Geneva Capital Management LLC Acquires 86,793 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Geneva Capital Management LLC raised its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 712,894 shares of the industrial products company’s stock after purchasing an additional 86,793 shares during the quarter. SiteOne Landscape Supply accounts for approximately 1.6% of Geneva Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Geneva Capital Management LLC owned approximately 1.58% of SiteOne Landscape Supply worth $93,938,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its position in shares of SiteOne Landscape Supply by 90.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Trust Co. of Vermont increased its stake in shares of SiteOne Landscape Supply by 657.9% during the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after buying an additional 250 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of SiteOne Landscape Supply during the third quarter valued at $71,000. Jones Financial Companies Lllp increased its stake in shares of SiteOne Landscape Supply by 11.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock valued at $197,000 after buying an additional 156 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in shares of SiteOne Landscape Supply during the third quarter valued at $200,000.

SiteOne Landscape Supply Stock Up 1.8 %

Shares of SITE opened at $124.31 on Thursday. 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, Inc. has a one year low of $114.60 and a one year high of $188.01. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 46.21 and a beta of 1.69. The stock has a 50 day moving average price of $136.09 and a 200 day moving average price of $141.20.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) 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 research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price target for the company from $145.00 to $175.00 in a research note on Friday, December 6th. Royal Bank of Canada raised their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. StockNews.com lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Robert W. Baird cut their target price on 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. Finally, 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 note on Monday, February 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $154.56.

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.