Ieq Capital LLC Acquires New Shares in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Ieq Capital LLC bought a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,218 shares of the industrial products company's stock, valued at approximately $292,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its stake in shares of SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 100 shares during the period. Blue Trust Inc. grew its position in 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 during the period. Trust Co. of Vermont raised its stake in SiteOne Landscape Supply by 657.9% during the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock worth $38,000 after acquiring an additional 250 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of SiteOne Landscape Supply during the third quarter valued at $71,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at $200,000.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Robert W. Baird dropped their target price on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus reaffirmed a "hold" rating and set a $140.00 price objective (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Jefferies Financial Group raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and boosted their target price for the stock from $145.00 to $175.00 in a report on Friday, December 6th. UBS Group dropped 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. Finally, Royal Bank of Canada boosted their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, SiteOne Landscape Supply presently has an average rating of "Hold" and an average target price of $154.56.

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SiteOne Landscape Supply Trading Down 0.8 %

Shares of NYSE SITE traded down $1.05 during mid-day trading on Tuesday, hitting $123.45. The company's stock had a trading volume of 367,357 shares, compared to its average volume of 367,888. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The company's fifty day simple moving average is $136.53 and its 200-day simple moving average is $141.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 45.88 and a beta of 1.69.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

SiteOne Landscape Supply 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.