Hsbc Holdings PLC Increases Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Hsbc Holdings PLC lifted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 67.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,626 shares of the industrial products company’s stock after purchasing an additional 1,863 shares during the period. Hsbc Holdings PLC’s holdings in SiteOne Landscape Supply were worth $613,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Barclays PLC boosted its stake in SiteOne Landscape Supply by 71.2% in the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company’s stock worth $7,304,000 after purchasing an additional 20,134 shares during the period. US Bancorp DE grew its stake in SiteOne Landscape Supply by 10.5% during the fourth quarter. US Bancorp DE now owns 6,717 shares of the industrial products company’s stock valued at $885,000 after acquiring an additional 638 shares in the last quarter. SG Americas Securities LLC purchased a new stake in SiteOne Landscape Supply in the 4th quarter worth $427,000. Jones Financial Companies Lllp grew its position in shares of SiteOne Landscape Supply by 11.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock valued at $197,000 after purchasing an additional 156 shares in the last quarter. Finally, Crown Oak Advisors LLC increased its holdings in shares of SiteOne Landscape Supply by 12.9% in the fourth quarter. Crown Oak Advisors LLC now owns 53,084 shares of the industrial products company’s stock worth $6,995,000 after purchasing an additional 6,074 shares during the last quarter.

Analyst Ratings Changes

Several analysts have recently issued reports on SITE shares. Robert W. Baird decreased their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Loop Capital dropped their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, April 4th. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Thursday, May 1st. Barclays reduced their price objective on SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada decreased their price target on SiteOne Landscape Supply from $136.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and an average price target of $145.70.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE opened at $120.76 on Tuesday. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 44.89 and a beta of 1.62. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $161.25. The firm has a 50-day simple moving average of $118.72 and a 200-day simple moving average of $133.31.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.11). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The company had revenue of $939.40 million during the quarter, compared to analyst estimates of $933.90 million. During the same period last year, the business earned ($0.43) earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, equities analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

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.