Malaga Cove Capital LLC Has $1.14 Million Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Malaga Cove Capital LLC boosted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 29.2% in the third quarter, HoldingsChannel reports. The fund owned 7,533 shares of the industrial products company’s stock after buying an additional 1,704 shares during the quarter. Malaga Cove Capital LLC’s holdings in SiteOne Landscape Supply were worth $1,137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MJP Associates Inc. ADV raised its holdings in SiteOne Landscape Supply by 5.7% during the second quarter. MJP Associates Inc. ADV now owns 1,707 shares of the industrial products company’s stock valued at $207,000 after buying an additional 92 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in SiteOne Landscape Supply by 5.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 98 shares during the period. Equitable Trust Co. grew its holdings in SiteOne Landscape Supply by 3.0% during the second quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company’s stock valued at $432,000 after purchasing an additional 103 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in SiteOne Landscape Supply by 6.1% during the third quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 106 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its position in shares of SiteOne Landscape Supply by 7.9% in the first quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 127 shares during the period.

SiteOne Landscape Supply Trading Up 1.8 %

Shares of SITE stock opened at $150.47 on Thursday. The firm has a fifty day moving average of $143.78 and a 200-day moving average of $141.52. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 48.69 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. 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 posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.21). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the company earned $1.25 EPS. On average, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a research note on Thursday, August 1st. Truist Financial boosted their price objective on SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird lifted their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Finally, Royal Bank of Canada dropped their target price on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $147.80.

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.