SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lessened its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,998 shares of the industrial products company’s stock after selling 293 shares during the period. TD Private Client Wealth LLC’s holdings in SiteOne Landscape Supply were worth $1,317,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blueshift Asset Management LLC acquired a new stake in SiteOne Landscape Supply during the fourth quarter valued at $227,000. Magnetar Financial LLC acquired a new stake in SiteOne Landscape Supply during the fourth quarter valued at $1,891,000. Teacher Retirement System of Texas acquired a new stake in SiteOne Landscape Supply during the fourth quarter valued at $522,000. Xponance Inc. grew its position in SiteOne Landscape Supply by 10.4% during the fourth quarter. Xponance Inc. now owns 3,470 shares of the industrial products company’s stock valued at $457,000 after buying an additional 327 shares during the period. Finally, Polen Capital Management LLC grew its position in SiteOne Landscape Supply by 48.2% during the fourth quarter. Polen Capital Management LLC now owns 24,140 shares of the industrial products company’s stock valued at $3,181,000 after buying an additional 7,847 shares during the period.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $122.03 on Friday. The company’s 50-day moving average price is $134.37 and its 200-day moving average price is $139.85. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.49 billion, a P/E ratio of 45.37 and a beta of 1.69. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $186.42.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. On average, sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SITE has been the topic of several recent analyst reports. Robert W. Baird decreased their price objective on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. UBS Group decreased 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 report on Thursday, February 13th. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Sunday, March 16th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price objective for the company from $145.00 to $175.00 in a report on Friday, December 6th. Finally, Royal Bank of Canada increased their price objective on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus price target of $154.56.

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.