2,469 Shares in SiteOne Landscape Supply, Inc. (NYSE:SITE) Purchased by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC acquired a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,469 shares of the industrial products company's stock, valued at approximately $325,000.

Several other large investors have also modified their holdings of SITE. WCM Investment Management LLC boosted its position in shares of SiteOne Landscape Supply by 593.6% in the fourth quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company's stock worth $17,242,000 after buying an additional 112,385 shares during the period. Conestoga Capital Advisors LLC boosted its position in shares of SiteOne Landscape Supply by 2.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company's stock worth $153,835,000 after buying an additional 30,725 shares during the period. KBC Group NV boosted its position in shares of SiteOne Landscape Supply by 43.1% in the fourth quarter. KBC Group NV now owns 1,947 shares of the industrial products company's stock worth $257,000 after buying an additional 586 shares during the period. Crown Oak Advisors LLC boosted its position in shares of SiteOne Landscape Supply by 12.9% in the fourth quarter. Crown Oak Advisors LLC now owns 53,084 shares of the industrial products company's stock worth $6,995,000 after buying an additional 6,074 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter worth $427,000.

Insider Activity

In related news, EVP Joseph Ketter sold 6,500 shares of SiteOne Landscape Supply stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the sale, the executive vice president now directly owns 12,942 shares of the company's stock, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SITE. Stifel Nicolaus reaffirmed a "hold" rating and issued a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday. StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Tuesday, January 28th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and increased their price objective for the stock from $145.00 to $175.00 in a report on Friday, December 6th. 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. Finally, Barclays increased their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an "underweight" rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $155.33.

SiteOne Landscape Supply Stock Up 2.8 %

NYSE SITE traded up $3.77 during trading on Wednesday, hitting $136.93. 958,073 shares of the company traded hands, compared to its average volume of 355,870. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The business has a fifty day simple moving average of $138.47 and a 200 day simple moving average of $141.48. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $6.18 billion, a P/E ratio of 44.31 and a beta of 1.57.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its 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 3.16% and a return on equity of 9.21%. As a group, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current 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.