EFG Asset Management North America Corp. Has $2.72 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

EFG Asset Management North America Corp. increased its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 58.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,658 shares of the industrial products company’s stock after purchasing an additional 7,605 shares during the quarter. EFG Asset Management North America Corp.’s holdings in SiteOne Landscape Supply were worth $2,719,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in SITE. Vanguard Group Inc. increased its position in SiteOne Landscape Supply by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company’s stock worth $548,503,000 after purchasing an additional 49,256 shares during the last quarter. Bamco Inc. NY grew its stake in shares of SiteOne Landscape Supply by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock valued at $238,489,000 after buying an additional 129,252 shares in the last quarter. Wasatch Advisors LP increased its holdings in SiteOne Landscape Supply by 11.4% in the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock worth $238,083,000 after buying an additional 161,846 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in SiteOne Landscape Supply by 2.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company’s stock valued at $153,835,000 after acquiring an additional 30,725 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in SiteOne Landscape Supply by 0.5% in the third quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company’s stock valued at $108,381,000 after acquiring an additional 3,434 shares during the last quarter.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $127.82 on Wednesday. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 47.52 and a beta of 1.69. The business has a 50 day moving average price of $134.14 and a 200 day moving average price of $139.78. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $183.86.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data 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%. Research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SITE. Robert W. Baird dropped their price target on shares of 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. UBS Group cut their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price target for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Sunday, March 16th. Finally, Royal Bank of Canada boosted their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $154.56.

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.