Oddo BHF Asset Management Sas Makes New $1.10 Million Investment in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Oddo BHF Asset Management Sas bought a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,285 shares of the industrial products company's stock, valued at approximately $1,099,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bamco Inc. NY raised its position in shares of SiteOne Landscape Supply by 8.9% during the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company's stock worth $238,489,000 after purchasing an additional 129,252 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of 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 valued at $238,083,000 after acquiring an additional 161,846 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of SiteOne Landscape Supply by 2.5% in the second quarter. Conestoga Capital Advisors LLC now owns 1,141,624 shares of the industrial products company's stock valued at $138,605,000 after acquiring an additional 28,265 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 worth $108,381,000 after acquiring an additional 3,434 shares during the last quarter. Finally, Geneva Capital Management LLC increased its position in shares of SiteOne Landscape Supply by 1.5% during the third quarter. Geneva Capital Management LLC now owns 626,101 shares of the industrial products company's stock worth $94,485,000 after purchasing an additional 9,209 shares in the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of NYSE SITE traded down $3.79 during mid-day trading on Friday, hitting $141.29. 259,149 shares of the company were exchanged, compared to its average volume of 270,957. The stock has a 50 day simple moving average of $146.21 and a 200-day simple moving average of $139.94. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 45.72 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its 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 return on equity of 9.21% and a net margin of 3.16%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business posted $1.25 EPS. The firm's revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current fiscal year.

Insider Activity

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the sale, the executive vice president now owns 12,942 shares of the company's stock, valued at $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a "neutral" rating and a $158.00 price target on the stock. Barclays upped their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research report on Thursday, October 31st. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Robert W. Baird upped their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Finally, Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and lifted their price target for the stock 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 assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $156.44.

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.