Impact Capital Partners LLC Invests $360,000 in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Impact Capital Partners LLC bought a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,729 shares of the industrial products company's stock, valued at approximately $360,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SITE. Nomura Asset Management Co. Ltd. grew its holdings in shares of SiteOne Landscape Supply by 90.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock worth $32,000 after buying an additional 100 shares in the last quarter. Trust Co. of Vermont grew its holdings in shares of 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 buying an additional 250 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in shares of SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock worth $39,000 after buying an additional 131 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of SiteOne Landscape Supply during the third quarter worth about $71,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of SiteOne Landscape Supply by 11.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company's stock worth $197,000 after buying an additional 156 shares in the last quarter.

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SiteOne Landscape Supply Trading Up 0.3 %

SITE traded up $0.33 during trading on Tuesday, hitting $123.97. 386,596 shares of the company's stock were exchanged, compared to its average volume of 412,725. 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 1 year low of $114.60 and a 1 year high of $188.01. The stock has a 50 day moving average price of $134.90 and a 200 day moving average price of $140.33. The firm has a market cap of $5.57 billion, a P/E ratio of 46.09 and a beta of 1.69.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. As a group, analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SITE shares. UBS Group lowered their price target on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Royal Bank of Canada boosted their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Robert W. Baird lowered 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 report on Thursday, February 13th. Stifel Nicolaus restated a "hold" rating and issued a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Finally, Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and boosted their target price for the company from $145.00 to $175.00 in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.