California Public Employees Retirement System Cuts Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

California Public Employees Retirement System trimmed its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITEGet Rating) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,003 shares of the industrial products company’s stock after selling 2,715 shares during the quarter. California Public Employees Retirement System owned approximately 0.21% of SiteOne Landscape Supply worth $23,260,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. BNP Paribas Arbitrage SA increased its holdings in SiteOne Landscape Supply by 1,207.1% during the fourth quarter. BNP Paribas Arbitrage SA now owns 16,809 shares of the industrial products company’s stock valued at $4,072,000 after buying an additional 15,523 shares during the period. Dimensional Fund Advisors LP grew its holdings in SiteOne Landscape Supply by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 359,555 shares of the industrial products company’s stock worth $87,105,000 after purchasing an additional 1,607 shares during the last quarter. Argent Trust Co grew its holdings in SiteOne Landscape Supply by 6.7% in the fourth quarter. Argent Trust Co now owns 1,525 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 96 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in SiteOne Landscape Supply by 1.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 211,598 shares of the industrial products company’s stock worth $51,266,000 after purchasing an additional 2,800 shares during the last quarter. Finally, MUFG Americas Holdings Corp purchased a new position in SiteOne Landscape Supply in the fourth quarter worth $103,000.

Several research firms have issued reports on SITE. UBS Group raised shares of SiteOne Landscape Supply from a “sell” rating to a “neutral” rating and cut their price target for the stock from $170.00 to $165.00 in a report on Monday, March 28th. They noted that the move was a valuation call. Truist Financial cut their price target on shares of SiteOne Landscape Supply from $275.00 to $200.00 and set a “hold” rating on the stock in a report on Thursday, February 17th. Zacks Investment Research lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Tuesday. StockNews.com assumed coverage on shares of SiteOne Landscape Supply in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Robert W. Baird dropped their price objective on shares of SiteOne Landscape Supply from $232.00 to $171.00 in a report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $184.88.

In related news, CEO Doug Black sold 17,365 shares of the business’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $175.78, for a total transaction of $3,052,419.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 52,193 shares of company stock valued at $8,426,900 over the last 90 days. 2.70% of the stock is currently owned by insiders.

Shares of SITE opened at $132.96 on Friday. The firm has a market capitalization of $5.97 billion, a PE ratio of 23.16 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.32 and a quick ratio of 0.89. SiteOne Landscape Supply, Inc. has a 1-year low of $117.82 and a 1-year high of $260.00. The company’s fifty day moving average price is $155.06 and its 200-day moving average price is $192.97.

SiteOne Landscape Supply (NYSE:SITEGet Rating) last posted its earnings results on Wednesday, May 4th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.54. The company had revenue of $805.30 million during the quarter, compared to the consensus estimate of $742.01 million. SiteOne Landscape Supply had a net margin of 7.25% and a return on equity of 25.59%. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. As a group, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 5.71 EPS for the current fiscal year.

SiteOne Landscape Supply Company Profile (Get Rating)

SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 135,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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.

Further Reading

Want to see what other hedge funds are holding SITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiteOne Landscape Supply, Inc. (NYSE:SITEGet Rating).

Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

Receive News & Ratings for SiteOne Landscape Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply and related companies with MarketBeat.com's FREE daily email newsletter.