SiteOne Landscape Supply, Inc. (NYSE:SITE) Stake Boosted by Malaga Cove Capital LLC

Malaga Cove Capital LLC lifted its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 29.2% during the third quarter, according to the company in its most recent filing with the SEC. 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 filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Van ECK Associates Corp boosted its position in SiteOne Landscape Supply by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 23,984 shares of the industrial products company’s stock valued at $3,338,000 after purchasing an additional 6,853 shares during the period. Fort Pitt Capital Group LLC boosted its holdings in shares of SiteOne Landscape Supply by 49.5% during the third quarter. Fort Pitt Capital Group LLC now owns 7,781 shares of the industrial products company’s stock valued at $1,174,000 after acquiring an additional 2,576 shares during the period. Janney Montgomery Scott LLC grew its position in shares of SiteOne Landscape Supply by 2.5% during the third quarter. Janney Montgomery Scott LLC now owns 36,504 shares of the industrial products company’s stock worth $5,509,000 after acquiring an additional 878 shares during the last quarter. Pembroke Management LTD increased its holdings in shares of SiteOne Landscape Supply by 15.3% in the 3rd quarter. Pembroke Management LTD now owns 211,516 shares of the industrial products company’s stock worth $31,920,000 after acquiring an additional 28,117 shares during the period. Finally, Stephens Inc. AR lifted its position in SiteOne Landscape Supply by 8.2% in the 3rd quarter. Stephens Inc. AR now owns 3,001 shares of the industrial products company’s stock valued at $453,000 after purchasing an additional 228 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SITE shares. The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 target price for the company. Robert W. Baird increased their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Barclays lifted their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Stifel Nicolaus lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a report on Thursday, August 1st. Finally, Royal Bank of Canada decreased their target price on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $147.80.

SiteOne Landscape Supply Stock Up 1.8 %

SITE stock opened at $150.47 on Thursday. The firm has a market cap of $6.79 billion, a PE ratio of 48.69 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The firm has a 50 day simple moving average of $143.78 and a 200 day simple moving average of $141.52.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. SiteOne Landscape Supply’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $1.25 EPS. Equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.06 earnings per share for the current fiscal year.

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.