Rhumbline Advisers Grows Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Rhumbline Advisers lifted its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,037 shares of the industrial products company's stock after acquiring an additional 2,635 shares during the period. Rhumbline Advisers owned 0.11% of SiteOne Landscape Supply worth $6,076,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of SiteOne Landscape Supply by 10.5% in the 4th quarter. US Bancorp DE now owns 6,717 shares of the industrial products company's stock valued at $885,000 after acquiring an additional 638 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of SiteOne Landscape Supply by 11.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company's stock valued at $197,000 after acquiring an additional 156 shares during the last quarter. Centiva Capital LP bought a new position in shares of SiteOne Landscape Supply in the 4th quarter valued at about $807,000. Artisan Partners Limited Partnership lifted its holdings in shares of SiteOne Landscape Supply by 137.2% in the 4th quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company's stock valued at $48,510,000 after acquiring an additional 212,907 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of SiteOne Landscape Supply by 164.6% in the 4th quarter. BNP Paribas Financial Markets now owns 25,945 shares of the industrial products company's stock valued at $3,419,000 after acquiring an additional 16,140 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays lowered their price target on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft started 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. Loop Capital decreased their price objective on shares of 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. Stifel Nicolaus decreased their price objective on shares of 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. Finally, Wall Street Zen raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $145.70.

SiteOne Landscape Supply Trading Down 3.8%

Shares of SiteOne Landscape Supply stock traded down $4.70 on Friday, hitting $118.58. 286,747 shares of the company traded hands, compared to its average volume of 429,302. The stock's 50 day moving average price is $117.90 and its 200-day moving average price is $128.61. 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, Inc. has a 52 week low of $101.25 and a 52 week high of $160.75. The company has a market cap of $5.31 billion, a PE ratio of 44.08 and a beta of 1.56.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly 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). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. The company had revenue of $939.40 million for the quarter, compared to the consensus estimate of $933.90 million. During the same period in the prior year, the firm posted ($0.43) EPS. The business's revenue was up 3.8% on a year-over-year basis. Equities research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current 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.