SiteOne Landscape Supply, Inc. (NYSE:SITE) Stock Position Increased by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. grew its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 58.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,658 shares of the industrial products company’s stock after purchasing an additional 7,605 shares during the period. EFG Asset Management North America Corp.’s holdings in SiteOne Landscape Supply were worth $2,719,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of SiteOne Landscape Supply during the fourth quarter valued at about $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 valued at $29,713,000 after buying an additional 172,500 shares during the period. Wasatch Advisors LP raised its position in shares of 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 in the last quarter. Bamco Inc. NY lifted its stake in shares of SiteOne Landscape Supply by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock worth $238,489,000 after acquiring an additional 129,252 shares during the period. Finally, WCM Investment Management LLC boosted its holdings in shares of SiteOne Landscape Supply by 593.6% in the fourth quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company’s stock valued at $17,242,000 after acquiring an additional 112,385 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their target price for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. Royal Bank of Canada upped their price objective on 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 SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. UBS Group cut 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. Finally, StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Sunday, March 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $154.56.

SiteOne Landscape Supply Price Performance

SITE stock opened at $127.82 on Wednesday. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $183.86. The firm has a 50-day moving average of $134.14 and a two-hundred day moving average of $139.78. The firm has a market capitalization of $5.75 billion, a PE ratio of 47.52 and a beta of 1.69. 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 (NYSE:SITE) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing the consensus estimate 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, analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current 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.