SiteOne Landscape Supply, Inc. $SITE Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC trimmed its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.8% in the fourth quarter, HoldingsChannel reports. The firm owned 510,506 shares of the industrial products company’s stock after selling 14,854 shares during the period. GW&K Investment Management LLC’s holdings in SiteOne Landscape Supply were worth $63,590,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SITE. Millennium Management LLC boosted its stake in SiteOne Landscape Supply by 45.9% during the 1st quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock valued at $9,126,000 after purchasing an additional 23,657 shares during the period. NewEdge Advisors LLC boosted its stake in SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 107 shares during the period. Goldman Sachs Group Inc. boosted its stake in SiteOne Landscape Supply by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock valued at $25,907,000 after purchasing an additional 11,574 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in SiteOne Landscape Supply by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company’s stock valued at $20,679,000 after purchasing an additional 16,378 shares during the period. Finally, Jane Street Group LLC acquired a new position in SiteOne Landscape Supply during the 1st quarter valued at about $6,797,000.

SiteOne Landscape Supply Trading Up 5.1%

Shares of NYSE:SITE opened at $107.24 on Wednesday. The company has a 50 day moving average of $124.14 and a 200-day moving average of $132.95. The firm has a market cap of $4.75 billion, a P/E ratio of 31.82, a P/E/G ratio of 1.33 and a beta of 1.35. SiteOne Landscape Supply, Inc. has a twelve month low of $100.52 and a twelve month high of $168.56. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The company had revenue of $940.10 million during the quarter, compared to analyst estimates of $982.27 million. During the same period in the prior year, the company posted ($0.61) earnings per share. The company’s revenue was up .1% on a year-over-year basis. As a group, analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Activity at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 562 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $112.52, for a total value of $63,236.24. Following the sale, the director directly owned 11,267 shares in the company, valued at $1,267,762.84. The trade was a 4.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SITE. UBS Group began coverage on shares of SiteOne Landscape Supply in a research note on Friday, April 10th. They issued a “neutral” rating and a $140.00 price target for the company. Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Bank of America reduced their price target on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Barclays reduced their price target on shares of SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $160.10.

About SiteOne Landscape Supply

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.