Allianz Asset Management GmbH Has $96.24 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Allianz Asset Management GmbH reduced its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 730,352 shares of the industrial products company’s stock after selling 34,718 shares during the quarter. Allianz Asset Management GmbH’s holdings in SiteOne Landscape Supply were worth $96,238,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Bamco Inc. NY boosted its position in shares of SiteOne Landscape Supply by 8.9% during the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock valued at $238,489,000 after purchasing an additional 129,252 shares in the last quarter. Wasatch Advisors LP lifted its stake in SiteOne Landscape Supply by 11.4% in the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock valued at $238,083,000 after buying an additional 161,846 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in shares of SiteOne Landscape Supply by 2.7% during 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 buying an additional 30,725 shares in the last quarter. Geode Capital Management LLC grew its position in shares of SiteOne Landscape Supply by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company’s stock worth $108,381,000 after buying an additional 3,434 shares during the period. Finally, Geneva Capital Management LLC increased its stake in shares of SiteOne Landscape Supply by 1.5% in the 3rd quarter. Geneva Capital Management LLC now owns 626,101 shares of the industrial products company’s stock valued at $94,485,000 after acquiring an additional 9,209 shares in the last quarter.

Analyst Ratings Changes

SITE has been the topic of several research analyst reports. Robert W. Baird cut their target price on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus reissued a “hold” rating and set a $140.00 price objective (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Barclays boosted their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Royal Bank of Canada increased their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Finally, StockNews.com cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $154.56.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $134.72 on Friday. The firm has a market capitalization of $6.08 billion, a P/E ratio of 50.08 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. The stock has a 50 day moving average price of $137.65 and a two-hundred day moving average price of $141.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. Equities analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

SiteOne Landscape Supply Company 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.