Geneva Capital Management LLC Raises Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Geneva Capital Management LLC raised its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 560,027 shares of the industrial products company’s stock after purchasing an additional 48,128 shares during the period. SiteOne Landscape Supply makes up about 1.7% of Geneva Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Geneva Capital Management LLC owned 1.24% of SiteOne Landscape Supply worth $91,004,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Everpar Advisors LLC purchased a new position in shares of SiteOne Landscape Supply in the 4th quarter worth $552,000. Charles Schwab Investment Management Inc. boosted its stake in shares of SiteOne Landscape Supply by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 491,011 shares of the industrial products company’s stock worth $79,789,000 after buying an additional 16,101 shares during the last quarter. MeadowBrook Investment Advisors LLC purchased a new position in shares of SiteOne Landscape Supply in the 4th quarter worth $182,000. Vestmark Advisory Solutions Inc. boosted its stake in shares of SiteOne Landscape Supply by 3.2% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 17,855 shares of the industrial products company’s stock worth $2,901,000 after buying an additional 546 shares during the last quarter. Finally, Sapient Capital LLC purchased a new position in shares of SiteOne Landscape Supply in the 4th quarter worth $549,000.

SiteOne Landscape Supply Price Performance

Shares of SITE stock traded up $1.82 during trading hours on Thursday, hitting $157.19. The stock had a trading volume of 141,642 shares, compared to its average volume of 317,203. SiteOne Landscape Supply, Inc. has a one year low of $116.81 and a one year high of $188.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.36 and a quick ratio of 0.96. The stock’s 50-day moving average price is $168.63 and its two-hundred day moving average price is $157.06. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 45.56 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.22). SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The firm had revenue of $904.80 million during the quarter, compared to the consensus estimate of $864.01 million. During the same period last year, the firm posted ($0.10) earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts forecast that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stifel Nicolaus raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and decreased their target price for the stock from $167.00 to $165.00 in a report on Thursday, May 2nd. Truist Financial decreased their target price on SiteOne Landscape Supply from $204.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Robert W. Baird raised their target price on SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Royal Bank of Canada raised their target price on SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. Finally, Barclays decreased their target price on SiteOne Landscape Supply from $145.00 to $133.00 and set an “underweight” rating on the stock in a report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $167.50.

Insider Buying and Selling

In related news, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total value of $1,621,000.00. Following the completion of the transaction, the chief executive officer now owns 574,657 shares in the company, valued at $93,151,899.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the completion of the transaction, the chief executive officer now owns 574,657 shares in the company, valued at $93,151,899.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John T. Guthrie sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $180.00, for a total value of $540,000.00. Following the completion of the sale, the chief financial officer now owns 15,467 shares of the company’s stock, valued at approximately $2,784,060. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,000 shares of company stock worth $3,924,500. Corporate insiders own 2.70% of the company’s stock.

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.