Kayne Anderson Rudnick Investment Management LLC Cuts Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Kayne Anderson Rudnick Investment Management LLC lowered its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,326,498 shares of the industrial products company's stock after selling 80,964 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 7.37% of SiteOne Landscape Supply worth $438,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in SITE. Vanguard Group Inc. increased its position in SiteOne Landscape Supply by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock valued at $548,503,000 after acquiring an additional 49,256 shares during the period. Wasatch Advisors LP increased its holdings in SiteOne Landscape Supply by 9.7% in the fourth quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company's stock valued at $228,107,000 after purchasing an additional 153,447 shares during the period. Bamco Inc. NY increased its holdings in SiteOne Landscape Supply by 4.6% in the fourth quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company's stock valued at $217,786,000 after purchasing an additional 72,430 shares during the period. T. Rowe Price Investment Management Inc. raised its position in SiteOne Landscape Supply by 6.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company's stock worth $210,570,000 after purchasing an additional 91,719 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its position in shares of SiteOne Landscape Supply by 2.7% in the 4th 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 during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SITE shares. Loop Capital lowered their price objective on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a research report on Friday, April 4th. UBS Group decreased 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 research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SiteOne Landscape Supply in a report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price target for the company. Royal Bank of Canada decreased their price objective on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Finally, Wall Street Zen raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $145.70.

SiteOne Landscape Supply Stock Up 0.5%

NYSE:SITE traded up $0.57 during trading hours on Thursday, reaching $117.60. The company had a trading volume of 275,276 shares, compared to its average volume of 431,016. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $160.75. 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 market cap of $5.27 billion, a price-to-earnings ratio of 43.72 and a beta of 1.62. The business's 50-day simple moving average is $117.59 and its two-hundred day simple moving average is $130.64.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.11). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. The firm had revenue of $939.40 million during the quarter, compared to analyst estimates of $933.90 million. During the same quarter in the prior year, the business earned ($0.43) earnings per share. The business's quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current 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.