WCM Investment Management LLC Purchases 112,385 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

WCM Investment Management LLC boosted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 593.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,317 shares of the industrial products company’s stock after acquiring an additional 112,385 shares during the period. WCM Investment Management LLC owned about 0.29% of SiteOne Landscape Supply worth $17,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC boosted its position in SiteOne Landscape Supply by 1.5% during the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock valued at $780,000 after purchasing an additional 77 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of SiteOne Landscape Supply by 6.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock worth $278,000 after acquiring an additional 106 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in SiteOne Landscape Supply by 5.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,131 shares of the industrial products company’s stock valued at $322,000 after acquiring an additional 113 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in SiteOne Landscape Supply by 2.3% in the third quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company’s stock valued at $797,000 after acquiring an additional 119 shares in the last quarter.

Analyst Ratings Changes

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

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the sale, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. This trade represents a 33.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is owned by corporate insiders.

SiteOne Landscape Supply Trading Down 3.1 %

Shares of NYSE:SITE opened at $133.09 on Monday. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 43.07 and a beta of 1.57. The business has a 50-day moving average price of $139.18 and a 200-day moving average price of $141.58.

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.