Stephens Investment Management Group LLC Has $62.04 Million Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Stephens Investment Management Group LLC trimmed its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 470,812 shares of the industrial products company's stock after selling 6,369 shares during the quarter. Stephens Investment Management Group LLC owned approximately 1.04% of SiteOne Landscape Supply worth $62,039,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted 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 buying an additional 100 shares during the last quarter. Blue Trust Inc. increased its stake in SiteOne Landscape Supply by 287.7% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock worth $38,000 after acquiring an additional 187 shares during the last quarter. Trust Co. of Vermont increased its stake in SiteOne Landscape Supply by 657.9% in the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock worth $38,000 after acquiring an additional 250 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in SiteOne Landscape Supply by 35.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 521 shares of the industrial products company's stock worth $63,000 after acquiring an additional 135 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of SiteOne Landscape Supply during the 3rd quarter valued at about $71,000.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the sale, the executive vice president now owns 12,942 shares in the company, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is currently owned by corporate insiders.

SiteOne Landscape Supply Price Performance

SITE traded up $3.77 during trading on Wednesday, reaching $136.93. The company's stock had a trading volume of 958,073 shares, compared to its average volume of 355,870. 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 fifty day simple moving average of $138.47 and a two-hundred day simple moving average of $141.48. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 44.31 and a beta of 1.57.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly 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 9.21% and a net margin of 3.16%. As a group, analysts anticipate that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SITE shares. Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and increased their target price for the company from $145.00 to $175.00 in a report on Friday, December 6th. Barclays lifted their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an "underweight" rating in a report on Thursday, October 31st. Stifel Nicolaus reiterated 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. StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Robert W. Baird boosted their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, SiteOne Landscape Supply presently has a consensus rating of "Hold" and an average price target of $155.33.

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.