SRS Capital Advisors Inc. Trims Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

SRS Capital Advisors Inc. reduced its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 27.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,421 shares of the industrial products company’s stock after selling 1,280 shares during the quarter. SRS Capital Advisors Inc.’s holdings in SiteOne Landscape Supply were worth $451,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. US Bancorp DE raised its position in SiteOne Landscape Supply by 10.5% during the fourth 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 in the last quarter. Fisher Asset Management LLC raised its position in SiteOne Landscape Supply by 59.9% during the fourth quarter. Fisher Asset Management LLC now owns 119,745 shares of the industrial products company’s stock valued at $15,779,000 after acquiring an additional 44,866 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in SiteOne Landscape Supply during the fourth quarter valued at approximately $1,771,000. Oppenheimer Asset Management Inc. raised its position in SiteOne Landscape Supply by 2.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 36,161 shares of the industrial products company’s stock valued at $4,765,000 after acquiring an additional 892 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its position in SiteOne Landscape Supply by 30.4% during the fourth quarter. Handelsbanken Fonder AB now owns 213,137 shares of the industrial products company’s stock valued at $28,085,000 after acquiring an additional 49,700 shares in the last quarter.

Analyst Ratings Changes

Several analysts have commented on SITE shares. Royal Bank of Canada raised their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Stifel Nicolaus reissued a “hold” rating and issued a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. StockNews.com lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price objective for the company from $145.00 to $175.00 in a report on Friday, December 6th. Finally, Robert W. Baird dropped their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $154.56.

SiteOne Landscape Supply Stock Performance

Shares of NYSE:SITE opened at $124.61 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The business’s 50 day moving average price is $136.53 and its 200-day moving average price is $141.42. The firm has a market capitalization of $5.60 billion, a PE ratio of 46.32 and a beta of 1.57. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. As a group, equities research 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.