State of New Jersey Common Pension Fund D Purchases 2,081 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

State of New Jersey Common Pension Fund D raised its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating ) by 8.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,034 shares of the industrial products company’s stock after buying an additional 2,081 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of SiteOne Landscape Supply worth $2,919,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. First Republic Investment Management Inc. raised its position in shares of SiteOne Landscape Supply by 0.8% during the first quarter. First Republic Investment Management Inc. now owns 10,557 shares of the industrial products company’s stock valued at $1,707,000 after buying an additional 88 shares in the last quarter. Van ECK Associates Corp boosted its position in SiteOne Landscape Supply by 9.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,340 shares of the industrial products company’s stock worth $140,000 after buying an additional 121 shares during the period. Whittier Trust Co . of Nevada Inc. grew its position in SiteOne Landscape Supply by 184.0% in the second quarter. Whittier Trust Co . of Nevada Inc. now owns 213 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 138 shares during the period. Cynosure Management LLC boosted its position in SiteOne Landscape Supply by 0.9% in the second quarter. Cynosure Management LLC now owns 16,208 shares of the industrial products company’s stock worth $1,927,000 after purchasing an additional 140 shares during the period. Finally, Guggenheim Capital LLC boosted its position in SiteOne Landscape Supply by 12.7% in the first quarter. Guggenheim Capital LLC now owns 1,245 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 140 shares during the period.

Analyst upgrades and downgrades

A number of equities analysts recently commented on the stock. Royal Bank of Canada decreased their target price on shares of SiteOne Landscape Supply from $126.00 to $116.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 3rd. Deutsche Bank Aktiengesellschaft cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and cut their target price for the stock from $144.00 to $126.00 in a research report on Tuesday, January 10th. Stifel Nicolaus decreased their target price on shares of SiteOne Landscape Supply from $120.00 to $110.00 in a research report on Monday, October 31st. StockNews.com began coverage on shares of SiteOne Landscape Supply in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Robert W. Baird boosted their price objective on shares of SiteOne Landscape Supply from $150.00 to $160.00 in a research report on Thursday, November 3rd. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average target price of $143.00.

SiteOne’s landscape supply trade grew 1.7%

Shares of SITE stock opened at $132.04 on Friday. The firm’s 50-day moving average price is $121.64 and its 200-day moving average price is $121.11. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 22.12 and a beta of 1.36. The company has a current ratio of 2.43, a quick ratio of 1.03, and a debt-to-equity ratio of 0.32. SiteOne Landscape Supply, Inc. it has a 1-year low of $97.36 and a 1-year high of $206.50.

SiteOne Landscape Supply (NYSE:SITE – Get Rating ) last announced its earnings results on Wednesday, November 2nd. The industrial products company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. SiteOne Landscape Supply had a net margin of 6.97% and a return on equity of 23.18%. Sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 5.51 EPS for the current year.

SiteOne Landscape Supply Profile (Get Rating)

SiteOne Landscape Supply, Inc. engages in the wholesale distribution of landscape supplies in the United States and Canada. The company offers a selection of approximately 135,000 units of stock storage, including irrigation supplies, which include controllers, valves, sprinkler heads and irrigation pipes; fertilizers, grass seeds and ice melt products; control products, such as herbicides, fungicides, rodenticides and other pesticides; landscape accessories including mulches, soil amendments, drainage pipes, tools and soda; nursery goods consisting of deciduous and evergreen shrubs, ornamental, shade, evergreen, field and container nursery, 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 bulbs, wires, transformers and accessories.

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