Loomis Sayles & Co. L P Sells 12,311 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Loomis Sayles & Co. L P lessened its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 410,062 shares of the industrial products company’s stock after selling 12,311 shares during the quarter. Loomis Sayles & Co. L P’s holdings in SiteOne Landscape Supply were worth $54,034,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SITE. Nomura Asset Management Co. Ltd. boosted its holdings in SiteOne Landscape Supply by 90.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Trust Co. of Vermont lifted its position in shares of SiteOne Landscape Supply by 657.9% during the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock worth $38,000 after buying an additional 250 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in shares of SiteOne Landscape Supply by 78.9% in the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after buying an additional 131 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of SiteOne Landscape Supply in the third quarter valued at approximately $71,000. Finally, Jones Financial Companies Lllp increased its position in shares of SiteOne Landscape Supply by 11.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock valued at $197,000 after acquiring an additional 156 shares during the last quarter.

Analysts Set New Price Targets

SITE has been the topic of several research analyst reports. Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday, March 16th. UBS Group lowered their price objective on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Royal Bank of Canada increased their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Finally, Robert W. Baird lowered 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 report on Thursday, February 13th. One investment 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $154.56.

SiteOne Landscape Supply Stock Down 0.3 %

SiteOne Landscape Supply stock opened at $126.30 on Friday. The firm has a 50 day simple moving average of $133.67 and a 200 day simple moving average of $139.60. 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 1-year low of $114.60 and a 1-year high of $181.81. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 46.95 and a beta of 1.69.

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 for the quarter, missing the consensus estimate 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, analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

SiteOne Landscape Supply Company 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.