Gilder Gagnon Howe & Co. LLC Increases Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Gilder Gagnon Howe & Co. LLC raised its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,188 shares of the industrial products company's stock after buying an additional 9,584 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.36% of SiteOne Landscape Supply worth $21,371,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SITE. Tidal Investments LLC lifted its stake in shares of 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 worth $780,000 after purchasing an additional 77 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of SiteOne Landscape Supply by 0.6% in the fourth quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company's stock valued at $1,726,000 after purchasing an additional 77 shares during the period. HighPoint Advisor Group LLC raised its holdings in SiteOne Landscape Supply by 4.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company's stock valued at $271,000 after buying an additional 78 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of SiteOne Landscape Supply by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 19,611 shares of the industrial products company's stock worth $2,584,000 after purchasing an additional 130 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its position in shares of SiteOne Landscape Supply by 78.9% during the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock worth $39,000 after purchasing an additional 131 shares during the last quarter.

Wall Street Analyst Weigh In

SITE has been the topic of a number of analyst reports. UBS Group dropped their price objective 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. Royal Bank of Canada increased their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft started coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price objective for the company. Stifel Nicolaus dropped their target price on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a report on Monday. Finally, Barclays decreased their price objective on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $146.30.

SiteOne Landscape Supply Trading Up 2.7 %

Shares of SITE stock traded up $3.06 on Thursday, hitting $117.87. The stock had a trading volume of 345,280 shares, compared to its average volume of 418,706. The firm has a market cap of $5.30 billion, a P/E ratio of 43.94 and a beta of 1.62. 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 fifty day moving average price of $119.41 and a two-hundred day moving average price of $134.03. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $161.25.

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

SiteOne Landscape Supply 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.