GW&K Investment Management LLC Sells 5,101 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

GW&K Investment Management LLC lessened its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 573,764 shares of the industrial products company’s stock after selling 5,101 shares during the period. GW&K Investment Management LLC’s holdings in SiteOne Landscape Supply were worth $75,604,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bamco Inc. NY lifted its stake in SiteOne Landscape Supply by 8.9% during the third quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock worth $238,489,000 after purchasing an additional 129,252 shares during the last quarter. Wasatch Advisors LP raised its holdings 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 buying an additional 161,846 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position 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 worth $153,835,000 after buying an additional 30,725 shares during the last quarter. Geode Capital Management LLC boosted its stake in SiteOne Landscape Supply by 0.5% in the third quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company’s stock valued at $108,381,000 after buying an additional 3,434 shares in the last quarter. Finally, Geneva Capital Management LLC grew its position in SiteOne Landscape Supply by 1.5% in the third quarter. Geneva Capital Management LLC now owns 626,101 shares of the industrial products company’s stock valued at $94,485,000 after acquiring an additional 9,209 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SITE. Robert W. Baird reduced their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Barclays raised their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. Royal Bank of Canada boosted their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Stifel Nicolaus restated a “hold” rating and set a $140.00 price target (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Finally, StockNews.com lowered shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Wednesday. Two research 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $154.56.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $124.65 on Friday. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The stock’s fifty day moving average price is $137.08 and its two-hundred day moving average price is $141.56. The firm has a market cap of $5.61 billion, a PE ratio of 46.34 and a beta of 1.57.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data 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%. On average, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current 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.