SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,059 shares of the industrial products company's stock after selling 9,499 shares during the period. Nuveen Asset Management LLC owned approximately 0.32% of SiteOne Landscape Supply worth $19,246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its stake in SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock valued at $39,000 after buying an additional 131 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in SiteOne Landscape Supply during the 4th quarter worth $40,000. Brown Brothers Harriman & Co. increased its holdings in SiteOne Landscape Supply by 395.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock worth $45,000 after purchasing an additional 273 shares during the period. Jones Financial Companies Lllp increased its holdings in SiteOne Landscape Supply by 11.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company's stock worth $197,000 after purchasing an additional 156 shares during the period. Finally, Blueshift Asset Management LLC bought a new stake in SiteOne Landscape Supply during the 4th quarter valued at $227,000.

Analysts Set New Price Targets

SITE has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their price objective on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a research report on Monday, April 28th. UBS Group reduced their price objective on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Robert W. Baird reduced their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Barclays cut their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a research note on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $145.70.

SiteOne Landscape Supply Price Performance

Shares of SiteOne Landscape Supply stock traded up $0.00 on Thursday, hitting $117.03. 38,161 shares of the company were exchanged, compared to its average volume of 494,663. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 43.60 and a beta of 1.62. The company has a 50-day moving average price of $117.59 and a 200 day moving average price of $130.64. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $160.74. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates 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 business 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 company posted ($0.43) earnings per share. The company's revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal 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.