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Brown Capital Management LLC Sells 9,745 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

SiteOne Landscape Supply logo with Industrial Products background

Brown Capital Management LLC lessened its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 64.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,388 shares of the industrial products company's stock after selling 9,745 shares during the quarter. Brown Capital Management LLC's holdings in SiteOne Landscape Supply were worth $813,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SITE. Bank of New York Mellon Corp increased its holdings in SiteOne Landscape Supply by 49.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company's stock worth $58,226,000 after buying an additional 158,350 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in SiteOne Landscape Supply by 130.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 198,214 shares of the industrial products company's stock valued at $24,065,000 after acquiring an additional 112,362 shares during the last quarter. American Century Companies Inc. boosted its position in shares of SiteOne Landscape Supply by 44.3% during the 2nd quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company's stock valued at $43,717,000 after acquiring an additional 110,589 shares during the last quarter. Swedbank AB purchased a new position in SiteOne Landscape Supply in the first quarter worth approximately $16,757,000. Finally, Canada Pension Plan Investment Board purchased a new stake in SiteOne Landscape Supply in the 2nd quarter valued at about $7,540,000.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SITE. Barclays increased their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research report on Thursday, October 31st. StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Robert W. Baird upped their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Royal Bank of Canada lowered their target price on SiteOne Landscape Supply from $133.00 to $132.00 and set a "sector perform" rating for the company in a research note on Thursday, August 1st. Finally, Stifel Nicolaus downgraded shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 price objective for the company. in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $147.80.

Get Our Latest Stock Analysis on SITE

SiteOne Landscape Supply Stock Up 2.8 %

Shares of NYSE:SITE traded up $3.97 during mid-day trading on Thursday, reaching $143.51. 209,623 shares of the stock were exchanged, compared to its average volume of 362,641. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The stock's 50 day simple moving average is $145.50 and its 200-day simple moving average is $140.66. The company has a market cap of $6.47 billion, a P/E ratio of 45.16 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.21). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. SiteOne Landscape Supply's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 earnings per share. As a group, equities research analysts predict that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current year.

About SiteOne Landscape Supply

(Free Report)

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.

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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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