New York State Common Retirement Fund Boosts Stock Position in SiteOne Landscape Supply, Inc. $SITE

New York State Common Retirement Fund increased its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 19.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 104,493 shares of the industrial products company’s stock after buying an additional 17,362 shares during the quarter. New York State Common Retirement Fund’s holdings in SiteOne Landscape Supply were worth $13,459,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in SiteOne Landscape Supply by 61.2% during the 2nd quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 90 shares in the last quarter. HM Payson & Co. increased its position in shares of SiteOne Landscape Supply by 32.2% during the third quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock valued at $51,000 after buying an additional 97 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after buying an additional 107 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of SiteOne Landscape Supply by 145.2% in the second quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 270 shares during the period. Finally, GAMMA Investing LLC grew its stake in SiteOne Landscape Supply by 24.0% during the third quarter. GAMMA Investing LLC now owns 583 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 113 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, January 21st. Zacks Research cut shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. The Goldman Sachs Group lowered their price objective on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. William Blair restated a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 15th. Finally, Barclays set a $134.00 target price on SiteOne Landscape Supply and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus price target of $150.10.

SiteOne Landscape Supply Stock Up 0.5%

Shares of NYSE:SITE opened at $144.26 on Tuesday. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $154.00. The firm has a fifty day moving average of $135.03 and a 200 day moving average of $133.21. The firm has a market capitalization of $6.43 billion, a PE ratio of 46.84, a price-to-earnings-growth ratio of 1.52 and a beta of 1.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.49.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.