SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lifted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 149.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,810 shares of the industrial products company’s stock after acquiring an additional 7,080 shares during the period. Landscape Capital Management L.L.C.’s holdings in SiteOne Landscape Supply were worth $1,556,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of SiteOne Landscape Supply during the fourth quarter worth $40,676,000. Artisan Partners Limited Partnership raised its stake in SiteOne Landscape Supply by 137.2% during the fourth quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company’s stock worth $48,510,000 after acquiring an additional 212,907 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in SiteOne Landscape Supply by 320.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 226,300 shares of the industrial products company’s stock worth $29,713,000 after acquiring an additional 172,500 shares during the last quarter. WCM Investment Management LLC boosted its stake in SiteOne Landscape Supply by 593.6% in the fourth quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company’s stock valued at $17,242,000 after acquiring an additional 112,385 shares during the period. Finally, Geneva Capital Management LLC grew its holdings in shares of SiteOne Landscape Supply by 13.9% during the fourth quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company’s stock valued at $93,938,000 after purchasing an additional 86,793 shares during the last quarter.

SiteOne Landscape Supply Price Performance

NYSE SITE opened at $111.25 on Friday. SiteOne Landscape Supply, Inc. has a 12 month low of $106.24 and a 12 month high of $181.81. The firm has a market capitalization of $5.00 billion, a PE ratio of 41.36 and a beta of 1.62. The company’s 50 day simple moving average is $130.44 and its 200 day simple moving average is $138.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

SiteOne Landscape Supply (NYSE:SITE) last issued 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 net margin of 2.72% and a return on equity of 7.93%. As a group, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SITE shares. Loop Capital cut their price target on SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a report on Friday. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their target price for the company from $145.00 to $175.00 in a research note on Friday, December 6th. Stifel Nicolaus restated a “hold” rating and set a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Sunday, March 16th. Finally, UBS Group reduced their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average price target of $151.10.

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.