SG Americas Securities LLC Takes $719,000 Position in SiteOne Landscape Supply, Inc. $SITE

SG Americas Securities LLC purchased a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,583 shares of the industrial products company’s stock, valued at approximately $719,000.

A number of other hedge funds have also recently added to or reduced their stakes in SITE. Allworth Financial LP raised its stake in shares of SiteOne Landscape Supply by 61.2% in the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 90 shares during the last quarter. HM Payson & Co. increased its holdings in shares of SiteOne Landscape Supply by 32.2% in the third quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 97 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 107 shares in the last quarter. Tower Research Capital LLC TRC raised its position in SiteOne Landscape Supply by 145.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 270 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in SiteOne Landscape Supply by 49.5% during the 2nd quarter. Parallel Advisors LLC now owns 562 shares of the industrial products company’s stock worth $68,000 after buying an additional 186 shares in the last quarter.

SiteOne Landscape Supply Trading Up 3.5%

Shares of NYSE SITE opened at $147.63 on Thursday. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $154.00. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 47.93, a P/E/G ratio of 1.51 and a beta of 1.58. The company has a quick ratio of 1.14, a current ratio of 2.49 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average is $132.24 and its 200-day moving average is $132.15.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.22 by $0.09. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. Equities research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SITE shares. Royal Bank Of Canada raised SiteOne Landscape Supply from a “sector perform” rating to an “outperform” rating and set a $151.00 target price for the company in a research note on Thursday, January 8th. The Goldman Sachs Group dropped their price objective on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 8th. Zacks Research upgraded shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Finally, Barclays set a $134.00 price objective on shares of SiteOne Landscape Supply and gave the company an “equal weight” rating in a report on Monday, December 8th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $150.10.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.