JARISLOWSKY FRASER Ltd Decreases Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

JARISLOWSKY FRASER Ltd decreased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 517,019 shares of the industrial products company's stock after selling 37,020 shares during the quarter. JARISLOWSKY FRASER Ltd owned about 1.15% of SiteOne Landscape Supply worth $68,128,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Trust Co. of Vermont raised its stake in shares of SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 250 shares during the period. Tortoise Investment Management LLC raised its stake 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 purchased a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at $40,000. Brown Brothers Harriman & Co. raised its stake 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. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of SiteOne Landscape Supply in the third quarter valued at $71,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SITE shares. Barclays reduced their target price on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird reduced their target price on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. UBS Group cut their price target on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Loop Capital cut their price target on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $145.70.

SiteOne Landscape Supply Stock Down 1.2%

SiteOne Landscape Supply stock traded down $1.49 during midday trading on Wednesday, hitting $125.46. 46,439 shares of the company's stock were exchanged, compared to its average volume of 423,691. 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 12 month low of $101.25 and a 12 month high of $161.25. The firm has a 50-day moving average of $118.44 and a two-hundred day moving average of $132.59. The company has a market cap of $5.62 billion, a PE ratio of 46.67 and a beta of 1.62.

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 business had revenue of $939.40 million for the quarter, compared to the consensus estimate of $933.90 million. During the same quarter in the previous year, the company earned ($0.43) earnings per share. The firm's revenue was up 3.8% on a year-over-year basis. As a group, analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share 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.