Baillie Gifford & Co. Sells 245,038 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Baillie Gifford & Co. reduced its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,640,028 shares of the industrial products company's stock after selling 245,038 shares during the quarter. Baillie Gifford & Co. owned 3.63% of SiteOne Landscape Supply worth $216,106,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 grew 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 valued at $238,083,000 after acquiring an additional 161,846 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of SiteOne Landscape Supply by 2.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company's stock valued at $153,835,000 after acquiring an additional 30,725 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 acquiring an additional 3,434 shares in the last quarter. Finally, Geneva Capital Management LLC grew its stake in shares of 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 in the last quarter.

Wall Street Analysts Forecast Growth

SITE has been the topic of several research reports. Stifel Nicolaus restated a "hold" rating and issued a $140.00 price target (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. StockNews.com downgraded shares of SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Robert W. Baird decreased 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 research note on Thursday, February 13th. UBS Group decreased their price target on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, Royal Bank of Canada upped 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 research note on Thursday, February 13th. Two 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $154.56.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock traded down $0.04 during trading hours on Thursday, reaching $140.94. 339,437 shares of the stock were exchanged, compared to its average volume of 374,844. The company has a market cap of $6.36 billion, a P/E ratio of 52.39 and a beta of 1.57. 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 twelve month low of $114.60 and a twelve month high of $188.01. The stock has a 50 day moving average of $137.65 and a two-hundred day moving average of $141.53.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted 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%. Equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal 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.