Kovitz Investment Group Partners LLC Invests $1.10 Million in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Kovitz Investment Group Partners LLC bought a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,317 shares of the industrial products company's stock, valued at approximately $1,096,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Co. of Vermont raised its position in SiteOne Landscape Supply by 657.9% during the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Tortoise Investment Management LLC increased its stake in shares of SiteOne Landscape Supply by 78.9% in the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock valued at $39,000 after buying an additional 131 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in SiteOne Landscape Supply in the fourth quarter valued at approximately $40,000. Brown Brothers Harriman & Co. raised its stake in SiteOne Landscape Supply by 395.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock worth $45,000 after buying an additional 273 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of SiteOne Landscape Supply in the 3rd quarter valued at about $71,000.

SiteOne Landscape Supply Stock Performance

Shares of SiteOne Landscape Supply stock traded up $5.05 on Friday, reaching $121.96. 783,805 shares of the stock were exchanged, compared to its average volume of 416,978. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average price of $118.90 and a two-hundred day moving average price of $133.57. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $161.25. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 45.34 and a beta of 1.62.

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

Analyst Upgrades and Downgrades

SITE has been the subject of a number of recent research reports. Robert W. Baird decreased 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. Stifel Nicolaus reduced their price objective on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Truist Financial reduced their price objective on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday. Barclays decreased their target price on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Finally, 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 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.