Kayne Anderson Rudnick Investment Management LLC Sells 80,964 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Kayne Anderson Rudnick Investment Management LLC lessened its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,326,498 shares of the industrial products company's stock after selling 80,964 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 7.37% of SiteOne Landscape Supply worth $438,333,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SITE. Dimensional Fund Advisors LP raised its holdings in shares of SiteOne Landscape Supply by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 631,328 shares of the industrial products company's stock valued at $83,190,000 after purchasing an additional 27,409 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in SiteOne Landscape Supply by 5.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 9,940 shares of the industrial products company's stock valued at $1,307,000 after buying an additional 547 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of SiteOne Landscape Supply by 4,720.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 24,100 shares of the industrial products company's stock worth $3,176,000 after buying an additional 23,600 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of SiteOne Landscape Supply during the 4th quarter worth about $447,000. Finally, Wasatch Advisors LP increased its holdings 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 during the last quarter.

SiteOne Landscape Supply Price Performance

NYSE SITE traded down $1.64 on Friday, reaching $115.41. The company's stock had a trading volume of 127,806 shares, compared to its average volume of 411,717. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $165.97. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The firm has a market cap of $5.19 billion, a PE ratio of 42.90 and a beta of 1.62. The business has a 50-day moving average price of $121.45 and a 200 day moving average price of $134.84.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) 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%. Sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SITE shares. Royal Bank of Canada boosted their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. StockNews.com lowered SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 target price on the stock. Robert W. Baird reduced their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Finally, Loop Capital dropped their target price 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.