SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc cut its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 about 2.29% of SiteOne Landscape Supply worth $136,226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bamco Inc. NY boosted its stake in shares of 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 valued at $238,489,000 after buying an additional 129,252 shares during the period. Wasatch Advisors LP raised its holdings in SiteOne Landscape Supply by 11.4% in the third 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 in the last quarter. Conestoga Capital Advisors LLC lifted its stake in 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 worth $153,835,000 after acquiring an additional 30,725 shares during the last quarter. Geode Capital Management LLC grew 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 worth $108,381,000 after acquiring an additional 3,434 shares in the last quarter. Finally, Geneva Capital Management LLC increased its position in shares of SiteOne Landscape Supply by 1.5% in the 3rd quarter. Geneva Capital Management LLC now owns 626,101 shares of the industrial products company’s stock valued at $94,485,000 after purchasing an additional 9,209 shares during the last quarter.

Analysts Set New Price Targets

SITE has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. Barclays upped their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research report on Thursday, October 31st. Royal Bank of Canada raised their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. UBS Group lowered their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $154.56.

SiteOne Landscape Supply Stock Down 4.4 %

Shares of SiteOne Landscape Supply stock opened at $134.72 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The firm has a fifty day moving average of $137.52 and a two-hundred day moving average of $141.66. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The company has a market cap of $6.08 billion, a P/E ratio of 50.08 and a beta of 1.57.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share 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, analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

About SiteOne Landscape Supply

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.