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

SRS Capital Advisors Inc. lowered its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 27.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,421 shares of the industrial products company’s stock after selling 1,280 shares during the period. SRS Capital Advisors Inc.’s holdings in SiteOne Landscape Supply were worth $451,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SITE. Wealth Enhancement Advisory Services LLC raised its position in SiteOne Landscape Supply by 5.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,131 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 113 shares during the period. Stephens Inc. AR raised its position in SiteOne Landscape Supply by 8.2% in the third quarter. Stephens Inc. AR now owns 3,001 shares of the industrial products company’s stock valued at $453,000 after purchasing an additional 228 shares during the period. Janney Montgomery Scott LLC raised its position in SiteOne Landscape Supply by 2.5% in the third quarter. Janney Montgomery Scott LLC now owns 36,504 shares of the industrial products company’s stock valued at $5,509,000 after purchasing an additional 878 shares during the period. Van ECK Associates Corp raised its position in SiteOne Landscape Supply by 40.0% in the third quarter. Van ECK Associates Corp now owns 23,984 shares of the industrial products company’s stock valued at $3,338,000 after purchasing an additional 6,853 shares during the period. Finally, Malaga Cove Capital LLC raised its position in SiteOne Landscape Supply by 29.2% in the third quarter. Malaga Cove Capital LLC now owns 7,533 shares of the industrial products company’s stock valued at $1,137,000 after purchasing an additional 1,704 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SITE shares. StockNews.com downgraded SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $175.00 in a report on Friday, December 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $140.00 price objective (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Royal Bank of Canada boosted 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. Finally, Robert W. Baird cut 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 investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $154.56.

SiteOne Landscape Supply Trading Down 1.3 %

SITE opened at $124.61 on Tuesday. The business has a fifty day moving average price of $136.53 and a 200 day moving average price of $141.42. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 46.32 and a beta of 1.57. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

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 (EPS) 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%. Sell-side 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.