GW&K Investment Management LLC Sells 5,101 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

GW&K Investment Management LLC trimmed its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 573,764 shares of the industrial products company's stock after selling 5,101 shares during the quarter. GW&K Investment Management LLC owned about 1.27% of SiteOne Landscape Supply worth $75,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SITE. Nomura Asset Management Co. Ltd. boosted its position in shares of SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Blue Trust Inc. raised its stake in SiteOne Landscape Supply by 287.7% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 187 shares in the last quarter. Trust Co. of Vermont lifted its position in SiteOne Landscape Supply by 657.9% during the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 250 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in SiteOne Landscape Supply in the 3rd quarter worth approximately $71,000. Finally, CIBC Asset Management Inc bought a new position in shares of SiteOne Landscape Supply in the 3rd quarter worth $200,000.

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SiteOne Landscape Supply Stock Performance

NYSE SITE traded down $2.09 during trading hours on Tuesday, hitting $122.41. The company's stock had a trading volume of 649,640 shares, compared to its average volume of 368,952. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The company's 50 day simple moving average is $136.53 and its two-hundred day simple moving average is $141.42. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The company has a market cap of $5.50 billion, a P/E ratio of 45.51 and a beta of 1.69.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its earnings results 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 return on equity of 7.93% and a net margin of 2.72%. As a group, sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a report on Wednesday, February 26th. Stifel Nicolaus restated a "hold" rating and issued a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Royal Bank of Canada raised their price objective on 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. UBS Group lowered their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and lifted their price target for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply has an average rating of "Hold" and an average target price of $154.56.

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.