SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC trimmed its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 about 1.04% of SiteOne Landscape Supply worth $62,039,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Birch Hill Investment Advisors LLC purchased a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at approximately $325,000. WCM Investment Management LLC boosted its position in shares of 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 worth $17,242,000 after buying an additional 112,385 shares during the period. Conestoga Capital Advisors LLC grew its stake in shares of SiteOne Landscape Supply by 2.7% in the fourth 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. KBC Group NV raised its holdings in shares of SiteOne Landscape Supply by 43.1% in the 4th quarter. KBC Group NV now owns 1,947 shares of the industrial products company’s stock valued at $257,000 after buying an additional 586 shares during the period. Finally, Crown Oak Advisors LLC boosted its holdings in SiteOne Landscape Supply by 12.9% during the 4th quarter. Crown Oak Advisors LLC now owns 53,084 shares of the industrial products company’s stock valued at $6,995,000 after acquiring an additional 6,074 shares during the period.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SITE shares. Jefferies Financial Group upgraded shares of 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 report on Friday, December 6th. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays upped their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. Finally, Robert W. Baird lifted their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $156.44.

SiteOne Landscape Supply Trading Down 3.1 %

Shares of SITE stock opened at $133.09 on Friday. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. 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’s fifty day moving average price is $139.18 and its 200 day moving average price is $141.56. The firm has a market capitalization of $6.00 billion, a PE ratio of 43.07 and a beta of 1.57.

Insider Transactions at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was 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 directly owns 12,942 shares of the company’s stock, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.70% of the company’s stock.

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.