Kovitz Investment Group Partners LLC Takes $1.10 Million Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Kovitz Investment Group Partners LLC acquired a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,317 shares of the industrial products company’s stock, valued at approximately $1,096,000.

Other institutional investors also recently bought and sold shares of the company. Trust Co. of Vermont boosted its stake in shares of SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock worth $38,000 after buying an additional 250 shares during the last quarter. Tortoise Investment Management LLC boosted its position in SiteOne Landscape Supply by 78.9% in the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 131 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of SiteOne Landscape Supply during the 4th quarter worth approximately $40,000. Brown Brothers Harriman & Co. increased its holdings in shares of SiteOne Landscape Supply by 395.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 273 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of SiteOne Landscape Supply in the 3rd quarter valued at $71,000.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $113.39 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The stock’s fifty day moving average is $119.81 and its two-hundred day moving average is $134.17. The firm has a market capitalization of $5.10 billion, a P/E ratio of 42.15 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $161.25.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating for the company in a research report on Monday. UBS Group reduced their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Robert W. Baird dropped their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Barclays reduced their target price on SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. Finally, Loop Capital dropped their price target on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, SiteOne Landscape Supply has a consensus rating of “Hold” and an average price target of $148.30.

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.