SiteOne Landscape Supply, Inc. (NYSE:SITE) Position Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 384,408 shares of the industrial products company's stock after selling 10,320 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.85% of SiteOne Landscape Supply worth $49,626,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Bamco Inc. NY grew its stake in SiteOne Landscape Supply by 8.9% in 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 during the period. Wasatch Advisors LP grew its holdings in SiteOne Landscape Supply by 11.4% in the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company's stock valued at $238,083,000 after purchasing an additional 161,846 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in shares of SiteOne Landscape Supply by 2.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company's stock valued at $153,835,000 after purchasing an additional 30,725 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of SiteOne Landscape Supply by 0.5% during the 3rd 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 during the period. Finally, Geneva Capital Management LLC increased its holdings in shares of SiteOne Landscape Supply by 1.5% during the 3rd quarter. Geneva Capital Management LLC now owns 626,101 shares of the industrial products company's stock worth $94,485,000 after buying an additional 9,209 shares during the last quarter.

SiteOne Landscape Supply Stock Up 3.6 %

Shares of SiteOne Landscape Supply stock traded up $5.05 on Monday, hitting $146.21. 498,988 shares of the company's stock traded hands, compared to its average volume of 303,276. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The stock has a market cap of $6.60 billion, a P/E ratio of 47.32 and a beta of 1.57. The firm's 50-day moving average is $137.93 and its 200 day moving average is $141.48.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. Equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 2.94 earnings per share for the current year.

Insider Activity

In other news, EVP Joseph Ketter sold 6,500 shares of SiteOne Landscape Supply stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the transaction, the executive vice president now directly owns 12,942 shares of the company's stock, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Robert W. Baird lowered their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a research report on Thursday. Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and boosted their target price for the stock from $145.00 to $175.00 in a report on Friday, December 6th. 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 report on Thursday. UBS Group decreased their price objective on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Stifel Nicolaus reissued a "hold" rating and issued a $140.00 price objective (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, SiteOne Landscape Supply presently has a consensus rating of "Hold" and a consensus target price of $154.56.

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.