SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Bought by Geneva Capital Management LLC

Geneva Capital Management LLC boosted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 626,101 shares of the industrial products company's stock after purchasing an additional 9,209 shares during the period. SiteOne Landscape Supply makes up 1.6% of Geneva Capital Management LLC's investment portfolio, making the stock its 19th largest holding. Geneva Capital Management LLC owned about 1.39% of SiteOne Landscape Supply worth $94,485,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank purchased a new position in SiteOne Landscape Supply in the 1st quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of SiteOne Landscape Supply in the 2nd quarter worth $27,000. Blue Trust Inc. boosted its holdings in shares of SiteOne Landscape Supply by 287.7% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 187 shares in the last quarter. American National Bank & Trust acquired a new position in shares of SiteOne Landscape Supply during the third quarter worth about $49,000. Finally, Eagle Bay Advisors LLC increased its stake in shares of SiteOne Landscape Supply by 126.9% during the third quarter. Eagle Bay Advisors LLC now owns 497 shares of the industrial products company's stock worth $75,000 after acquiring an additional 278 shares during the period.

SiteOne Landscape Supply Trading Down 0.2 %

Shares of SiteOne Landscape Supply stock traded down $0.29 during trading hours on Wednesday, reaching $147.17. 86,638 shares of the company's stock were exchanged, compared to its average volume of 363,596. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 47.93 and a beta of 1.53. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. The company has a fifty day moving average of $144.44 and a 200-day moving average of $141.19.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter last year, the firm earned $1.25 EPS. The firm's quarterly revenue was up 5.6% compared to the same quarter last year. Sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current fiscal year.

Analyst Ratings Changes

SITE has been the subject of several recent analyst reports. Truist Financial raised their price target on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Stifel Nicolaus cut shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 price objective for the company. in a research note on Thursday, August 1st. The Goldman Sachs Group initiated coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a "neutral" rating and a $158.00 target price on the stock. Robert W. Baird upped their price target 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, StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $147.80.

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.