Stephens Investment Management Group LLC trimmed its stake in SiteOne Landscape Supply Inc (NYSE:SITE) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 594,357 shares of the industrial products company’s stock after selling 29,628 shares during the period. SiteOne Landscape Supply makes up approximately 1.0% of Stephens Investment Management Group LLC’s portfolio, making the stock its 27th biggest holding. Stephens Investment Management Group LLC’s holdings in SiteOne Landscape Supply were worth $45,587,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC bought a new position in SiteOne Landscape Supply during the second quarter valued at approximately $11,758,000. Northern Trust Corp grew its position in SiteOne Landscape Supply by 114.4% during the second quarter. Northern Trust Corp now owns 433,782 shares of the industrial products company’s stock valued at $22,583,000 after acquiring an additional 231,495 shares during the last quarter. FMR LLC grew its position in SiteOne Landscape Supply by 288.4% during the second quarter. FMR LLC now owns 2,017,984 shares of the industrial products company’s stock valued at $105,056,000 after acquiring an additional 1,498,436 shares during the last quarter. Neuberger Berman Group LLC bought a new position in SiteOne Landscape Supply during the third quarter valued at approximately $24,028,000. Finally, SG Americas Securities LLC bought a new position in SiteOne Landscape Supply during the third quarter valued at approximately $524,000.

In related news, EVP Ross Anker sold 41,824 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $69.09, for a total value of $2,889,620.16. Following the completion of the sale, the executive vice president now owns 88,881 shares of the company’s stock, valued at $6,140,788.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John T. Guthrie sold 20,000 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $70.91, for a total value of $1,418,200.00. Following the completion of the sale, the chief financial officer now directly owns 57,854 shares of the company’s stock, valued at approximately $4,102,427.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,967 shares of company stock valued at $7,138,256. Insiders own 4.00% of the company’s stock.

A number of research analysts have commented on the stock. William Blair upgraded shares of SiteOne Landscape Supply from a “market perform” rating to an “outperform” rating in a research report on Friday, January 26th. UBS Group cut shares of SiteOne Landscape Supply from a “neutral” rating to a “sell” rating and set a $72.00 price target on the stock. in a research report on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Barclays set a $65.00 price objective on SiteOne Landscape Supply and gave the company a “hold” rating in a research note on Monday, January 8th. Finally, Robert W. Baird increased their price objective on SiteOne Landscape Supply from $58.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. SiteOne Landscape Supply currently has an average rating of “Buy” and a consensus target price of $68.50.

Shares of SiteOne Landscape Supply Inc (NYSE:SITE) opened at $72.11 on Tuesday. The firm has a market capitalization of $2,951.57, a P/E ratio of 68.72 and a beta of 1.42. SiteOne Landscape Supply Inc has a 52 week low of $37.62 and a 52 week high of $79.51. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.21 and a current ratio of 2.69.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.14). The company had revenue of $502.40 million for the quarter, compared to analysts’ expectations of $506.28 million. SiteOne Landscape Supply had a net margin of 2.49% and a return on equity of 26.42%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the company posted $0.36 EPS. sell-side analysts forecast that SiteOne Landscape Supply Inc will post 1.39 EPS for the current year.

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About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.

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

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