Malaga Cove Capital LLC Has $1.23 Million Stock Holdings in SiteOne Landscape Supply, Inc. $SITE

Malaga Cove Capital LLC lowered its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 4.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,202 shares of the industrial products company’s stock after selling 486 shares during the period. Malaga Cove Capital LLC’s holdings in SiteOne Landscape Supply were worth $1,234,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Nicholas Company Inc. lifted its stake in shares of SiteOne Landscape Supply by 31.7% in the 2nd quarter. Nicholas Company Inc. now owns 48,062 shares of the industrial products company’s stock valued at $5,813,000 after acquiring an additional 11,555 shares during the last quarter. Zweig DiMenna Associates LLC acquired a new position in SiteOne Landscape Supply in the 2nd quarter worth about $1,173,000. Geneva Capital Management LLC raised its position in SiteOne Landscape Supply by 7.2% in the second quarter. Geneva Capital Management LLC now owns 760,186 shares of the industrial products company’s stock valued at $91,937,000 after purchasing an additional 50,915 shares during the last quarter. Strs Ohio boosted its stake in shares of SiteOne Landscape Supply by 19.4% during the second quarter. Strs Ohio now owns 8,883 shares of the industrial products company’s stock valued at $1,074,000 after purchasing an additional 1,442 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in shares of SiteOne Landscape Supply by 27.2% during the second quarter. Arkadios Wealth Advisors now owns 3,000 shares of the industrial products company’s stock worth $363,000 after purchasing an additional 642 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SITE shares. Royal Bank Of Canada boosted their target price on shares of SiteOne Landscape Supply from $143.00 to $151.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 8th. Zacks Research lowered shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Barclays lifted their price target on shares of SiteOne Landscape Supply from $106.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group decreased their price target 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. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $150.70.

SiteOne Landscape Supply Stock Down 1.7%

NYSE SITE opened at $122.12 on Friday. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $160.74. The company has a quick ratio of 1.14, a current ratio of 2.49 and a debt-to-equity ratio of 0.29. The firm has a market cap of $5.44 billion, a PE ratio of 39.65, a P/E/G ratio of 2.02 and a beta of 1.60. The business’s fifty day simple moving average is $130.73 and its 200-day simple moving average is $127.70.

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

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.