Gilder Gagnon Howe & Co. LLC Purchases 9,584 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Gilder Gagnon Howe & Co. LLC raised its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 162,188 shares of the industrial products company's stock after purchasing an additional 9,584 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 0.36% of SiteOne Landscape Supply worth $21,371,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of SiteOne Landscape Supply during the 4th quarter valued at about $40,676,000. Artisan Partners Limited Partnership boosted its position in shares of SiteOne Landscape Supply by 137.2% during the 4th quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company's stock valued at $48,510,000 after acquiring an additional 212,907 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in shares of SiteOne Landscape Supply by 320.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 226,300 shares of the industrial products company's stock valued at $29,713,000 after acquiring an additional 172,500 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of SiteOne Landscape Supply by 9.7% during the 4th quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company's stock valued at $228,107,000 after acquiring an additional 153,447 shares in the last quarter. Finally, WCM Investment Management LLC boosted its position in shares of SiteOne Landscape Supply by 593.6% during the 4th quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company's stock valued at $17,242,000 after acquiring an additional 112,385 shares in the last quarter.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE traded down $0.03 during trading on Monday, reaching $114.96. The company had a trading volume of 461,830 shares, compared to its average volume of 414,607. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $165.97. The stock has a market cap of $5.17 billion, a PE ratio of 42.74 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The business's 50 day moving average price is $120.36 and its 200-day moving average price is $134.31.

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 return on equity of 7.93% and a net margin of 2.72%. Analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on SITE shares. Robert W. Baird decreased their target price on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Barclays decreased their target price on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. UBS Group reduced 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 report on Thursday, February 13th. Royal Bank of Canada upped their price objective 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. Finally, Loop Capital cut their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $148.30.

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.