NBC Securities Inc. Acquires 3,426 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

NBC Securities Inc. increased its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 114,200.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,429 shares of the industrial products company's stock after acquiring an additional 3,426 shares during the period. NBC Securities Inc.'s holdings in SiteOne Landscape Supply were worth $416,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of SiteOne Landscape Supply by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock worth $548,503,000 after purchasing an additional 49,256 shares in the last quarter. Wasatch Advisors LP increased its holdings in SiteOne Landscape Supply by 9.7% in the 4th quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company's stock worth $228,107,000 after buying an additional 153,447 shares in the last quarter. Bamco Inc. NY raised its position in SiteOne Landscape Supply by 4.6% in the 4th quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company's stock worth $217,786,000 after buying an additional 72,430 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in SiteOne Landscape Supply by 6.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company's stock worth $210,570,000 after buying an additional 91,719 shares during the last quarter. Finally, Geneva Capital Management LLC lifted its stake in SiteOne Landscape Supply by 13.9% during the 4th quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company's stock valued at $93,938,000 after acquiring an additional 86,793 shares during the period.

SiteOne Landscape Supply Stock Performance

NYSE SITE traded up $2.27 on Monday, hitting $124.27. 308,341 shares of the company traded hands, compared to its average volume of 429,871. The business's 50 day moving average price is $116.87 and its 200-day moving average price is $129.12. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $160.75. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 46.20 and a beta of 1.56.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.11). The company had revenue of $939.40 million during the quarter, compared to the consensus estimate of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned ($0.43) EPS. Equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Robert W. Baird reduced their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft began coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 target price for the company. UBS Group lowered their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Loop Capital dropped their price target on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. Finally, Stifel Nicolaus reduced their price objective on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, SiteOne Landscape Supply currently has an average rating of "Hold" and a consensus target price of $145.70.

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.