UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $20.28 Million Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 153,907 shares of the industrial products company's stock after purchasing an additional 13,374 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.34% of SiteOne Landscape Supply worth $20,280,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SITE. Tortoise Investment Management LLC boosted its position in shares of SiteOne Landscape Supply by 78.9% in the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 131 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at approximately $40,000. Brown Brothers Harriman & Co. boosted its position in shares of SiteOne Landscape Supply by 395.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 273 shares during the period. State of Wyoming boosted 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 acquiring an additional 81 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of SiteOne Landscape Supply by 11.6% in the fourth 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 period.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock traded down $0.48 during mid-day trading 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 quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $117.37 and a 200 day moving average of $130.40. 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 capitalization of $5.24 billion, a PE ratio of 43.49 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released 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 company had revenue of $939.40 million for the quarter, compared to analyst estimates of $933.90 million. During the same quarter in the prior year, the company earned ($0.43) earnings per share. The business's revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Royal Bank of Canada cut their target price on SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. Stifel Nicolaus cut their target price 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. UBS Group cut their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Finally, Loop Capital cut their target price 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. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $145.70.

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.