Artisan Partners Limited Partnership Has $48.51 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Artisan Partners Limited Partnership raised its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 137.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368,142 shares of the industrial products company's stock after buying an additional 212,907 shares during the period. Artisan Partners Limited Partnership owned 0.82% of SiteOne Landscape Supply worth $48,510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SITE. Vanguard Group Inc. raised its stake in shares of SiteOne Landscape Supply by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock valued at $548,503,000 after acquiring an additional 49,256 shares in the last quarter. Bamco Inc. NY raised its position in shares of SiteOne Landscape Supply by 8.9% in the third quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company's stock valued at $238,489,000 after purchasing an additional 129,252 shares during the period. Wasatch Advisors LP lifted its stake in shares of 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 worth $238,083,000 after buying an additional 161,846 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings 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 period. Finally, Geode Capital Management LLC grew its stake in SiteOne Landscape Supply by 0.5% in 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 last quarter.

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Analysts Set New Price Targets

A number of research firms have issued reports on SITE. 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. Robert W. Baird decreased their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and lifted their price target for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. Royal Bank of Canada increased their price objective on 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, Deutsche Bank Aktiengesellschaft began coverage on shares of SiteOne Landscape Supply in a research report on Tuesday. They set a "hold" rating and a $135.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $152.60.

SiteOne Landscape Supply Price Performance

NYSE SITE traded up $1.01 during trading on Wednesday, reaching $121.10. 205,805 shares of the company traded hands, compared to its average volume of 421,639. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $181.80. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 45.02 and a beta of 1.69. The stock's 50 day moving average price is $132.30 and its two-hundred day moving average price is $139.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share 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%. As a group, analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

About SiteOne Landscape Supply

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.