GW&K Investment Management LLC boosted its stake in SiteOne Landscape Supply Inc (NYSE:SITE) by 10.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 926,097 shares of the industrial products company’s stock after buying an additional 87,372 shares during the quarter. SiteOne Landscape Supply makes up about 1.0% of GW&K Investment Management LLC’s holdings, making the stock its 14th biggest position. GW&K Investment Management LLC owned approximately 2.24% of SiteOne Landscape Supply worth $68,550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Baillie Gifford & Co. raised its holdings in shares of SiteOne Landscape Supply by 55.0% during the 2nd quarter. Baillie Gifford & Co. now owns 4,017,424 shares of the industrial products company’s stock valued at $278,406,000 after purchasing an additional 1,425,508 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in SiteOne Landscape Supply by 2.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,895,982 shares of the industrial products company’s stock worth $269,992,000 after acquiring an additional 106,931 shares during the period. Vanguard Group Inc. raised its holdings in SiteOne Landscape Supply by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,705,624 shares of the industrial products company’s stock worth $256,801,000 after acquiring an additional 14,591 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in SiteOne Landscape Supply by 5.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,115,029 shares of the industrial products company’s stock worth $215,871,000 after acquiring an additional 169,679 shares during the period. Finally, Wasatch Advisors Inc. raised its holdings in SiteOne Landscape Supply by 36.2% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,839,579 shares of the industrial products company’s stock worth $127,483,000 after acquiring an additional 488,656 shares during the period.

Shares of NYSE SITE traded up $0.18 during trading on Friday, reaching $91.06. The company had a trading volume of 403,373 shares, compared to its average volume of 383,768. SiteOne Landscape Supply Inc has a 52 week low of $45.32 and a 52 week high of $92.32. The stock has a market cap of $3.78 billion, a PE ratio of 52.64 and a beta of 1.05. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.11 and a current ratio of 2.44. The business’s 50 day moving average price is $78.09 and its 200-day moving average price is $72.03.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.07. SiteOne Landscape Supply had a net margin of 3.18% and a return on equity of 22.31%. The company had revenue of $652.80 million during the quarter, compared to the consensus estimate of $642.97 million. During the same period in the previous year, the firm posted $0.70 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. Equities analysts anticipate that SiteOne Landscape Supply Inc will post 2 earnings per share for the current year.

SITE has been the topic of several recent analyst reports. Royal Bank of Canada lifted their target price on shares of SiteOne Landscape Supply to $68.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “strong-buy” rating and set a $103.00 price target on the stock in a research report on Thursday. SunTrust Banks raised their price target on shares of SiteOne Landscape Supply to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. ValuEngine lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Berenberg Bank restated a “hold” rating and issued a $70.00 price target on shares of SiteOne Landscape Supply in a research report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. SiteOne Landscape Supply has an average rating of “Hold” and an average price target of $74.57.

In related news, CFO John T. Guthrie sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $77.68, for a total transaction of $776,800.00. Following the completion of the sale, the chief financial officer now directly owns 38,452 shares of the company’s stock, valued at $2,986,951.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Joseph Ketter sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $77.93, for a total transaction of $350,685.00. Following the sale, the vice president now directly owns 10,233 shares of the company’s stock, valued at $797,457.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,500 shares of company stock valued at $2,031,185. Insiders own 4.10% of the company’s stock.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 120,000 stock keeping units, including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, outdoor lightings, and ice melt products, as well as hardscapes, such as pavers, natural stones, and blocks.

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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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