Callan Family Office LLC Invests $276,000 in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Callan Family Office LLC acquired a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,092 shares of the industrial products company’s stock, valued at approximately $276,000.

Several other large investors also recently made changes to their positions in the business. Geneva Capital Management LLC increased its position in shares of SiteOne Landscape Supply by 13.9% in the fourth quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company’s stock worth $93,938,000 after acquiring an additional 86,793 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter worth $40,676,000. Arizona State Retirement System increased its position 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 worth $1,726,000 after acquiring an additional 77 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter worth $1,771,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of SiteOne Landscape Supply by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 552,907 shares of the industrial products company’s stock valued at $72,857,000 after purchasing an additional 14,909 shares during the period.

SiteOne Landscape Supply Trading Down 1.4 %

NYSE SITE opened at $127.24 on Tuesday. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. 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 company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 47.30 and a beta of 1.69. The company’s fifty day moving average price is $135.70 and its two-hundred day moving average price is $141.00.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Saturday. Royal Bank of Canada upped their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Stifel Nicolaus restated a “hold” rating and issued a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. UBS Group decreased 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 research note on Thursday, February 13th. Finally, Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their target price for the company from $145.00 to $175.00 in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $154.56.

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.