.96. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $160.75. The company has a market cap of $5.46 billion, a P/E ratio of 45.27 and a beta of 1.62. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share (EPS) 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 firm had revenue of $939.40 million for the quarter, compared to analysts' expectations of $933.90 million. During the same period last year, the company earned ($0.43) earnings per share. The firm's revenue was up 3.8% on a year-over-year basis. Research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

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.