McCollum Christoferson Group LLC Trims Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

McCollum Christoferson Group LLC lowered its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,667 shares of the industrial products company’s stock after selling 210 shares during the quarter. SiteOne Landscape Supply comprises approximately 2.2% of McCollum Christoferson Group LLC’s portfolio, making the stock its 22nd largest holding. McCollum Christoferson Group LLC owned approximately 0.13% of SiteOne Landscape Supply worth $7,599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SITE. Summit Creek Advisors LLC raised its stake in SiteOne Landscape Supply by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 67,813 shares of the industrial products company’s stock valued at $8,936,000 after purchasing an additional 200 shares in the last quarter. Vanguard Group Inc. raised its position 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 in the last quarter. Bridge City Capital LLC lifted its holdings in shares of SiteOne Landscape Supply by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 26,820 shares of the industrial products company’s stock worth $3,534,000 after acquiring an additional 240 shares during the last quarter. LPL Financial LLC grew its position in SiteOne Landscape Supply by 28.2% in the fourth quarter. LPL Financial LLC now owns 26,928 shares of the industrial products company’s stock worth $3,548,000 after acquiring an additional 5,930 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in SiteOne Landscape Supply in the fourth quarter valued at $1,212,000.

SiteOne Landscape Supply Price Performance

Shares of SiteOne Landscape Supply stock opened at $122.03 on Monday. The company’s fifty day simple moving average is $134.37 and its two-hundred day simple moving average is $139.88. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $186.42. The firm has a market cap of $5.49 billion, a PE ratio of 45.37 and a beta of 1.69. 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 (NYSE:SITE) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. As a group, equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Robert W. Baird dropped their price target 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. Royal Bank of Canada boosted their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Sunday, March 16th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. Finally, UBS Group cut their price objective on shares of 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.