WCM Investment Management LLC Raises Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

WCM Investment Management LLC lifted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 593.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,317 shares of the industrial products company's stock after buying an additional 112,385 shares during the quarter. WCM Investment Management LLC owned about 0.29% of SiteOne Landscape Supply worth $17,242,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its holdings in SiteOne Landscape Supply by 90.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock worth $32,000 after purchasing an additional 100 shares during the period. Blue Trust Inc. grew its holdings 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 worth $38,000 after purchasing an additional 187 shares during the period. Trust Co. of Vermont lifted its stake in shares of SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock valued at $38,000 after buying an additional 250 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of SiteOne Landscape Supply by 35.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 521 shares of the industrial products company's stock valued at $63,000 after buying an additional 135 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of SiteOne Landscape Supply in the third quarter valued at $71,000.

Analysts Set New Price Targets

SITE has been the topic of a number of recent analyst reports. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and raised their price target for the company from $145.00 to $175.00 in a research report on Friday, December 6th. StockNews.com lowered shares of SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research report on Thursday. Royal Bank of Canada raised their price target on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a "sector perform" rating in a research report on Thursday. Stifel Nicolaus reissued a "hold" rating and set a $140.00 price target (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday. Finally, Barclays raised their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, SiteOne Landscape Supply currently has a consensus rating of "Hold" and an average target price of $154.56.

Insider Transactions at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of SiteOne Landscape Supply stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the transaction, the executive vice president now owns 12,942 shares in the company, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.70% of the company's stock.

SiteOne Landscape Supply Stock Performance

Shares of SITE traded up $4.31 during trading hours on Thursday, hitting $141.19. The company's stock had a trading volume of 815,639 shares, compared to its average volume of 371,722. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 45.69 and a beta of 1.57. 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 business has a 50 day simple moving average of $138.24 and a two-hundred day simple moving average of $141.45. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted 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 return on equity of 9.21% and a net margin of 3.16%. On average, equities analysts expect that SiteOne Landscape Supply, Inc. will post 2.94 earnings per share for the current fiscal 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.