SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Stephens Inc. AR

Stephens Inc. AR reduced its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,849 shares of the industrial products company’s stock after selling 152 shares during the period. Stephens Inc. AR’s holdings in SiteOne Landscape Supply were worth $375,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SITE. Wasatch Advisors LP boosted its stake in shares of SiteOne Landscape Supply by 11.4% during the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock worth $238,083,000 after acquiring an additional 161,846 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of SiteOne Landscape Supply by 8.9% during the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock worth $238,489,000 after acquiring an additional 129,252 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of SiteOne Landscape Supply by 593.6% during the 4th quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company’s stock worth $17,242,000 after acquiring an additional 112,385 shares in the last quarter. Premier Fund Managers Ltd boosted its stake in shares of SiteOne Landscape Supply by 14.1% during the 3rd quarter. Premier Fund Managers Ltd now owns 405,738 shares of the industrial products company’s stock worth $61,415,000 after acquiring an additional 50,000 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of SiteOne Landscape Supply by 6,488.6% during the 3rd quarter. International Assets Investment Management LLC now owns 36,369 shares of the industrial products company’s stock worth $5,488,000 after acquiring an additional 35,817 shares in the last quarter.

Wall Street Analysts Forecast Growth

SITE has been the topic of several recent analyst reports. Barclays increased their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. Robert W. Baird decreased their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price target for the company from $145.00 to $175.00 in a research note on Friday, December 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $140.00 price target (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Finally, Royal Bank of Canada raised their price target on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $154.56.

SiteOne Landscape Supply Stock Up 3.6 %

SITE stock opened at $146.21 on Friday. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 47.32 and a beta of 1.57. 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 12 month low of $114.60 and a 12 month high of $188.01. The firm has a 50-day moving average of $138.07 and a two-hundred day moving average of $141.47.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. As a group, analysts forecast that SiteOne Landscape Supply, Inc. will post 2.94 earnings per share for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the sale, the executive vice president now owns 12,942 shares in the company, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

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.