Envestnet Asset Management Inc. Has $43.21 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Envestnet Asset Management Inc. trimmed its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,922 shares of the industrial products company's stock after selling 29,092 shares during the quarter. Envestnet Asset Management Inc. owned 0.73% of SiteOne Landscape Supply worth $43,210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SITE. Vanguard Group Inc. grew its stake in SiteOne Landscape Supply by 1.2% in the fourth 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 during the period. Conestoga Capital Advisors LLC grew its position 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 period. Geode Capital Management LLC increased its stake in 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 worth $108,381,000 after purchasing an additional 3,434 shares in the last quarter. Geneva Capital Management LLC raised its holdings in SiteOne Landscape Supply by 13.9% during the 4th quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company's stock worth $93,938,000 after buying an additional 86,793 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in SiteOne Landscape Supply by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 552,907 shares of the industrial products company's stock valued at $72,857,000 after buying an additional 14,909 shares in the last quarter.

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SiteOne Landscape Supply Stock Performance

Shares of SITE stock traded down $0.18 on Tuesday, reaching $114.78. The stock had a trading volume of 249,100 shares, compared to its average volume of 402,233. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $171.00. 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 firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 42.67 and a beta of 1.62. The firm's 50-day moving average is $125.55 and its two-hundred day moving average is $136.62.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. On average, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SITE has been the topic of several research reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price objective on the stock. Robert W. Baird cut their target price on 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. Royal Bank of Canada raised their price target on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Loop Capital cut their price objective on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Finally, StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Sunday, March 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $149.70.

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.