Impax Asset Management Group plc Sells 7,088 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Impax Asset Management Group plc cut its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,033,820 shares of the industrial products company's stock after selling 7,088 shares during the period. Impax Asset Management Group plc owned approximately 2.29% of SiteOne Landscape Supply worth $136,226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wasatch Advisors LP lifted its stake in SiteOne Landscape Supply by 11.4% during the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company's stock valued at $238,083,000 after acquiring an additional 161,846 shares during the period. Bamco Inc. NY raised its holdings in shares of SiteOne Landscape Supply by 8.9% during the third quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company's stock valued at $238,489,000 after purchasing an additional 129,252 shares during the last quarter. WCM Investment Management LLC lifted its position in SiteOne Landscape Supply by 593.6% during the fourth quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company's stock valued at $17,242,000 after purchasing an additional 112,385 shares during the period. Premier Fund Managers Ltd boosted its holdings in SiteOne Landscape Supply by 14.1% in the third quarter. Premier Fund Managers Ltd now owns 405,738 shares of the industrial products company's stock worth $61,415,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in SiteOne Landscape Supply by 30.4% in the fourth quarter. Handelsbanken Fonder AB now owns 213,137 shares of the industrial products company's stock worth $28,085,000 after purchasing an additional 49,700 shares during the last quarter.

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SiteOne Landscape Supply Price Performance

Shares of NYSE SITE traded down $4.88 during midday trading on Thursday, reaching $124.65. 380,957 shares of the stock traded hands, compared to its average volume of 378,662. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The stock has a market capitalization of $5.61 billion, a PE ratio of 46.34 and a beta of 1.57. The company's 50 day moving average is $137.08 and its 200 day moving average is $141.56. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays increased their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an "underweight" rating in a research report on Thursday, October 31st. StockNews.com downgraded SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research report on Wednesday. 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 price objective for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Finally, Royal Bank of Canada boosted 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, SiteOne Landscape Supply has a consensus rating of "Hold" and an average price target of $154.56.

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.