Citigroup Inc. Sells 3,483 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Citigroup Inc. lessened its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Rating) by 49.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,581 shares of the industrial products company's stock after selling 3,483 shares during the period. Citigroup Inc.'s holdings in SiteOne Landscape Supply were worth $420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eaton Vance Management raised its position in SiteOne Landscape Supply by 0.9% in the third quarter. Eaton Vance Management now owns 9,394 shares of the industrial products company's stock worth $979,000 after acquiring an additional 84 shares during the period. First Republic Investment Management Inc. raised its position in SiteOne Landscape Supply by 0.8% in the first quarter. First Republic Investment Management Inc. now owns 10,557 shares of the industrial products company's stock worth $1,707,000 after acquiring an additional 88 shares during the period. Utah Retirement Systems raised its position in SiteOne Landscape Supply by 4.3% in the third quarter. Utah Retirement Systems now owns 2,400 shares of the industrial products company's stock worth $250,000 after acquiring an additional 100 shares during the period. Harbor Investment Advisory LLC raised its position in shares of SiteOne Landscape Supply by 21.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 667 shares of the industrial products company's stock valued at $78,000 after purchasing an additional 117 shares during the period. Finally, Amalgamated Bank raised its position in shares of SiteOne Landscape Supply by 1.4% during the 3rd quarter. Amalgamated Bank now owns 9,323 shares of the industrial products company's stock valued at $971,000 after purchasing an additional 130 shares during the period.

Several brokerages have recently commented on SITE. Credit Suisse Group raised their price objective on shares of SiteOne Landscape Supply from $127.00 to $157.00 and gave the company a "hold" rating in a research report on Thursday, February 16th. Jefferies Financial Group cut shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $170.00 target price for the company. in a research note on Thursday, February 16th. Stifel Nicolaus raised their target price on shares of SiteOne Landscape Supply from $125.00 to $140.00 in a research note on Monday, May 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of SiteOne Landscape Supply from $163.00 to $153.00 in a research note on Friday, May 5th. Finally, Barclays cut shares of SiteOne Landscape Supply from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $146.00 to $144.00 in a research note on Wednesday, May 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, SiteOne Landscape Supply presently has an average rating of "Hold" and a consensus target price of $157.30.

Shares of NYSE SITE opened at $151.44 on Wednesday. The firm has a 50-day simple moving average of $142.09 and a 200-day simple moving average of $136.83. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 33.28 and a beta of 1.44. The company has a quick ratio of 1.03, a current ratio of 2.58 and a debt-to-equity ratio of 0.47. SiteOne Landscape Supply, Inc. has a 52 week low of $97.36 and a 52 week high of $165.32.

SiteOne Landscape Supply (NYSE:SITE - Get Rating) last announced its quarterly earnings data on Wednesday, May 3rd. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.32). The firm had revenue of $837.20 million during the quarter, compared to analysts' expectations of $789.80 million. SiteOne Landscape Supply had a net margin of 5.15% and a return on equity of 16.13%. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS. On average, equities analysts predict that SiteOne Landscape Supply, Inc. will post 3.71 earnings per share for the current fiscal year.

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 a selection of approximately 155,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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.

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