Proficio Capital Partners LLC Invests $1.77 Million in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Proficio Capital Partners LLC purchased a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) during the 4th quarter, HoldingsChannel reports. The fund purchased 13,441 shares of the industrial products company’s stock, valued at approximately $1,771,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tidal Investments LLC raised its holdings in SiteOne Landscape Supply by 1.5% during the 3rd quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock valued at $780,000 after acquiring an additional 77 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of SiteOne Landscape Supply by 90.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 100 shares during the period. Glenmede Trust Co. NA grew its position in shares of SiteOne Landscape Supply by 2.3% in the third quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company’s stock valued at $797,000 after purchasing an additional 119 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of SiteOne Landscape Supply by 11.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock valued at $197,000 after purchasing an additional 156 shares during the period. Finally, Buckhead Capital Management LLC boosted its stake in SiteOne Landscape Supply by 8.5% in the 4th quarter. Buckhead Capital Management LLC now owns 2,230 shares of the industrial products company’s stock worth $294,000 after purchasing an additional 174 shares during the period.

Analyst Ratings Changes

SITE has been the topic of several analyst reports. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price target for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Robert W. Baird decreased their target price on shares of 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 lowered their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to 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

Shares of NYSE:SITE opened at $122.30 on Thursday. The company’s fifty day moving average price is $134.64 and its 200-day moving average price is $140.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 45.46 and a beta of 1.69. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal 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.