Stephens Investment Management Group LLC cut its stake in SiteOne Landscape Supply Inc (NYSE:SITE) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 644,540 shares of the industrial products company’s stock after selling 15,876 shares during the period. Stephens Investment Management Group LLC owned 1.56% of SiteOne Landscape Supply worth $47,709,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Advisory Services Network LLC raised its holdings in shares of SiteOne Landscape Supply by 451.2% during the first quarter. Advisory Services Network LLC now owns 474 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 388 shares during the period. Park National Corp OH grew its position in SiteOne Landscape Supply by 11.0% during the second quarter. Park National Corp OH now owns 4,023 shares of the industrial products company’s stock valued at $279,000 after purchasing an additional 400 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in SiteOne Landscape Supply during the second quarter valued at approximately $292,000. Waratah Capital Advisors Ltd. purchased a new position in SiteOne Landscape Supply during the second quarter valued at approximately $403,000. Finally, BB&T Corp grew its position in SiteOne Landscape Supply by 5.0% during the second quarter. BB&T Corp now owns 7,567 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 358 shares in the last quarter.

SITE traded up $0.13 on Friday, reaching $78.64. 237,822 shares of the company traded hands, compared to its average volume of 291,482. The stock’s 50 day moving average price is $75.36 and its 200-day moving average price is $69.57. SiteOne Landscape Supply Inc has a 52-week low of $45.32 and a 52-week high of $81.41. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 49.69 and a beta of 1.02. The company has a debt-to-equity ratio of 2.33, a current ratio of 2.50 and a quick ratio of 1.13.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $1.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.10). The business had revenue of $752.40 million during the quarter, compared to the consensus estimate of $774.03 million. SiteOne Landscape Supply had a return on equity of 22.24% and a net margin of 3.08%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 earnings per share. As a group, equities research analysts forecast that SiteOne Landscape Supply Inc will post 1.62 earnings per share for the current fiscal year.

A number of brokerages recently commented on SITE. Royal Bank of Canada boosted their price objective on shares of SiteOne Landscape Supply to $68.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. Robert W. Baird raised shares of SiteOne Landscape Supply from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $64.00 to $77.00 in a research report on Tuesday, June 25th. Berenberg Bank downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. ValuEngine downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $72.25.

In other SiteOne Landscape Supply 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 value 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP L Briley Brisendine, Jr. sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $70.35, for a total transaction of $1,407,000.00. Following the completion of the sale, the executive vice president now directly owns 38,336 shares of the company’s stock, valued at $2,696,937.60. The disclosure for this sale can be found here. Insiders sold 50,754 shares of company stock valued at $3,723,984 over the last three months. 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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