Polen Capital Management LLC Increases Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Polen Capital Management LLC grew its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 48.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 24,140 shares of the industrial products company's stock after acquiring an additional 7,847 shares during the period. Polen Capital Management LLC owned about 0.05% of SiteOne Landscape Supply worth $3,181,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in SiteOne Landscape Supply during the 4th quarter worth approximately $40,676,000. Skandinaviska Enskilda Banken AB publ increased its stake in SiteOne Landscape Supply by 320.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 226,300 shares of the industrial products company's stock worth $29,713,000 after buying an additional 172,500 shares during the period. Wasatch Advisors LP increased its stake in SiteOne Landscape Supply by 11.4% during the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company's stock worth $238,083,000 after buying an additional 161,846 shares during the period. Bamco Inc. NY increased its stake in 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 buying an additional 129,252 shares during the period. Finally, WCM Investment Management LLC increased its position in shares of SiteOne Landscape Supply by 593.6% in the 4th quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company's stock valued at $17,242,000 after purchasing an additional 112,385 shares during the last quarter.

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Wall Street Analysts Forecast Growth

A number of brokerages have commented on SITE. StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Sunday. UBS Group dropped their price objective on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and increased their price objective for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Stifel Nicolaus restated a "hold" rating and issued a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Finally, Royal Bank of Canada upped 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $154.56.

SiteOne Landscape Supply Stock Performance

NYSE:SITE traded down $0.65 during trading hours on Thursday, reaching $122.00. 475,398 shares of the company's stock were exchanged, compared to its average volume of 372,753. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 45.35 and a beta of 1.69. The company has a 50-day moving average of $134.64 and a 200 day moving average of $140.08. The company has a quick ratio of 1.16, a current ratio of 2.53 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.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. Research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 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.