Impax Asset Management Group plc Trims Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Impax Asset Management Group plc trimmed its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.7% in the fourth quarter, HoldingsChannel reports. 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’s holdings in SiteOne Landscape Supply were worth $136,226,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. grew its holdings in SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 187 shares during the last quarter. Trust Co. of Vermont increased its position in SiteOne Landscape Supply by 657.9% during the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 250 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in SiteOne Landscape Supply in the 3rd quarter valued at about $71,000. Finally, CIBC Asset Management Inc purchased a new position in SiteOne Landscape Supply in the 3rd quarter valued at about $200,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Robert W. Baird lowered their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Royal Bank of Canada increased their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price objective for the stock from $145.00 to $175.00 in a report on Friday, December 6th. Finally, Barclays upped their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and an average price target of $154.56.

SiteOne Landscape Supply Stock Down 4.4 %

Shares of NYSE SITE opened at $134.72 on Monday. 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 stock has a market capitalization of $6.08 billion, a PE ratio of 50.08 and a beta of 1.57. The firm has a fifty day moving average of $137.52 and a 200-day moving average of $141.66. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01.

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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. On average, analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

SiteOne Landscape Supply Company 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.