Jackson Square Partners LLC Sells 6,482 Shares of SiteOne Landscape Supply, Inc. $SITE

Jackson Square Partners LLC reduced its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 22.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,966 shares of the industrial products company’s stock after selling 6,482 shares during the period. Jackson Square Partners LLC owned approximately 0.05% of SiteOne Landscape Supply worth $2,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of SiteOne Landscape Supply by 61.2% in the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 90 shares during the period. HM Payson & Co. raised its stake in SiteOne Landscape Supply by 32.2% in the 3rd quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 97 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 107 shares during the period. Bessemer Group Inc. grew its position in shares of SiteOne Landscape Supply by 276.5% during the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 329 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of SiteOne Landscape Supply by 145.2% during the second quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 270 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SITE. William Blair reiterated a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 15th. Barclays set a $134.00 target price on SiteOne Landscape Supply and gave the company an “equal weight” rating in a research report on Monday, December 8th. The Goldman Sachs Group decreased their price target on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Stifel Nicolaus cut their price objective on shares of SiteOne Landscape Supply from $140.00 to $134.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Finally, Zacks Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $150.10.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock opened at $150.00 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.49 and a debt-to-equity ratio of 0.29. The stock has a market cap of $6.68 billion, a PE ratio of 48.70, a P/E/G ratio of 1.58 and a beta of 1.59. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $154.00. The business’s 50-day moving average price is $136.10 and its two-hundred day moving average price is $133.81.

SiteOne Landscape Supply 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.