Public Employees Retirement System of Ohio Sells 773 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Public Employees Retirement System of Ohio reduced its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 1.6% during the third quarter, Holdings Channel.com reports. The fund owned 47,969 shares of the industrial products company’s stock after selling 773 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in SiteOne Landscape Supply were worth $7,239,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of SiteOne Landscape Supply by 5.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 98 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in SiteOne Landscape Supply by 6.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,911 shares of the industrial products company’s stock worth $960,000 after buying an additional 508 shares during the period. Swedbank AB boosted its position in SiteOne Landscape Supply by 6.3% during the 2nd quarter. Swedbank AB now owns 102,000 shares of the industrial products company’s stock valued at $12,384,000 after acquiring an additional 6,000 shares in the last quarter. Raymond James & Associates increased its holdings in shares of SiteOne Landscape Supply by 5.0% in the 2nd quarter. Raymond James & Associates now owns 286,368 shares of the industrial products company’s stock valued at $34,768,000 after acquiring an additional 13,644 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of SiteOne Landscape Supply by 130.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 198,214 shares of the industrial products company’s stock worth $24,065,000 after acquiring an additional 112,362 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SITE shares. The Goldman Sachs Group initiated coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 target price for the company. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. Robert W. Baird increased their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Barclays lifted their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. Finally, StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $156.44.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $145.09 on Friday. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01. 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 $6.55 billion, a PE ratio of 46.95 and a beta of 1.54. The company’s 50 day moving average is $146.26 and its 200 day moving average is $140.12.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 EPS. On average, sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current year.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the sale, the executive vice president now directly owns 12,942 shares in the company, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.

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.