Loomis Sayles & Co. L P Sells 12,311 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Loomis Sayles & Co. L P lowered its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 410,062 shares of the industrial products company's stock after selling 12,311 shares during the period. Loomis Sayles & Co. L P owned 0.91% of SiteOne Landscape Supply worth $54,034,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SITE. Vanguard Group Inc. boosted its position in SiteOne Landscape Supply by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock worth $548,503,000 after purchasing an additional 49,256 shares during the period. Bamco Inc. NY boosted its holdings in SiteOne Landscape Supply by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company's stock worth $238,489,000 after buying an additional 129,252 shares during the period. Wasatch Advisors LP boosted its holdings in SiteOne Landscape Supply by 11.4% in the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company's stock worth $238,083,000 after buying an additional 161,846 shares during the period. Conestoga Capital Advisors LLC grew its stake in 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 buying an additional 30,725 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings 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 valued at $108,381,000 after acquiring an additional 3,434 shares during the period.

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Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group reduced 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. Jefferies Financial Group raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and lifted their target price for the company from $145.00 to $175.00 in a report on Friday, December 6th. Royal Bank of Canada upped their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Robert W. Baird cut their price objective on shares of 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, Stifel Nicolaus restated a "hold" rating and set a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $152.60.

SiteOne Landscape Supply Stock Up 0.1 %

Shares of NYSE:SITE traded up $0.12 during midday trading on Tuesday, reaching $121.56. The company's stock had a trading volume of 95,409 shares, compared to its average volume of 382,473. 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 50 day moving average of $132.81 and a 200-day moving average of $139.51. The firm has a market capitalization of $5.47 billion, a P/E ratio of 45.09 and a beta of 1.69. SiteOne Landscape Supply, Inc. has a 12-month low of $114.60 and a 12-month high of $181.81.

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

SiteOne Landscape Supply 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.