Blueshift Asset Management LLC Takes $227,000 Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Blueshift Asset Management LLC bought a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,725 shares of the industrial products company’s stock, valued at approximately $227,000.

A number of other hedge funds have also made changes to their positions in SITE. Magnetar Financial LLC acquired a new stake in SiteOne Landscape Supply in the 4th quarter valued at about $1,891,000. Teacher Retirement System of Texas bought a new position in SiteOne Landscape Supply during the 4th quarter worth approximately $522,000. Xponance Inc. lifted its stake in SiteOne Landscape Supply by 10.4% in 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 in the last quarter. Polen Capital Management LLC lifted its stake in SiteOne Landscape Supply by 48.2% in 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 in the last quarter. Finally, Impact Capital Partners LLC bought a new position in SiteOne Landscape Supply in the fourth quarter valued at approximately $360,000.

SiteOne Landscape Supply Stock Up 0.1 %

Shares of NYSE SITE opened at $122.03 on Friday. 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 price-to-earnings ratio of 45.37 and a beta of 1.69. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $186.42. The stock has a 50-day moving average price of $134.37 and a two-hundred day moving average price of $139.85.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) 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%. As a group, analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SITE. Royal Bank of Canada lifted 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. Robert W. Baird lowered their target price 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. Stifel Nicolaus reaffirmed a “hold” rating and set a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their target price for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Finally, StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday, March 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, SiteOne Landscape Supply has an average rating of “Hold” and a consensus price target of $154.56.

SiteOne Landscape Supply Profile

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.