Janus Henderson Group PLC Increases Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Janus Henderson Group PLC lifted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,163 shares of the industrial products company’s stock after buying an additional 2,379 shares during the quarter. Janus Henderson Group PLC’s holdings in SiteOne Landscape Supply were worth $6,868,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of SiteOne Landscape Supply by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company’s stock valued at $548,503,000 after buying an additional 49,256 shares during the period. Wasatch Advisors LP raised its holdings in shares of SiteOne Landscape Supply by 9.7% during the 4th quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company’s stock valued at $228,107,000 after buying an additional 153,447 shares during the period. Bamco Inc. NY raised its holdings in shares of SiteOne Landscape Supply by 4.6% during the 4th quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company’s stock valued at $217,786,000 after buying an additional 72,430 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of SiteOne Landscape Supply by 6.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company’s stock valued at $210,570,000 after buying an additional 91,719 shares during the period. Finally, Conestoga Capital Advisors LLC raised its holdings in shares of SiteOne Landscape Supply by 2.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company’s stock valued at $153,835,000 after buying an additional 30,725 shares during the period.

Analysts Set New Price Targets

A number of brokerages have weighed in on SITE. Loop Capital lowered their price objective on SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, April 4th. Royal Bank of Canada lowered their price objective on SiteOne Landscape Supply from $136.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, May 1st. UBS Group lowered their price objective on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a research note on Tuesday, April 1st. They set a “hold” rating and a $135.00 price objective for the company. Finally, Robert W. Baird lowered their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $145.70.

SiteOne Landscape Supply Price Performance

Shares of SITE opened at $125.63 on Friday. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 46.70 and a beta of 1.62. The stock has a 50 day moving average of $118.30 and a 200-day moving average of $132.14. 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 52 week low of $101.25 and a 52 week high of $160.75.

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

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.