Atria Investments Inc Lowers Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Atria Investments Inc lessened its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,101 shares of the industrial products company’s stock after selling 1,172 shares during the quarter. Atria Investments Inc’s holdings in SiteOne Landscape Supply were worth $2,253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Bamco Inc. NY raised its position in SiteOne Landscape Supply by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock worth $238,489,000 after purchasing an additional 129,252 shares during the period. Wasatch Advisors LP raised its position in SiteOne Landscape Supply by 11.4% in the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock worth $238,083,000 after purchasing an additional 161,846 shares during the period. Conestoga Capital Advisors LLC raised its position in SiteOne Landscape Supply by 2.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company’s stock worth $153,835,000 after purchasing an additional 30,725 shares during the period. Geode Capital Management LLC grew its holdings in SiteOne Landscape Supply by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company’s stock worth $108,381,000 after acquiring an additional 3,434 shares during the last quarter. Finally, Geneva Capital Management LLC grew its holdings in SiteOne Landscape Supply by 1.5% in the 3rd quarter. Geneva Capital Management LLC now owns 626,101 shares of the industrial products company’s stock worth $94,485,000 after acquiring an additional 9,209 shares during the last quarter.

SiteOne Landscape Supply Trading Up 2.9 %

Shares of SITE opened at $128.79 on Monday. The firm’s 50-day moving average price is $135.79 and its 200-day moving average price is $141.07. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 47.88 and a beta of 1.69. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data 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%. Sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SITE. UBS Group cut their price target 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. Royal Bank of Canada raised their price target on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price target for the stock from $145.00 to $175.00 in a report on Friday, December 6th. StockNews.com lowered shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.