GW&K Investment Management LLC Has $67.67 Million Stock Holdings in SiteOne Landscape Supply, Inc. $SITE

GW&K Investment Management LLC lowered its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 525,360 shares of the industrial products company’s stock after selling 65,859 shares during the period. GW&K Investment Management LLC’s holdings in SiteOne Landscape Supply were worth $67,667,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP grew its stake in shares of SiteOne Landscape Supply by 61.2% in the 2nd quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock valued at $29,000 after buying an additional 90 shares during the period. NewEdge Advisors LLC raised its stake in SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after buying an additional 107 shares during the period. HM Payson & Co. boosted its holdings in SiteOne Landscape Supply by 32.2% in the third quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 97 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in SiteOne Landscape Supply by 145.2% in the second quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 270 shares during the period. Finally, Bessemer Group Inc. grew its stake in SiteOne Landscape Supply by 276.5% in the third quarter. Bessemer Group Inc. now owns 448 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 329 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Bank of America assumed coverage on SiteOne Landscape Supply in a research report on Thursday, December 18th. They set a “buy” rating and a $147.00 target price on the stock. Stifel Nicolaus set a $144.00 price target on shares of SiteOne Landscape Supply in a research note on Monday, February 9th. Truist Financial raised their price objective on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Zacks Research upgraded shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Finally, Robert W. Baird set a $190.00 price target on shares of SiteOne Landscape Supply in a research report on Thursday, February 12th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $159.44.

Insider Transactions at SiteOne Landscape Supply

In other news, EVP Eric J. Elema sold 1,765 shares of SiteOne Landscape Supply stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $158.01, for a total value of $278,887.65. Following the completion of the transaction, the executive vice president owned 2,911 shares in the company, valued at $459,967.11. This trade represents a 37.75% 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 2.60% of the company’s stock.

SiteOne Landscape Supply Stock Down 0.6%

SITE opened at $139.28 on Thursday. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $168.56. The company has a quick ratio of 1.20, a current ratio of 2.47 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $143.35 and its two-hundred day moving average price is $135.48. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 41.45, a PEG ratio of 1.81 and a beta of 1.59.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.09. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. SiteOne Landscape Supply had a return on equity of 9.28% and a net margin of 3.23%.The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the business posted ($0.48) earnings per share. As a group, equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.