Northern Trust Corp Has $39.86 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Northern Trust Corp boosted its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 15.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 302,456 shares of the industrial products company's stock after acquiring an additional 40,712 shares during the quarter. Northern Trust Corp owned 0.67% of SiteOne Landscape Supply worth $39,855,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SITE. Tidal Investments LLC increased its holdings in shares of SiteOne Landscape Supply by 1.5% during the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company's stock worth $780,000 after buying an additional 77 shares in the last quarter. Arizona State Retirement System grew its position in SiteOne Landscape Supply by 0.6% during the 4th quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company's stock worth $1,726,000 after acquiring an additional 77 shares during the last quarter. HighPoint Advisor Group LLC increased 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 worth $271,000 after purchasing an additional 78 shares in the last quarter. Treasurer of the State of North Carolina raised its position in SiteOne Landscape Supply by 0.7% in the fourth 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 purchasing an additional 130 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its position in 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 purchasing an additional 131 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SITE. Stifel Nicolaus lowered their price objective 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. StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Robert W. Baird dropped their price target on shares of 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. UBS Group reduced their price objective on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on SiteOne Landscape Supply in a report on Tuesday, April 1st. They issued 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 given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $145.70.

SiteOne Landscape Supply Trading Down 0.3%

SITE traded down $0.35 during trading on Thursday, hitting $124.07. The company's stock had a trading volume of 126,521 shares, compared to its average volume of 503,474. The firm has a market capitalization of $5.56 billion, a P/E ratio of 46.12 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $160.74. 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 stock's fifty day moving average price is $118.44 and its 200-day moving average price is $132.59.

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 (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 the consensus estimate of $933.90 million. During the same period in the prior year, the company earned ($0.43) earnings per share. The firm's revenue was up 3.8% compared to the same quarter last year. Analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

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.