WCM Investment Management LLC Raises Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

WCM Investment Management LLC grew its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 593.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 131,317 shares of the industrial products company’s stock after acquiring an additional 112,385 shares during the quarter. WCM Investment Management LLC’s holdings in SiteOne Landscape Supply were worth $17,242,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SITE. Conestoga Capital Advisors LLC grew 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 valued at $153,835,000 after acquiring an additional 30,725 shares during the period. KBC Group NV grew its position in shares of SiteOne Landscape Supply by 43.1% in the fourth quarter. KBC Group NV now owns 1,947 shares of the industrial products company’s stock valued at $257,000 after purchasing an additional 586 shares during the period. Crown Oak Advisors LLC increased its stake in shares of SiteOne Landscape Supply by 12.9% during the fourth quarter. Crown Oak Advisors LLC now owns 53,084 shares of the industrial products company’s stock worth $6,995,000 after purchasing an additional 6,074 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of SiteOne Landscape Supply during the 4th quarter worth about $427,000. Finally, Mitchell & Pahl Private Wealth LLC raised its position in shares of SiteOne Landscape Supply by 9.1% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 4,974 shares of the industrial products company’s stock worth $655,000 after purchasing an additional 414 shares during the last quarter.

Insider Buying and Selling

In related news, EVP Joseph Ketter sold 6,500 shares of SiteOne Landscape Supply stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the transaction, the executive vice president now owns 12,942 shares in the company, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SITE has been the subject of several research reports. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price target for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. Barclays raised their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. Finally, Robert W. Baird upped their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $156.44.

SiteOne Landscape Supply Stock Down 3.1 %

NYSE SITE opened at $133.09 on Monday. The business’s fifty day simple moving average is $139.18 and its 200-day simple moving average is $141.58. 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 firm has a market cap of $6.00 billion, a PE ratio of 43.07 and a beta of 1.57. SiteOne Landscape Supply, Inc. has a 52 week low of $114.60 and a 52 week high of $188.01.

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.