Nicholas Company Inc. Has $5.81 Million Holdings in SiteOne Landscape Supply, Inc. $SITE

Nicholas Company Inc. lifted its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 31.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,062 shares of the industrial products company’s stock after acquiring an additional 11,555 shares during the quarter. Nicholas Company Inc. owned approximately 0.11% of SiteOne Landscape Supply worth $5,813,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. HM Payson & Co. acquired a new position in shares of SiteOne Landscape Supply in the 1st quarter worth approximately $25,000. Brooklyn Investment Group acquired a new position in shares of SiteOne Landscape Supply in the 1st quarter worth approximately $32,000. Eastern Bank acquired a new position in shares of SiteOne Landscape Supply in the 1st quarter worth approximately $38,000. NewEdge Advisors LLC boosted its holdings in shares of SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 107 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of SiteOne Landscape Supply by 24.3% in the 1st quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 95 shares in the last quarter.

SiteOne Landscape Supply Stock Performance

SITE stock opened at $129.70 on Friday. The business’s fifty day moving average is $132.37 and its 200-day moving average is $127.45. The company has a quick ratio of 1.06, a current ratio of 2.49 and a debt-to-equity ratio of 0.29. The company has a market cap of $5.78 billion, a P/E ratio of 42.11, a price-to-earnings-growth ratio of 2.39 and a beta of 1.59. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $160.74.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.09. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 EPS. Equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays upped their price objective on SiteOne Landscape Supply from $106.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, October 8th. The Goldman Sachs Group reduced their price objective on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Loop Capital raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price objective for the stock from $150.00 to $160.00 in a report on Friday, September 19th. Finally, Wall Street Zen raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $150.70.

About SiteOne Landscape Supply

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.