Malaga Cove Capital LLC Sells 486 Shares of SiteOne Landscape Supply, Inc. $SITE

Malaga Cove Capital LLC reduced its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 4.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,202 shares of the industrial products company’s stock after selling 486 shares during the period. Malaga Cove Capital LLC’s holdings in SiteOne Landscape Supply were worth $1,234,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Nicholas Company Inc. raised its stake in shares of SiteOne Landscape Supply by 31.7% in the second quarter. Nicholas Company Inc. now owns 48,062 shares of the industrial products company’s stock valued at $5,813,000 after acquiring an additional 11,555 shares during the last quarter. Zweig DiMenna Associates LLC bought a new position in shares of SiteOne Landscape Supply in the second quarter valued at about $1,173,000. Geneva Capital Management LLC lifted its position in SiteOne Landscape Supply by 7.2% during the 2nd quarter. Geneva Capital Management LLC now owns 760,186 shares of the industrial products company’s stock worth $91,937,000 after buying an additional 50,915 shares in the last quarter. Strs Ohio grew its holdings in SiteOne Landscape Supply by 19.4% during the 2nd quarter. Strs Ohio now owns 8,883 shares of the industrial products company’s stock worth $1,074,000 after acquiring an additional 1,442 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of SiteOne Landscape Supply by 27.2% in the second quarter. Arkadios Wealth Advisors now owns 3,000 shares of the industrial products company’s stock worth $363,000 after acquiring an additional 642 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 8th. Loop Capital raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $160.00 in a research report on Friday, September 19th. Royal Bank Of Canada upped their target price on shares of SiteOne Landscape Supply from $143.00 to $151.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. William Blair reiterated a “market perform” rating on shares of SiteOne Landscape Supply in a report on Wednesday, October 15th. Finally, Wall Street Zen upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $150.70.

SiteOne Landscape Supply Trading Down 1.7%

Shares of SITE stock opened at $122.12 on Friday. The stock has a 50 day simple moving average of $130.73 and a 200 day simple moving average of $127.70. The stock has a market cap of $5.44 billion, a P/E ratio of 39.65, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60. The company has a current ratio of 2.49, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $160.74.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.09. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the business earned $0.97 earnings per share. SiteOne Landscape Supply’s revenue was up 4.1% on a year-over-year basis. On average, research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

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.