Vaughan Nelson Investment Management L.P. Acquires 120 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Vaughan Nelson Investment Management L.P. raised its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,465 shares of the industrial products company’s stock after purchasing an additional 120 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.17% of SiteOne Landscape Supply worth $9,812,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its position in SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of SiteOne Landscape Supply by 287.7% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after buying an additional 187 shares in the last quarter. Trust Co. of Vermont grew its holdings in shares of SiteOne Landscape Supply by 657.9% during the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after buying an additional 250 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of SiteOne Landscape Supply during the third quarter valued at approximately $71,000. Finally, Eagle Bay Advisors LLC raised its holdings in SiteOne Landscape Supply by 126.9% in the 3rd quarter. Eagle Bay Advisors LLC now owns 497 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 278 shares during the last quarter.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the transaction, the executive vice president now owns 12,942 shares in the company, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Stock Down 3.1 %

Shares of NYSE SITE opened at $133.09 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The stock has a 50 day moving average price of $139.18 and a 200 day moving average price of $141.58. The firm has a market capitalization of $6.00 billion, a price-to-earnings 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.

Analyst Upgrades and Downgrades

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

SiteOne Landscape Supply Profile

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.