Zuckerman Investment Group LLC Invests $6.97 Million in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Zuckerman Investment Group LLC bought a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,265 shares of the industrial products company’s stock, valued at approximately $6,971,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in SiteOne Landscape Supply in the 4th quarter valued at $40,676,000. Artisan Partners Limited Partnership lifted its holdings in SiteOne Landscape Supply by 137.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company’s stock valued at $48,510,000 after acquiring an additional 212,907 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in SiteOne Landscape Supply by 320.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 226,300 shares of the industrial products company’s stock worth $29,713,000 after acquiring an additional 172,500 shares during the period. WCM Investment Management LLC grew its stake in SiteOne Landscape Supply by 593.6% during the fourth quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company’s stock valued at $17,242,000 after acquiring an additional 112,385 shares in the last quarter. Finally, Geneva Capital Management LLC raised its position in SiteOne Landscape Supply by 13.9% during the fourth quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company’s stock valued at $93,938,000 after purchasing an additional 86,793 shares during the period.

Analysts Set New Price Targets

A number of research analysts have commented on SITE shares. Stifel Nicolaus reissued a “hold” rating and set a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Sunday, March 16th. Royal Bank of Canada upped their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft started coverage on SiteOne Landscape Supply in a research note on Tuesday, April 1st. They issued a “hold” rating and a $135.00 target price on the stock. Finally, UBS Group dropped their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, SiteOne Landscape Supply has a consensus rating of “Hold” and an average target price of $149.70.

SiteOne Landscape Supply Trading Up 8.8 %

Shares of SITE stock opened at $114.05 on Thursday. 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 firm has a market cap of $5.13 billion, a P/E ratio of 42.40 and a beta of 1.62. The business has a 50-day moving average price of $126.93 and a two-hundred day moving average price of $137.48. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $175.72.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. Equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

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.