Baillie Gifford & Co. Sells 245,038 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Baillie Gifford & Co. decreased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 13.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,640,028 shares of the industrial products company’s stock after selling 245,038 shares during the quarter. Baillie Gifford & Co.’s holdings in SiteOne Landscape Supply were worth $216,106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empire Life Investments Inc. boosted its stake in SiteOne Landscape Supply by 11.6% in the 4th quarter. Empire Life Investments Inc. now owns 49,749 shares of the industrial products company’s stock worth $6,555,000 after purchasing an additional 5,187 shares during the period. Buckhead Capital Management LLC boosted its stake in SiteOne Landscape Supply by 8.5% in the 4th quarter. Buckhead Capital Management LLC now owns 2,230 shares of the industrial products company’s stock worth $294,000 after purchasing an additional 174 shares during the period. Birch Hill Investment Advisors LLC bought a new position in SiteOne Landscape Supply in the 4th quarter worth about $325,000. WCM Investment Management LLC boosted its stake in SiteOne Landscape Supply by 593.6% in the 4th quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company’s stock worth $17,242,000 after purchasing an additional 112,385 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its stake in SiteOne Landscape Supply by 2.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company’s stock worth $153,835,000 after purchasing an additional 30,725 shares during the period.

SiteOne Landscape Supply Stock Performance

Shares of NYSE SITE opened at $146.21 on Monday. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 47.32 and a beta of 1.57. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. The stock’s 50-day moving average is $138.07 and its 200 day moving average is $141.43.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. On average, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares in the company, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SITE has been the subject of several analyst reports. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their target price for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. Stifel Nicolaus restated a “hold” rating and issued a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Royal Bank of Canada raised their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a report on Thursday. Robert W. Baird lowered their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, StockNews.com cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $154.56.

About SiteOne Landscape Supply

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.